Hannover Life Reassurance Company of America (Hannover Re US) has come up with a new team to continue focused efforts that support carriers’ web, mobile and digital strategies.
In addition to working with carriers, the specialized team works with emerging, high-tech distribution companies and InsurTech players, vetting their technology and helping them gain access to insurers that want to modernize the life insurance sales process, risk assessment, client engagement and back-end analytics.
Accelerated underwriting programs are a critical component of digital transformation in the life insurance industry.
hr | ReFlex, Hannover Re’s automated/digital underwriting platform, is at the forefront of supporting accelerated underwriting programs for life insurance underwriting rules to make the most precise risk assessment decisions at the point of sale.
Hannover Re US marketing vice president Tony Laudato said: “We’ve assembled a leading team with a varied background in underwriting, product development, pricing, risk management, distribution, consulting, and strategic planning.
"Now we bring companies together that have complementary offerings so that we can execute innovative solutions and actually get things done for our clients.
With more than 20 years in the insurance industry, Tony joined Hannover Re in 2012 and currently leads the Partnership Solutions team. Before joining Hannover Re, Tony served as Chief Product and Innovation Officer for Clark Consulting and Chief Actuary for The Newport Group.
His additional industry experience includes roles such as the lead pricing actuary for Lincoln Financial Group’s MoneyGuard and Chief Actuary of Lincoln Financial’s Executive Benefits business.
Other members of the Partnership Solutions executive leadership team include Jim McArdle and Mike Reeves.
Jim McArdle joined Hannover Re in May 2016 to head up the product management and operations of hr | ReFlex. He has over 30 years of experience in the financial services industry. Before joining Hannover Re, Jim held leadership roles at SCOR and Transamerica Re in life reinsurance sales and marketing, automated underwriting and annuity reinsurance.
Also, Jim served in a variety of roles at Transamerica Corp, Transamerica Commercial Finance and GE Capital, including investor relations, product management, business development and auditing.
Mike Reeves joined Hannover Re in 2007 and is currently in charge of business development and marketing for Partnership Solutions including hr | ReFlex. He has more than 20 years of combined experience in life and health insurance and reinsurance.
Previously at Hannover Re, Mike was focused on developing and delivering simplified, automated and alternative underwriting processes to insurance clients. Mike is a regular speaker at industry events focusing on innovations and automated underwriting solutions.
Reeves said: “Our current partnerships with some of the industry’s leading high-tech innovators enable life insurers to implement digital transformation faster and with less risk.
“We are particularly excited about the timing of the Partnership Solutions launch in advance of the InsureTech Connect conference in Las Vegas. In attending this conference, we look to expand our partnership capabilities even more by continuing to engage with the industry’s leading disrupters.”