Reinsurance Group of America (RGA) has introduced Aspire, a new health insurance administration platform in the UAE designed to enhance the management of health insurance portfolios.
Aspire, developed in collaboration with CarePay, is a licensed third-party administrator that offers an advanced platform for real-time data exchange and communication between insurers and stakeholders, adhering to general data protection regulation (GDPR) standards.
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The Aspire platform is engineered to improve the efficiency of claims processes and promote overall sustainability in health insurance administration.
By leveraging advanced technology, insurance companies can now offer better value to their insured members, stated RGA.
Aspire is available as a white-labelled digital platform or through licenced third-party administrator services.
RGA EMEA head and executive vice president Simon Wainwright said: “Aspire represents a groundbreaking advancement in how insurers manage their health portfolios in the Middle East.
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By GlobalData“By leveraging cutting-edge technology, this platform delivers exceptional value. We are proud to introduce this innovative digital solution that will redefine medical insurance administration across the region.”
RGA, a provider of life and health reinsurance, had approximately $4trn of life reinsurance in force and holds assets totalling $120.3bn, as of 30 September 2024.
Recently, RGA’s Ruby Re sidecar announced a total capital raise of $480m after completing its second funding round.
