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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Predicting the future can be challenging while trying to stay aligned with current trends. To thrive in the highly competitive life insurance industry, it is essential to implement a strategic underwriting solution that is designed for both present needs and future challenges. AURA NEXT goes beyond a standard rules engine; it is a cloud-based decision management platform that is prepared for the future. At the point of sale, AURA NEXT delivers the most accurate and comprehensive decisions swiftly through data-driven underwriting and smooth integration with various front and back-end processes. As consumer preferences evolve, it is crucial to have agile and secure underwriting technology that ensures preparedness for future demands. Built on the robust Amazon Web Services (AWS) cloud, AURA NEXT can efficiently manage fluctuating demands, boasts impressive scalability, and seamlessly connects with existing legacy systems while accommodating multiple distribution channels. Additionally, its data visualization capabilities offer valuable insights, allowing for the extraction of meaningful metrics and key performance indicators that facilitate informed and strategic operational decisions. Consequently, organizations using AURA NEXT can enhance their competitive edge and adapt to the ever-changing landscape of the life insurance market.

Description

In order to enhance underwriting, risk transfer, and pricing strategies in a market that is increasingly complex, (re)insurers require advanced modeling software that provides quicker analytics, enriched insights, and streamlined workflows. Establishing Risk Modeler™ as the core of your integrated risk lifecycle offers this crucial advantage. With improved modeling transparency, flexibility, and customization, you can gain a better understanding of risk drivers. By incorporating third-party modeling, you can lower expense ratios, boost productivity, and refine risk insights. Additionally, the cloud-native architecture facilitates the development of innovative digital workflows that adapt to changing business needs. Risk Modeler boasts the capability to execute over 400 Moody’s RMS models, along with more than 300 models accessible through the Nasdaq platform, covering various regions, perils, and lines of business on a unified cloud infrastructure. This powerful tool positions (re)insurers to not only meet but exceed the demands of a dynamic market landscape.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

HurLoss

Integrations

HurLoss

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Reinsurance Group of America

Country

United States

Website

www.rgare.com/aura-next

Vendor Details

Company Name

Moody's Corporation

Founded

1909

Country

United States

Website

www.moodys.com/web/en/us/who-we-serve/insurance/intelligent-risk-platform/risk-modeler.html

Product Features

Insurance Policy

Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management

Product Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

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