Dec. 1, 2016 13:30 UTC
ORLANDO, Fla.--(BUSINESS WIRE)--
Hannover Life Reassurance Company of America “Hannover Re US” announces
a global strategic partnership and investment with Sureify Labs, Inc.
“Sureify”, an emerging insurtech organization that strives to bridge the
digital gap between insurers and their customers. The “LifeTime
Platform”, Sureify’s new enterprise software solution, enables life
insurers to acquire, engage and cross-sell throughout policyholders’
lifetimes on web and mobile applications.
Hannover Re’s automated underwriting solution, hr | ReFlex, will soon
integrate with Sureify’s LifeTime Platform. With the combined solutions,
insurers have the option to deploy a rules engine that supports
accelerated underwriting programs, enabling them to make the most
precise risk assessment decisions at the point of sale. Together,
Sureify and hr | ReFlex platforms give insurance carriers around the
world the technology they need to speed up digital transformation
initiatives that target the next generation of insurance buyers who
prefer web and mobile experiences.
“We are excited to work with Hannover Re US. The combination of their
open and modern technology platform, hr | ReFlex, deep insights into the
life insurance industry and ability to innovate and execute new ideas
have demonstrated their commitment to growing the life insurance
market,” said Dustin Yoder, CEO, Sureify.
Formed in 2012, Sureify focused their efforts on developing the LifeTime
Platform to facilitate and manage the next generation relationship
between life insurance carriers, their agents and policyholders through
web and mobile devices. The platform enables web and mobile solutions
for the quoting, application and fulfillment of insurance policies.
Additionally, the platform provides ongoing connectivity to the
policyholders’ mobile phones, health and wearable technology,
integration with consumers’ social networks and the option to engage
with them post-issue.
“The LifeTime Platform has the promise to truly revolutionize the life
insurance buying experience and post-policy issue customer engagement.
With Sureify’s technology, life insurance is more than a piece of paper
that sits in a drawer; it’s a socially engaging experience that supports
and encourages healthy lifestyles,” said Tony Laudato, vice president,
Partnership Solutions, Hannover Re US. “As our insurance carrier
partners develop the next generation of products enabling an enhanced
buying experience and agile underwriting processes, Hannover Re US will
support our insurance carrier partners with innovative reinsurance
coverages to help them smartly grow their top and bottom lines.”
About Hannover Re US
Hannover Life Reassurance Company of America (Hannover Re US), which is
licensed and/or accredited in all 50 states, the District of Columbia,
Puerto Rico and Guam, is the North American life and health reinsurance
subsidiary of the Hannover Re Group. Hannover Re, with gross premium of
around EUR 17 billion, is the third-largest reinsurer in the world. It
transacts all lines of property & casualty and life & health reinsurance
and is present on all continents with around 2,500 staff. Established in
1966, the Hannover Re Group today has a network of more than 100
subsidiaries, branches and representative offices worldwide. The rating
agencies most relevant to the insurance industry have awarded Hannover
Re very strong insurer financial strength ratings (Standard & Poor's AA-
"Very Strong" and A.M. Best A+ "Superior"). In 2016 Hannover Re
celebrates its fiftieth anniversary.
About Sureify Labs, Inc.
Sureify Labs, Inc. (Sureify) is a Silicon Valley based insurance
technology company. Sureify’s enterprise software team is comprised of
28 and has built the “Lifetime Platform” which puts the most effective
digital customer engagement tools in the hands of global insurers to
drive customer loyalty, new product creation, cross-selling, brand
recognition and better customer experience. Sureify conducts business in
North America, Asia, Europe – and is expanding into India, Africa and
Australia in 2017. Sureify sells directly to insurers and licenses the
Lifetime Platform to life insurance and Bank Assurance organizations
worldwide.
About the Investment
Hannover Re Group invests in Sureify Labs, Inc., receiving Series A
Preferred Stock. The direct shareholder is Hannover Finance (Luxembourg)
S.A., a wholly-owned subsidiary of Hannover Rück SE.
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