Global reinsurance firm ParterRe has adopted iPipeline’s digital underwriting platform in order to grow its protection portfolio.
The collaboration marks iPipeline UK’s first integration with a reinsurer.
The solution will form part of PartnerRe’s enhanced life proposition.
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iPipeline’s platform will enable PartnerRe to host multiple insurer underwriting philosophies in a single engine, and facilitate fully underwritten comparison capability.
iPipeline’s SSG Digital Platform is a self-serve solution that supports the customer onboarding and servicing journey for protection, investments, annuities and pensions products.
Its underwriting module aims to reduce operational costs and increase efficiencies through its automation and self-serve capabilities.
Ian Teague, UK group managing director at iPipeline, said: “We are delighted that PartnerRe has selected the SSG Digital platform to enhance its underwriting capabilities.
“This new collaboration is a strategic long-term relationship that will drive mutual value for both parties.
“The SSG Digital Platform is designed to be flexible, so our partners can choose to adopt the end-to-end functionality or individual components, such as the underwriting modules.
“Our solution will help PartnerRe automate and streamline its underwriting processes and, ultimately, grow its protection business across Europe.”
Larry Berran, CEO of iPipeline, said: “iPipeline is intent on expanding the reach of our technology throughout the European Union.
“Our SSG Digital platform is world-class and provides a level of comprehensive capabilities, which are difficult to match by one solution provider.
“We are extremely pleased to have our platform selected by PartnerRe and look forward to supporting their growing needs today and in the future.”