TAI closes deal in the UK

Illinois-based reinsurance administration software provider TAI has announced it has closed a milestone deal in the U.K. through which TAI’s platform will power the company’s first longevity reinsurance administration system.

Established in 1985, TAI which is part of RGAX provides software and reinsurance service solutions for more than 90% of North American insurers, consisting of some of the world’s largest life insurance and reinsurance brands. Through the platform, clients can self-report all reinsurance business, both ceded and retroceded, in an electronic format to share with their reinsurance partners.