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TMG member Reliance Standard to acquire New York statutory insurer


23-08-2018
Reliance Standard Life Insurance Company (Reliance Standard), a member of the Tokio Marine Group, has agreed to acquire a key New York statutory insurer, increasing its share of the New York Disability Benefit Law (DBL) insurance to approximately 10 percent.
The acquisition of Standard Security Life Insurance Company of New York (SSL), a subsidiary of Independence Holding Company, has been agreed subject to customary closing conditions including regulatory approvals.
Founded in 1907, Reliance Standard specialises in absence and employee benefits solutions including financial protection, absence management and supplemental health, with a portfolio of insurance products that includes group disability, life, accident, critical illness, hospital indemnity, dental, vision, medical stop loss and limited benefit medical. Reliance Standard also operates in the fixed annuity market space, including indexed annuities. The group benefits segment wrote approximately $1. ....

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INDEPENDENCE HOLDING CO : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)


Independence Capital Corp. ( (ICC ) entered into a Stock
Purchase Agreement (the Purchase Agreement ) with
Reliance Standard Life
Insurance Company ( Reliance Standard ) to sell all of the issued and
outstanding capital stock of
Standard Security Life Insurance Company of New
York, an insurance company domiciled in the
State of New York and wholly owned
subsidiary of ICC ( Standard Security ), for an aggregate purchase price of
$180
million in cash. In addition, in accordance with the Purchase Agreement, at
closing, Standard Security will make a dividend to ICC in an amount equal to the
excess of the aggregate statutory capital and surplus of Standard Security as of ....

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Reliance Standard Expands Integrated Customer Experience and Technology Solutions With Matrix to Include Voluntary Supplemental Health Products


Posted on
288
Reliance Standard Life Insurance Company (Reliance Standard) announced today it has expanded its customer experience, supported by Matrix Absence Management’s technology and service platform, to include voluntary supplemental health products, including Accident, Critical Illness and Hospital insurance.
“The employee experience is how we distinguish ourselves as an enterprise,” said Mark Marsters, president of Matrix and chief operating officer, group benefits, for Reliance Standard. “We see it every day. Whether it’s a routine pregnancy, a child’s broken arm or a spouse is diagnosed with an illness, we want to make sure there is just one person to call to manage that important event, regardless of what benefit or entitlement applies.” ....

United States , David Gittelman , Mark Marsters , Ann Marie Leary , Gordon Smith , Marketing Communications , Reliance Standard Life Insurance Company , Tokio Marine Holdings Inc , Am Best , Tokio Marine Group , Reliance Standard , Matrix Absence Management , Critical Illness , Matrix Absence , Absence Management , Tokio Marine , Tokio Marine Holdings , Nichido Fire , ஒன்றுபட்டது மாநிலங்களில் , டேவிட் கிட்டெல்மேன் , குறி மார்ஸ்டர்கள் , ஆண்டு மேரி லீரி , கோர்டந் ஸ்மித் , சந்தைப்படுத்தல் தகவல்தொடர்புகள் , நம்பகத்தன்மை தரநிலை வாழ்க்கை காப்பீடு நிறுவனம் , டோக்கியோ கடல் ஹோல்டிங்ஸ் இன்க் ,

Spraoi's Machine Learning Solution Deployed for Reliance Standard's Retirement Services Operations


Spraoi s Machine Learning Solution Deployed for Reliance Standard s Retirement Services Operations
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ARDMORE, Pa., Jan. 26, 2021 /PRNewswire/ Spraoi announced today that Reliance Standard Life Insurance Company (Reliance Standard) successfully deployed models for the identification of operational inconsistencies (e.g. churning, anomalous activity) across new business and in-force transactions within their block of traditional and indexed annuity business. The Spraoi solution now provides visibility into transactions for increased scrutiny for all Reliance Standard s annuity products. The scope of this project was to complete a review of Reliance Standard s historical transactions to develop models that will identify transactions that should be further analyzed. The successful completion of this program provides Reliance Standard with a tool to screen all transactions, increasing safeguards for their customers. ....

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