New Contract Signed with Pacific Life Re to support the Ocean Underwriting Manual
24th September 2008
We are delighted to announce that we have reached agreement with Pacific Life Re (PLR) the specialist life reinsurer, to provide support services for Ocean their new underwriting manual.
TCP were awarded this contract due to our focus on providing systems and services to Life, Health & Pensions product providers and for our special interest in expert underwriting systems.
About Ocean:
Ocean, a significant upgrade to their previous product Ascent is Pacific Life Re’s Web-based underwriting guide, offering an outstanding combination of high quality technical content and practical ease of use. Ocean was developed with the direct input and support of Pacific Life Re clients and incorporates:
• Swift, simple navigation, reaching the relevant ratings as quickly as possible;
• Straightforward, credible ratings guidance based on sound principles;
• Comprehensive, up to date content; and
• Effective use of Web-based technology.
Ocean covers a comprehensive range of products including life, critical illness, total and permanent disability, income protection and hospital expenses.
About Pacific Life Re:
Pacific Life Re is a specialist life reinsurer offering a comprehensive range of reinsurance solutions and support to insurance clients in the UK, Ireland and Asia.
Pacific Life Re was created following the acquisition by Pacific LifeCorp of the International Segment of Scottish Re in July 2008. As part of the Scottish Re Group, we had built a strong experienced team and earned a reputation for technical excellence, responsiveness, innovation and excellence in service delivery to our clients who included some of the UK’s leading insurance providers.
Pacific Life Re Limited is a wholly-owned subsidiary of Pacific LifeCorp, the parent company of Pacific Life Insurance Company.
Commenting, Matthew Clark CEO of TCP LifeSystems said
“We are very pleased to have been awarded this contract. Ocean, being an electronic underwriting manual is directly complementary to our own Copernicus SS/G Expert Underwriting Module which automates the actual operation of a client’s underwriting philosophy and rules.”
