Ladder, which uses machine learning to underwrite life insurance, has formed a partnership with PartnerRe.
The deal will enable the companies to work together to drive “great risk, great pricing, great customer experience.”
Founded in 2015, Ladder streamlines life insurance underwriting and helps consumers access more affordable policies.
The platform offers policies and quotes within minutes and prices are locked in, no matter how much a holder’s health changes.
PartnerRe president Chris Shanahan said, “We could not be more excited for the opportunity to work with the team at Ladder and their existing partners. The progress that they have made together is impressive and we’re eager to contribute, and support Ladder’s future growth.
“We believe that innovation is fundamental to our industry’s ability to meet consumers’ needs and this new partnership underlines our commitment to supporting our clients as they evolve to grow their business.”
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