PartnerRe has established a new partnership with Ladder, which pioneered the use of machine learning to instantly underwrite life insurance online.

Ladder created a streamlined, ten-minute digital process to help modern consumers care for their families.

Chris Shanahan, president of PartnerRe Life Reinsurance Company of America, 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.”

Jaime Hale, CEO of Ladder, said: “We’re proud to be extending our reinsurance relationships through a new partnership with PartnerRe. True innovation in life insurance must happen on all fronts – great risk, great pricing, great customer experience. We’re thrilled about the things we can achieve in working together.”