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RGA signs two Japan block coinsurance deals with Sumitomo Life and Anshin Life
The agreements cover reinsurance of blocks of whole life policies, with RGA describing the moves as part of Japan insurers’ push to improve capital efficiency.
RGA has completed two block coinsurance agreements in Japan with Sumitomo Life Insurance Company and Tokio Marine & Nichido Life Insurance Co., Ltd., also known as Anshin Life, covering reinsurance of blocks of whole life policies.
The reinsurance transactions are intended to support insurers’ risk management, strengthen financial flexibility, and help maintain policyholder value over the long term, according to Reinsurance News.
RGA said the deals reflect a growing role for coinsurance arrangements in Japan as insurers look for additional options to manage in-force portfolios, improve capital efficiency, and address changing business requirements.
In separate guidance on the arrangements, RGA noted that its Sumitomo Life deal is its first block coinsurance arrangement, and it also pointed to prior block reinsurance collaborations with Anshin Life completed in 2024 and 2025, as the company expands its Japan presence.