Asia Pacific

RGA has one of the most experienced underwriting teams of any reinsurer; the company is the worldwide leader in facultative underwriting, receiving more than 8 million cases since 1979.

• RGA’s innovative e-underwriting solutions can help your organization underwrite better, faster, and with greater consistency. Our flagship underwriting product, AURA, has the strongest underwriting rules service on the market, with thousands of underwriting rules covering impairments, medications, sports, prescription drug histories, avocations and treatments. 
• RGA offers the highly regarded Global Underwriting Manual, an Internet-based underwriting manual that is updated regularly based on the latest research. 
• RGA’s Australia and New Zealand team consists of consultant doctors dedicated to the region. These physicians are specialists in numerous fields, contribute significant underwriting and research capabilities, and are supported by a global network of consultant-doctors. 
• RGA also provides benchmarking studies to enable clients to compare underwriting teams with peers throughout the industry. 

Learn more on our underwriting page or meet the team.

RGA Australia and New Zealand initiated the Claims Management Paradigm Shift to raise disability assessment standards and improve outcomes for claims adjudicators industrywide. RGA claims and legal experts educate insurers through published articles and industry presentations, and worked directly with clients’ claims professionals to implement best practices and sustainable arrangements.

At RGA, we believe in the power of shared knowledge. In addition to the Claims Management Paradigm Shift, RGA:  

• Presents the latest insights, research and trends to client underwriters and actuaries through conferences and training opportunities.
• Offers the Global Learning framework, a proven risk management training program that can be tailored for underwriting, claims and related personnel at all experience levels.
• Supports the growth and success of the Australian and New Zealand insurance industries through participation in numerous insurance-related organizations and associations.

Visit the Knowledge Center to learn more about RGA’s research and insights. 

The Insurance (Prudential Supervision) Act 2010 requires RGA Reinsurance Company of Australia Limited (“RGAA”) to maintain a solvency margin. Under an exemption granted by the Reserve Bank of New Zealand, this solvency margin is to be calculated in accordance with the Australian equivalent of the solvency requirements and for the statutory fund containing the life insurance business carried on in New Zealand (all of the New Zealand business is included in RGAA Statutory Fund No. 2).

As at 31 December 2019, the Prescribed Capital Amount (“PCA”) required to be held by RGAA Statutory Fund No. 2 under the Australian capital standards was NZ$45.3m. The capital available to meet this requirement was NZ$91.5m, which was NZ$46.2m in excess of the PCA. The Australian equivalent of the solvency margin was therefore AU$44.3m. The available capital was 2.02 times the PCA. 

The above amounts are based on audited returns to the Australian regulator effective 31 December 2019.