A Landmark Deal in the World's Longest-Living Market

A Case Study in Japan Longevity Risk Management


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The Problem

A leading Japanese life annuity provider was seeking to reduce longevity risk and optimize its capital amid growing regulatory pressure. Operating in a country with one of the world's highest life expectancies, the client needed an innovative, first-of-its-kind solution to address solvency concerns, one that no reinsurer had yet delivered in Japan.

The Solution

RGA brought proven expertise from asset-intensive longevity transactions in other markets and combined it with deep local knowledge of the Japanese annuity market. The result was a coinsurance agreement to reinsure an approximately 700 billion JPY in-force block of individual life annuities, executed through a structure never before used in Japan.

Key Benefits

First-of-its-kind coinsurance transaction in the Japanese market
¥700 billion in longevity risk transferred, freeing capital for new business
A replicable model for Asia-Pacific longevity transactions
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The RGA Difference

RGA's long-standing local presence in Japan, combined with world-class technical expertise in executing asset-intensive longevity transactions globally, positioned it to deliver a solution that addressed both the client's solvency needs and its growth ambitions, a true milestone for the Asia-Pacific longevity market.

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Want to Learn More?

This is just one example of how RGA helps insurers grow with confidence. Want to see more success stories? Explore our other case studies or reach out to begin your insurance transformation journey.