Record-breaking Longevity Reinsurance Deal Between RGA and Japan Post Insurance
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RGA Signs Record 700 Billion JPY Longevity Reinsurance Deal with Japan Post Insurance
Reinsurance Group of America (RGA) has recently inked a monumental reinsurance agreement with Japan Post Insurance, totaling an impressive 700 billion JPY. This historic deal signifies a game-changing move in the industry, demonstrating a strategic partnership focused on managing longevity risks effectively.
The coinsurance arrangement covers a substantial block of individual life annuities, showcasing the innovative approach adopted by RGA and Japan Post Insurance. This collaboration exemplifies a new industry standard and emphasizes the importance of strategic alliances in optimizing risk management strategies.