ST. LOUIS--(BUSINESS WIRE)--Nov. 1, 2023-- Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced that it received the 2023 Outstanding Reinsurance Scheme Award from the Hong Kong Federation of Insurers and was named Life Reinsurer of the Year in the 27th Asia Insurance Industry Awards 2023, organized by Asia Insurance Review. RGA also won the Innovation of the Year award for its simplified issue expansion project (SEP) in South Korea, a market-first data-driven automated underwriting solution optimizing sales, risk management, and the customer journey.
“It is an incredible honor to be recognized as the leading life reinsurer in the region. These awards are a tribute to RGA employees’ dedication to superior client service,” said Arthur Ozeki, Executive Vice President, Head of Asia Pacific, RGA. “The partnership between RGA and our clients is an indispensable part of the work we do. We would not be here without our clients, and we are very grateful for their trust and the opportunity to work with them to expand financial protection.”
The Outstanding Reinsurance Scheme Award, presented at the 2023 Hong Kong Insurance Awards, is given to the reinsurer that has developed the most distinguished reinsurance scheme and provides superior service and security to clients, as well as value-added offerings to insurers.
Asia Insurance Review assembled a panel of judges, representing a cross-section of the industry, who selected RGA for Life Reinsurer of the Year and Innovation of the Year. RGA stood out for its creative, yet pragmatic, approach to innovation and client collaboration. Its market-leading solutions optimize the insurance value chain and expand insurance coverage to more consumers, including the underserved and uninsured. RGA has been named Life Reinsurer of the Year for five of the past seven years.
In addition to these latest recognitions, RGA also was ranked #1 by ceding companies in the Asia region on NMG Consulting’s 2023 All Respondents Business Capability Index.
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus – all directed toward creating sustainable long-term value. RGA has approximately $3.5 trillion of life reinsurance in force and assets of $89.0 billion as of June 30, 2023. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.
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Source: Reinsurance Group of America, Incorporated