Insurers face broader expectations on stress testing, collateral quality, recapture planning and reinsurer due diligence under the revised guidelines, which apply from July 1.
Amid Japanese regulatory resistance to reinsurance deals, Apollo is weighing deals for Japanese life units as it looks to deepen its presence through direct underwriting.
Underlying earnings improved even as equity‑sale gains faded, with strong international profitability and lower nat‑cat losses more than offsetting a softer Japan P&C result.
Reinsurer supports FSA’s proposed AIR rules, which would require Japanese life insurers to strengthen stress testing, oversight, and collateral management.
The draft guidance proposes stress tests for asset-intensive reinsurance deals, including recapture events and multiple reinsurer failures, to assess impacts on solvency and reserves.
