Japan Post Insurance shifts life risks to SCOR vehicle with partnership

The French reinsurer will establish a fund and operate the dedicated entity.

Japan Post Insurance Co., Ltd. and French reinsurer SCOR SE have agreed to collaborate on managing life insurance risks through a new joint investment vehicle.

Under the agreement reached on 10 July 2026, Japan Post Insurance intends to transfer the underwriting risks of its Postal Life Insurance policies to a dedicated reinsurance vehicle. 

This entity will be established, funded, and operated by SCOR to assume risks from both companies, providing mutual risk diversification benefits.

Japan Post Insurance also plans to invest directly in the reinsurance vehicle to support its financial stability, under the expectation that SCOR will manage the transferred contracts.

The two companies will continue negotiations to finalise the transaction details and investment terms.

The launch remains subject to a definitive agreement, as well as obtaining the required regulatory approvals and licences. 
Both firms have stated that a formal disclosure will be issued once the final investment decision is confirmed.