Agreements reached under this partnership
Capital and Business Alliance- 1
Conduct a reinsurance transaction covering the insurance underwriting risks under pre-privatization contracts.
- 2
SCOR will establish, invest in and operate a reinsurance vehicle for risk management purposes. The reinsurance vehicle is expected to assume the relevant insurance underwriting risks from Japan Post Insurance and insurance underwriting risks from SCOR in order to diversify risk.
- 3
Japan Post Insurance will invest in the reinsurance vehicle to ensure its financial soundness. This is expected to ensure that the ceded reinsurance contracts are appropriately managed by the assuming reinsurer.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact on Japan Post Insurance’s results is currently under review. Japan Post Insurance will promptly disclose any matters requiring disclosure.
| Item | Details |
|---|---|
| Name of alliance partner | SCOR SE |
| Alliance partner's business activities | Provides diverse and innovative reinsurance and insurance solutions and services for managing risk. |
| Alliance partner's location | Paris, France |
| Alliance partner's net sales | 2025: €15.4 billion in insurance revenue |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Conduct a reinsurance transaction covering the insurance underwriting risks under pre-privatization contracts., SCOR will establish, invest in and operate a reinsurance vehicle for risk management purposes. The reinsurance vehicle is expected to assume the relevant insurance underwriting risks from Japan Post Insurance and insurance underwriting risks from SCOR in order to diversify risk., Japan Post Insurance will invest in the reinsurance vehicle to ensure its financial soundness. This is expected to ensure that the ceded reinsurance contracts are appropriately managed by the assuming reinsurer. |
| Shareholding ratio | Not disclosed → Below 50% |
| Overview of the joint venture | Reinsurance vehicle, scheduled to be established by SCOR. Name, location, business activities and capital contribution: not disclosed. |
| Ownership ratio | Japan Post Insurance’s voting rights ratio is expected to be less than 50%. SCOR’s investment ratio: not disclosed. |
| Date of board resolution | 10 July 2026 |
| Alliance start date | Expected to commence subject to a final agreement and the receipt of the necessary regulatory approvals. Specific date: not disclosed. |
| Impact on Business Performance | The impact on Japan Post Insurance’s results is currently under review. Japan Post Insurance will promptly disclose any matters requiring disclosure. |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To diversify the insurance underwriting risks under pre-privatization contracts through reinsurance, diversify risk by having the reinsurance vehicle assume the insurance underwriting risks of Japan Post Insurance and SCOR, ensure the reinsurance vehicle’s financial soundness, and ensure that the ceded reinsurance contracts are appropriately managed by the assuming reinsurer.