The Japan Financial Services Agency published a draft partial revision to the Comprehensive Supervisory Guidelines for Insurance Companies and opened it for public comment, aiming to update supervisory expectations in response to insurers’ growing use of reinsurance. The draft reflects recent trends in which life insurance companies have expanded reinsurance transactions to transfer risks and make use of reinsurers’ operational capabilities. The revisions are intended to promote more sophisticated risk management at individual insurers and to clarify the supervisory approach already set out in the existing guidelines, with specific changes provided in the attached comparison materials. Comments are due by 17:00 on 11 May 2026, after which the agency plans to promulgate and implement the revised guidelines following the necessary procedures.
Japan Financial Services Agency 2026-04-08
Japan Financial Services Agency consults on revisions to insurance supervisory guidelines to address expanding reinsurance use
The Japan Financial Services Agency has published for comment a draft partial revision to the Comprehensive Supervisory Guidelines for Insurance Companies to update supervisory expectations in light of insurers’ growing use of reinsurance. The revisions aim to promote more sophisticated risk management at individual insurers and clarify the existing supervisory approach to reinsurance transactions.