RGA built on stability in EMEA operations to strengthen core business lines and pursue emerging opportunities for future growth.

Life Reinsurance In Force


Total Revenues


Net Premiums



RGA’s Europe, Middle East, and Africa (EMEA) operations serve clients from offices in France, Germany, Ireland, Italy, the Netherlands, Poland, South Africa, Spain, the United Arab Emirates, and the United Kingdom. The segment’s principal areas of focus include individual and group life, credit life and living benefits, health, distribution, longevity, and capital solutions.

EMEA operations enjoyed a successful year, generating pre-tax income of $303 million, a 20% increase over 2018. Diversified earnings growth featured strong contributions from both traditional and financial solutions lines. For the seventh consecutive year, ceding companies ranked RGA #1 on NMG Consulting’s 2019 All Respondent Business Capability Index (BCI) for the EMEA region in aggregate. RGA also ranked #1 on NMG’s All Respondent BCI in Continental Europe, Italy, the Netherlands, Poland, South Africa (for the 10th consecutive year), and the U.K.

Marc Burgess, Anja Kuys, Jared Godwin, and Ola Oyekan, Ph.D.
From left, from RGA South Africa: Marc Burgess, Research and Development Actuary; Anja Kuys, Research and Development Actuary; Jared Godwin, Business Development Actuary; Ola Oyekan, Ph.D., Microinsurance Specialist.

The EMEA team delivered consistent growth in traditional business lines in 2019. With a spike in re-tendering activity among insurers in the U.K., RGA worked to garner a leading share of expected new market premium and maintained its position as the market leader in new mortality business. In Italy, RGA built on recent years’ momentum, particularly in credit life and health reinsurance, and was named Best Reinsurer for Life & Health Protection at the 2019 Italy Protection Awards & Forum. Health was also a major growth driver in the Middle East as insurers adjusted to compulsory coverage and other healthcare reforms. The French team created new opportunities through innovation, such as employing robotic process automation (RPA) to improve underwriting efficiency.

Two market milestones – RGA’s 10th anniversary in the Netherlands and 20th in South Africa – accompanied strong performances by both offices. The Dutch team produced an exceptional year as transactions in both traditional and longevity businesses fueled earnings alongside ongoing organic growth.
In South Africa, RGA strengthened its leadership position, building on sustained business momentum and executing a number of capital relief transactions, as well as a large distribution arrangement with an affinity partner.

New business acquired through transactions in 2019 and solid performance from existing blocks produced another strong year for Global Financial Solutions (GFS) in EMEA. In Ireland, RGA executed its first euro-denominated asset-intensive transaction and, in the process, developed capabilities to facilitate similar transactions moving forward. Increased need for pension risk transfer solutions drove longevity business, primarily in the U.K. and the Netherlands, and RGA continued to work with clients in structuring capital-solutions transactions to help meet solvency requirements. At year-end, the GFS transaction pipeline in EMEA remained active, fueled by demand for longevity risk solutions and capital optimization strategies.

EMEA Operations Net Premiums

(in millions USD)

RGA 2019 Net Premiums EMEA

Leadership Q&A

Olav Cuiper

Executive Vice President, Head of EMEA

Olav Cuiper

How does RGA’s life and health focus benefit clients?

RGA is the only global reinsurer focused exclusively on life and health, which means our clients benefit from the best of both worlds: the breadth in capabilities and resources of a global enterprise and the depth of subject matter expertise that comes with industry specialization. In EMEA, our life and health concentration increasingly sets us apart. Consistent focus prevents distraction by other priorities and drives us to relentlessly improve what we already do well and to conceive and test bold new ideas. As a result, life and health insurers receive expertly developed, customized solutions to meet their unique needs.

How does RGAX help advance the work of RGA in EMEA?

As RGAX has grown and taken a broader regional approach throughout EMEA, we have continued to integrate the work of our teams in pursuit of shared goals. While most of our markets are mature, reaching underserved consumers remains a universal challenge and requires new ways to bring products to market and accelerate the insurance process. RGA and RGAX together are uniquely positioned to connect insurers, technology companies, and distribution channels. In Spain and Germany, for example, we are applying digital tools to diverse distribution networks – from brokers to banks to retail stores – to expand the insurance ecosystem and facilitate the customer journey.

What is your team’s vision for RGA EMEA in the years ahead?

Our core business lines have successfully matured and now provide stability and consistent results for our clients, year after year. As we work to strengthen this foundation, we also look to the future and are partnering with clients to anticipate – and help lead – the evolution of the industry. In 2019, the EMEA team developed a strategic vision to guide and align our efforts moving forward. With people and resources now dedicated specifically to creating forward-thinking solutions, we are better equipped to execute new opportunities as they arise and to build tomorrow’s growth engines for RGA and our client partners.