Latest news with #RGA
Arabian Business
17 hours ago
- Automotive
- Arabian Business
Saudi Arabia introduces major new road code
Saudi Arabia's Roads General Authority (RGA) has unveiled the Saudi Road Code, a unified system for classifying roads across the Kingdom. The initiative aims to boost road safety, improve urban mobility, and ensure infrastructure readiness for future technologies, including autonomous vehicles. The newly issued code is part of the Kingdom's broader efforts to enhance quality of life and modernize its transport network as outlined in Vision 2030. Saudi Road Code roadways key types Highways: High-speed routes with full access control, no direct intersections, and no traffic signals—connecting cities and governorates Arterial Roads: Major roads within cities designed to handle high traffic volumes, equipped with controlled intersections and signals Collector Roads: Connect residential areas to main arterial routes, channelling local traffic efficiently Local Roads: Low-speed roads serving neighbourhoods and commercial areas with light traffic and an emphasis on safety The RGA described the code as a comprehensive technical reference for all government entities involved in planning, building, operating, and maintaining roads. This includes ministries, municipalities, city development authorities, and governorates. In addition to defining road categories, the code provides detailed technical guidance, including: Planning and design protocols Operational and maintenance procedures Environmental considerations Safety and sustainability standards Compatibility with autonomous vehicle infrastructure Technical drawings, checklists, and performance benchmarks By implementing this unified standard, Saudi Arabia is taking a significant step toward creating a safer, more efficient, and future-ready road network, aligned with its national development goals.
Business Wire
10-06-2025
- Business
- Business Wire
RGA and SOA Research Institute Release Comprehensive Study on Retirement Readiness in Japan
TOKYO--(BUSINESS WIRE)--The Society of Actuaries (SOA) Research Institute, in collaboration with Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today released a new report titled 'Retirement Readiness in Japan: Financial Security and Risk Perceptions.' The study provides critical insights into the evolving retirement landscape in Japan, offering valuable information for insurers, policymakers, and financial advisors. This research underscores the urgent need for innovative retirement solutions that address both income security and health-related financial risks. Share The study, based on a November 2024 joint consumer survey conducted by the SOA and RGA among 750 Japanese respondents across three age groups (Prime Age Workers: ages 30-45, Pre-Retirees: ages 46-59, and Retirees: ages 60-75), reveals a maturing retirement system facing significant demographic pressures. With nearly 29% of Japan's population aged 65 or older 1, the need for robust retirement planning and financial products is more critical than ever. Key findings: Financial Literacy: 17% of respondents reported no knowledge at all about investment and financial products, and 42% indicated 'not very knowledgeable.' Generational Divide in Planning: Retirees show significantly higher engagement in retirement planning compared to younger cohorts, with 37% of Prime Age Workers and 45% of Pre-Retirees not having done any retirement planning. Post-Retirement Concerns about Factors Outside of Individual's Control Dominate: 90% of respondents consider tax increase and impact of an aging society on government support as their top concerns. Source of Retirement Income: Prime Age Workers and Pre-Retirees are not confident that their retirement savings are sufficient; 89% of them expect to rely on full- or part-time job earnings as part of their retirement income. Preference on Financial Products with Guaranteed or Fixed Income: Guaranteed income for life (43%) and fixed income throughout retirement (39%) are considered top financial/investment product features for retirement income, indicating preference for risk-averse options. Significant Interest in Annuity Products: 73% of respondents expressed interest in annuities with increased payments for critical illness or disability or tax-deferred annuity (65%). Improved Engagement in Retirement Planning Since 2018: Overall engagement has improved. Willingness to buy lifetime income products increased from 22% in 2018 to 35% in 2024. Respondents who are very involved in managing their retirement savings increased significantly from 21% to 50%. 'This research underscores the urgent need for innovative retirement solutions that address both income security and health-related financial risks,' said Hironori Takahashi, Chief Executive Officer, RGA Japan. 'The findings reveal significant opportunities for the insurance industry to develop tailored solutions that address the evolving needs and enhance financial security for Japan's rapidly aging population of retirees.' 'This report provides insights on the generational differences in retirement preparedness,' said R. Dale Hall, FSA, MAAA, CERA, CFA, Managing Director of Research, SOA Research Institute. 'Our study reveals that while 59% of Retirees review their social pension benefits, only 23% of Pre-Retirees and 17% of Prime Age Workers do so. Also, 37% of Prime Age Workers and 45% of Pre-Retirees haven't done any retirement planning at all. We encourage proactive retirement strategies across all age groups, working with employers, insurers, and policymakers.' The full report offers in-depth analysis of retirement perceptions, planning behaviors, income sources, and risk management strategies, providing a comprehensive view of retirement readiness in Japan. For more information about the study, access the full report. About RGA Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world's largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $4.0 trillion of life reinsurance in force and assets of $128.2 billion as of March 31, 2025. To learn more about RGA and its businesses, please visit or follow RGA on LinkedIn and Facebook. Investors can learn more at About the Society of Actuaries With roots dating back to 1889, the Society of Actuaries (SOA) is the world's largest actuarial professional organization with more than 34,000 actuaries as members. The SOA's vision is for actuaries to be the leading professionals in measuring and managing risk. To learn more, visit The SOA Research Institute provides objective, data-driven research bringing together tried and true practices and future-focused approaches to address societal challenges and your business needs. It provides trusted knowledge, extensive experience and new technologies to help effectively identify, predict and manage risks. Visit
Zawya
09-06-2025
- Automotive
- Zawya
Saudi RGA deploys largest AI-powered road inspection fleet
Saudi Roads General Authority (RGA) has launched the largest and most advanced AI-powered road inspection fleet in the world for the Hajj season. This fleet consists of 18 high-tech units utilising five state-of-the-art technologies, all aimed at improving road safety, enhancing quality, and ensuring an exceptional experience for pilgrims. It includes specialised equipment for scanning surface damage, measuring the International Roughness Index (IRI), assessing pavement layer thickness, evaluating structural deflection, and testing skid resistance. As the national regulator of Saudi Arabia's road sector, RGA said it aims to elevate the quality of roads in the kingdom to rank sixth globally by 2030 and reduce road fatalities to fewer than five per 100,000 people. Saudi Arabia currently boasts the world's leading intercity road connectivity, with a total network exceeding 73,000km. On the new fleet, RGA said its key highlights include seven surface damage scanners equipped with high-resolution cameras, laser units, GPS, and data storage systems for precise analysis and immediate maintenance decisions, especially critical on routes to the key sites. Four IRI units evaluate road smoothness and driving comfort using laser sensors. Another three use multi-frequency radar to check pavement layer thickness, while another three measure road deflection under traffic loads using advanced sensor systems. A single skid resistance unit simulates rainy conditions to test friction levels and ensure safety in adverse weather. The fleet is completed by a mobile digital imaging scanner that inspects unpaved elements such as road signs and safety barriers, assisting in identifying potential risks and optimising maintenance planning. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Web Release
07-06-2025
- Automotive
- Web Release
Saudi Roads Authority Deploys World's Largest AI-Powered Road Inspection Fleet During Hajj
To prepare for this year's Hajj season, the Saudi Roads General Authority (RGA) has launched the largest and most advanced AI-powered road inspection fleet in the world. This fleet consists of 18 high-tech units utilising five state-of-the-art technologies, all aimed at improving road safety, enhancing quality, and ensuring an exceptional experience for pilgrims. The fleet includes specialized equipment for scanning surface damage, measuring the International Roughness Index (IRI), assessing pavement layer thickness, evaluating structural deflection, and testing skid resistance. Among the highlights are seven surface damage scanners equipped with high-resolution cameras, laser units, GPS, and data storage systems for precise analysis and immediate maintenance decisions, especially critical on routes to the holy sites. Four IRI units evaluate road smoothness and driving comfort using laser sensors. Another three use multi-frequency radar to check pavement layer thickness, while another three measure road deflection under traffic loads using advanced sensor systems. A single skid resistance unit simulates rainy conditions to test friction levels and ensure safety in adverse weather. The fleet is completed by a mobile digital imaging scanner that inspects unpaved elements such as road signs and safety barriers, assisting in identifying potential risks and optimising maintenance planning. The Roads General Authority, the national regulator of Saudi Arabia's Road sector, aims to elevate the quality of roads to rank sixth globally by 2030 and reduce road fatalities to fewer than five per 100,000 people. Saudi Arabia currently boasts the world's leading intercity road connectivity, with a total network exceeding 73,000 kilometres. For further inquiries, please contact: [email protected]
Mid East Info
07-06-2025
- Automotive
- Mid East Info
Saudi Roads Authority Deploys World's Largest AI-Powered Road Inspection Fleet During Hajj - Middle East Business News and Information
Mecca To prepare for this year's Hajj season, the Saudi Roads General Authority (RGA) has launched the largest and most advanced AI-powered road inspection fleet in the world. This fleet consists of 18 high-tech units utilising five state-of-the-art technologies, all aimed at improving road safety, enhancing quality, and ensuring an exceptional experience for pilgrims. The fleet includes specialized equipment for scanning surface damage, measuring the International Roughness Index (IRI), assessing pavement layer thickness, evaluating structural deflection, and testing skid resistance. Among the highlights are seven surface damage scanners equipped with high-resolution cameras, laser units, GPS, and data storage systems for precise analysis and immediate maintenance decisions, especially critical on routes to the holy sites. Four IRI units evaluate road smoothness and driving comfort using laser sensors. Another three use multi-frequency radar to check pavement layer thickness, while another three measure road deflection under traffic loads using advanced sensor systems. A single skid resistance unit simulates rainy conditions to test friction levels and ensure safety in adverse weather. The fleet is completed by a mobile digital imaging scanner that inspects unpaved elements such as road signs and safety barriers, assisting in identifying potential risks and optimising maintenance planning. The Roads General Authority, the national regulator of Saudi Arabia's Road sector, aims to elevate the quality of roads to rank sixth globally by 2030 and reduce road fatalities to fewer than five per 100,000 people. Saudi Arabia currently boasts the world's leading intercity road connectivity, with a total network exceeding 73,000 kilometres.
