East Asian Insurance Day
（Oct. 11, 2013）
One of the most important activities of the General Insurance Association of Japan (GIAJ) is to promote mutual understanding and interchanges with overseas general insurance markets through the exchange of information and opinions, including active participation in the East Asian Insurance Congress (EAIC), which is the biggest international insurance conference in Asia.
On the occasion of the East Asian Insurance Day, which was launched in 2006 by the EAIC to help the public gain a better understanding of the role of insurance in East Asia, Mr. Masaya Futamiya, Chairman of the GIAJ delivered a message simultaneously both at home and abroad.
In addition, we are delighted to share with you a message from Mr. Jack Tai, Chairman of the Non-Life Insurance Association of the R.O.C, to the Japanese insurance market, the Japanese translation of which will appear in insurance business papers in Japan.
East Asian Insurance Day
On the occasion of the East Asian Insurance Day, established by the East Asian Insurance Congress (EAIC), I would like to offer my views and expectations of the EAIC, and report on recent related GIAJ initiatives.
The East Asian Insurance Day, which is to be held on October 18th, will mark its 7th anniversary this year since being designated as a memorial day when the EAIC was launched in Tokyo back in 1962. On the East Asian Insurance Day, EAIC member cities carry out their own initiatives to promote understanding of the role and importance of insurance in society as well as the activities of the EAIC. The GIAJ, for which I'm serving as chairman, has implemented various activities related to the East Asian Insurance Day following its concept. I am pleased that the East Asian Insurance Day has become well-established in member cities.
The EAIC, which held its first conference with only 20 international participants in Tokyo in 1962, has grown into the largest insurance conference in Asia with over a thousand insurance experts in attendance nowadays.
Mr. Taizo Fukumuro of Dai-ichi-life Insurance Company, who worked on establishing the EAIC, wrote about the objective of the EAIC in his notebook. He said that it was to contribute to the development of the insurance industry through discussions on the status of each market and the exchange of opinions among members. He also said that it was important to create good relationships among members and to exchange significant information in an informal manner. With such goals in mind, a session in which members introduced their own market information was held during the 1st EAIC meeting. Common interests among members were found through this session, and some of them were used as themes at following EAIC meetings. Market reports, which are implemented by chief delegates of member jurisdictions at the beginning of the EAIC, follow on from the market introductions and provide good opportunities to further understand member jurisdictions. I believe that such empathy among members has made it possible to keep holding the EAIC for more than 50 years.
The GIAJ implements various activities with the objective of "promoting the sound development and maintaining the reliability of the general insurance business in Japan". As one of our activities, the GIAJ has been running the Insurance School of Japan (ISJ), an international insurance technical assistance program for East Asian insurance professionals, since 1972. East Asian Insurance Day reminds me that the ISJ was established upon the request of the EAIC and the recommendation of the UNCTAD.
We will use the East Asian Insurance Day to promote understanding of its importance and the roles played by the EAIC to the general public both at home and abroad. Specifically, we will:
1) introduce the purpose, history and activities of the EAIC on the display boards at the GIAJ headquarters
2) utilize the GIAJ's website and insurance business publications for communications and public affairs
3) contact ISJ graduates in 15 Asian regions (whose total number exceeds 1,700) to encourage them to attend the 27th EAIC Conference.
I hope that the East Asian Insurance Day serves as a good opportunity for all people who work in the industry to reaffirm the role and importance of insurance, and promote public understanding of it.
East Asian Insurance Day - To The Japanease Insurance Industry Workforce -
It is the third time in the EAIC history that Taipei is hosting the EAIC Conference. This will be the 27th EAIC, which will be held from 2nd to 6th November, 2014 at the Taipei International Convention Center, Taipei, Taiwan. On behalf of the insurance community in Taiwan, it is an honor and privilege for me to extend my invitation to the insurance practitioners in Japan and elsewhere to join us at the forthcoming congress.
No doubt we in our industry are proud of the great contributions insurance has made to the economic growth and social welfare in most countries, nevertheless insurance industry is not spared from the impacts of backdrops of financial instability. Enhancement of the quality of a healthy and robust industry therefore become so vital in fighting the challenges brought on us. Challenges arising out of economic turndown, aging population, high unemployment, climate change and an increasing number of natural catastrophes, etc., all require efforts and commitments from us to explore solutions.
The 27th EAIC will certainly, as in the past, provide a great opportunity for all insurance practitioners to meet and share views on battling the challenges we are facing and to foster mutual understanding and friendship among us. The selected subjects of mutual interests will be discussed to achieve the long-established objectives of EAIC to further and develop international collaboration.
Other than serving as a platform for exchanging ideas and information and meeting with old and new friends, it is also a great opportunity for all delegates to experience the beauty of Taipei City, including some cultural attractions and a plenty of scrumptious local foods. I am confident that the delegates will enjoy their stay in Taipei during the period of the upcoming EAIC.
I look forward to welcoming you in Taipei in Nov. 2014.