East Asian Insurance Day
（Oct. 17, 2014）
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. Kengo Sakurada, the Chairman of the GIAJ,and Mr.Hisahito Suzuki the EAIC Executive Board Member for Tokyo,have 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, whose Japanese translation will appear in the Japanese insurance business papers.
East Asian Insurance Day
On the occasion of East Asian Insurance Day (October 18th), which was established by the East Asian Insurance Congress (EAIC), I would like to offer greetings and report on recent related General Insurance Association of Japan (GIAJ) initiatives.
With the purpose of promoting insurance in each region, and broadening understanding of EAIC activities, East Asian Insurance Day was enacted at the 23rd congress held in Bandar Seri Begawan, Brunei in 2006 to commemorate establishment of the EAIC in Tokyo on October 18, 1962. This will be the 8th consecutive year for East Asian Insurance Day commemorations to be held, and I feel very pleased that this initiative has been established in each region.
The EAIC, which held its first conference with only around 20 international participants in Tokyo in 1962, has recently grown into the largest insurance conference in Asia with over 1,200 insurance experts from 30 countries all over the world in attendance nowadays. Membership has increased to twelve cities, and this year Taipei will host the 27th convention from November 2nd to 6th.
The GIAJ’s mission is “to foster security and peace of mind by improving the reliability and healthy development of the property and casualty insurance industry.” Held every year since 1972, one of the GIAJ’s most important activities is holding the Insurance School of Japan (ISJ), an international Insurance technical assistance program for industry professionals in East Asia.
The ISJ, established as an international insurance training program in response to an EAIC request and a recommendation by the United Nations Conference on Trade and Development (UNCTAD), has since produced more than 1,800 graduates. With a history of more than 40 consecutives years of assistance to people involved in the insurance industry within the East Asia region, the ISJ is highly evaluated by officials of all participating countries. We believe that East Asian Insurance Day is also a day to re-recognize the long history and close relationship between the ISJ and the EAIC.
We, the GIAJ, will use East Asian Insurance Day to promote understanding of its importance and the roles played by the EAIC, and will implement the following initiatives this year. These actions will be supported hereafter by GIAJ member companies. We will:
1) Introduce the purpose, history and activities of the EAIC on display boards at GIAJ headquarters.
2) Utilize the GIAJ's website and insurance business publications for communications and public affairs.
3) Contact ISJ graduates whose total number exceeds 1,800 to encourage them to attend the 27th EAIC Conference.
Along with the economic development of Asian countries, property and casualty insurance has become an important infrastructure to support and protect people’s lives as well as economies from various risks. Property and casualty insurance was able to help us recover the economy and livelihood of Japan from the devastating damage caused by the Great East Japan Earthquake of March 2011.
In recent years natural disasters have occurred worldwide with increasing frequency. There is growing concern that such disasters are becoming the “New Normal”. We, the general insurance industry, have an important role in assisting society to become more disaster resilient by contributing various measures such as promoting insurance products, and providing risk-consulting services to reduce losses.
I sincerely hope that East Asian Insurance Day will be a good opportunity to recognize the future challenges we face in terms of our social responsibility, as well as to look back at our predecessor’s contribution to the development of the East Asian region.
On the occasion of the 27th EAIC Congress and the 8th East Asian Insurance Day
Two years have passed since I took office as the EAIC Executive Board Member for Tokyo at the 26th East Asian Insurance Congress in Kuala Lumpur in 2012. The last congress marked the 50th anniversary of the founding of the EAIC with the theme “Transforming the East Asian Insurers: Time for Action Now.” In addition to presentations by delegates representing each city, a keynote address and general meeting were held on topics such as “Natural Disasters: Effects and Countermeasures.”
The 27th Congress will be held this year in Taipei from November 2-6, under the main theme of “Insurance at the Crossroads: Coping with Change.” More than 1,000 people will attend the congress, including not only EAIC regular members from 12 regions of East Asia, but also insurance specialists from across the world.
With each country in Asia achieving steady social and economic development, insurance is playing a greater and more important role in society than ever before. There will be a need to respond appropriately to the various changes that are occurring both in Asia and around the world, such as climate change, population ageing, and increasing globalization. In particular, with the “3rd United Nations World Conference on Disaster Risk Reduction” scheduled to be held in Sendai in 2015, insurance industry will also be expected to take an active role in international attempts at setting out a post-2015 framework for disaster risk reduction.
As the insurance industry stands at an important crossroads, this congress will provide the opportunity for participants to share and discuss the challenges that need to be addressed, with a central focus on the question of how the industry can respond to change, while fulfilling its mission to contribute to social and economic stability and development through the provision of insurance products. With a number of specialists due to deliver presentations on thought-provoking topics, we anticipate that the congress will be a valuable opportunity for EAIC members to work together with insurance specialists not only from East Asia but from across the world to develop better solutions.
As the Executive Board Member for Tokyo, I will also be participating in the congress. I hope for the Japanese insurance industry to play a part in the better development of insurance business in East Asia by sharing information in the fields in which we have particular experience. These include the establishment of a contract inquiries center for customers affected by natural disasters, through which we aim to draw on the lessons of the Great East Japan Earthquake in order to relieve customers’ concerns and ensure the swift payment of insurance claims, as well as our experience of tackling issues arising from population ageing, which is progressing in Japan at an internationally unprecedented rate.
October 18 is East Asian Insurance Day. This day is an opportunity for each member region of the EAIC to promote awareness of insurance in society and understanding of the importance of the activities led by the EAIC. Carrying out these common initiatives is beneficial in bringing the various regions of East Asia together to help develop a sound insurance industry in East Asia, and to contribute to the daily lives of the people and social progress in the region. I offer my warmest congratulations on this commemorative day, and hope the initiatives of the EAIC will continue to progress in the future.
East Asian Insurance Day - To The Japanease Insurance Industry Workforce -
As the host of the 27th EAIC, it is my honor and pleasure to invite insurance professions and practitioners from Japan and elsewhere to join us in Taipei for this biennial event to be held from November 2nd to November 6th, 2014 at the Taipei International Convention Centre.
The theme for this year’s EAIC is “Insurance at the Cross Roads: Coping with the Change”. To extrapolate the theme and also to embrace the KL Declaration made in 2012, we have decided to focus on the topics of Natural Catastrophe, especially CAT exposure re-rating and CAT modeling for the future; the future of insurance in the rapid aging society with increasing healthcare cost – what we can do in the two main steams of activities: investment and underwriting under different market environment; and the social media in insurance – can social media play an important role to help make insurance a Pull industry?
EAIC is a non-life as well as a life event. In organizing the EAIC conference this year, we have invited both the local life and non-life practitioners to join the organizing committee. We have also invited heavily weighted executives and professionals from both the life and non-life industry around the world to be our speakers, chairpersons and panelists in order to make this a rewarding and fruitful congress. We do hope that the 27th EAIC delegates will benefit through information gathering, experience sharing and viewpoints exchanging to know the past, to commend the present and to prepare for the future.
At this same time, I would also like to invite all of you to take the opportunity to explore the beauty of Taiwan, its cultural attractions and a variety of unique local cuisine.
I look forward, with great anticipation, to welcoming you all in Taipei in November 2014.