OBJECTIVE and UNDERTAKINGS
The General Insurance Institute of Japan is a Public Interest Incorporated Foundation authorized by the Prime Minister. It was established on the 24th November 1933 and has been engaged in the following undertakings, with the objective of contributing to the development of the national economy by promoting the theoretical study of non-life insurance, the harmonization of its theory and practice, and by the continuing education of its experts:
- Research and collection of materials concerning non-life insurance and its related business.
- Lectures, library maintenance and publications on non-life insurance and its related business.
- Contribution to activities that are aimed at improving and developing non-life insurance and its related business.
- Education and training concerning non-life insurance and its related business.
- All other undertakings considered necessary to achieve the objective of the Institute.
In 1929, on the occasion of the celebrations to mark the 50th anniversary of the foundation of The Tokio Marine & Fire Insurance Co., Ltd., Mr. Kenkichi Kagami, the then chairman of the company, proposed a plan to found an institute for non-life insurance in commemoration of that
anniversary. The plan was implemented in 1933, when the General Insurance Institute of Japan was established with a fund of one million yen donated by The Tokio Marine & Fire Insurance Co., Ltd.
■After World War II
The institute was compelled to suspend its activities when all of its properties were lost in the flames of war in Tokyo in May 1945. Efforts were made to restore the institute and rebuild its library during the difficult post-war period, and in 1947 all the member companies of The Marine & Fire Insurance Association of Japan (now the General Insurance Association of Japan) agreed to provide financial support for the activities of the institute. The management of the institute was accordingly transferred to the Association and since that time the institute has been successfully
developing its activities on behalf of, and with the co-operation of, every member company.
With the changing business environment, the need for research on common market issues from a medium to long-term perspective grew rapidly in the non-life insurance industry of the late 1980s. In order to meet the industry's expectations, the institute enlarged both its organization and scope of activities in 1990 and has since then been actively performing these additional functions.
In April 2011, responding to the enactment of the 'Act on Authorization of Public Interest Incorporated Associations and Public Interest Incorporated Foundation', the institute changed its
organizational classification to become a Public Interest Incorporated Foundation after passing the stringent Standards for Public Interest Corporation Authorization. In light of the transition to a newly classified foundation, the institute intends to further commit itself to the objective of
contributing to development of the national economy and the improvement of the stability of the lives of citizens, through the sound development of non-life insurance and related business activities. The relationship with the General Insurance Association of Japan and the insurance industry as a whole remains unchanged.
Yen 1,000,000,000 (as at the 1st July 2016)
Aioi Nissay Dowa Insurance Co.,Ltd.
5 minutes' walk from Ochanomizu Sta. on the JR Line.
5 minutes' walk from Shin-ochanomizu Sta. (B2 Exit) on the Metro Chiyoda Line .
5 minutes' walk from Awajicho Sta. (A5 Exit) on the Metro Marunouchi Line.
5 minutes' walk from Ogawamachi Sta. (A5 Exit) on the Toei Metro Shinjuku Line.