■NON-LIFE INSURANCE EDUCATIONAL COURSES
The institute holds the following courses for the purpose of providing education and training principally to those who are engaged in the non-life insurance business.
TThe purpose of the Introductory Course is to acquire basic knowledge essential to the practice of insurance by conducting repeated web drills. It is recommended for those about to begin insurance related work, or those interested in learning about insurance. In consideration of participant convenience, the course is designed to be accessed and completed anytime/anywhere via mobile devices such as smartphones and tablets. In 2020, 1,504 people undertook the Introductory Course.
The institute's main training course is the one-year Regular Course, which aims to provide in-depth knowledge of non-life insurance theory and practice. It currently consists of 16 subjects, such as Principles of Insurance, Insurance Laws, Risk Management and Financial Science. Initiated in 1953, the regular course is mandatory for every managerial career track employee in most insurance companies. Certificates are awarded to participants who have completed the course and passed the examinations.
In addition, the Basic Course, less extensive than the Regular Course, was initiated in 2011 for those employees who have limited job scope. The course consists of five subjects that are studied over seven months.
In 2020, while 1,706 people undertook the Regular Course, 171 people undertook the Basic Course. In order to provide educational support to a much wider cross-section of the industry, the courses are now widely open not only to Japanese and foreign insurers doing business in Japan, but also to cooperatives and intermediaries.
The Advanced Course was launched in 2014 to provide enhanced underwriting and service skills to mid-level employees. Participants can choose from a selection of ten subjects covering the fields of underwriting, claims, and corporate-management. Whilst each subject consists of two or three in-class lectures, for those unable to attend in person (for physical reasons), they are also provided online. In 2020, the total number of people that undertook the Advanced Course was 717.
This course is aimed at providing advanced education on specific issues of non-life insurance and related fields. It covers many different subjects and each subject comprises several sessions that are presented at varying intervals during the year. Applicants are free to select subjects depending on their interests and needs.
As a measure against the Covid-19 pandemic, every Specific Course in 2021 was provided online rather than via traditional face-to-face classes. In 2020, 247 people attended Specific Courses on 20 subjects.
Seminars are one-day sessions that provide a broad range of specialized knowledge and information directly and indirectly related to insurance.
As with the Specific Courses described above, every Seminar was provided online in 2021 as a measure against the Covid-19 pandemic. In 2020, 1,075 people participated in 11 seminars.
Chosen from among topics which could have an impact on the future of the insurance business, past seminar themes have included:
- Commentary on the final report of the advisory council on the economic value-based solvency framework
- Establishment of new financial service brokerage businesses
- Amendment of the system regarding officer responsibilities and D&O insurance
Among the seminars, the most popular was “Amendment of the system regarding officer responsibilities and D&O insurance”, which attracted some 78 participants.
To satisfy the needs of customers unable to participate in person on courses held in Tokyo, we provide a range of online courses to enhance learning opportunities. In 2020, some 402 people undertook online courses from among the 153 offered.
■THE INSURANCE SCHOOL (NON-LIFE) OF JAPAN (ISJ)
The library collection accumulated since the foundation of the institute was completely destroyed during World War II. The rebuilding of the library, which started soon after the war, is deeply indebted to Dr. Kotaro Shida, ex-dean of Meiji University, Dr. Zen-ichi Takiya and Dr. Ikusaburo Shiina all of whom made large donations of books. Since that time, the institute has accumulated an extensive collection of works on non-life insurance subjects, as well as legal, economic and other fields.
Currently, the library comprises some 21,400 volumes and 500 periodicals. The institute's library is used not only by employees of non-life insurance companies, but is also widely used by scholars, students and those from various fields seeking information concerning non-life insurance. Enquiries can be made through the Internet, by telephone or by fax, and library staff will carry out a search and recommend appropriate reading material.
The institute conducts extensive research on medium to long-term issues emanating from changes and developments in the economic, social and financial environment surrounding the non-life insurance industry.
The Research Department was set up in July 1990 with the aim of functioning as a think-tank to provide the industry with advice and essential materials for the study of its roles and future direction.
The Main research projects are commissioned by the General Insurance Association of Japan. Research papers are submitted to the Association and its members and also distributed to the rating organization and other related organizations, regulatory authorities (including the FSA), and academia.
During the 2020 term, studies were conducted on the following two subjects:
- “ Responses by insurers in major countries to natural catastrophes intensified by climate change”
- “ Measures Taken by the Insurance Industries of the U.S. and Europe against Novel Coronavirus Disease”
In addition to the above studies, the Research Department published quarterly reports on topical subjects, with eight main themes related to the business of non-life insurance.
PROMOTION OF STUDY
■JUDICIAL CASE STUDY
In 1995, the institute formed a society for the study of leading judicial cases, in both the non-life insurance and life insurance fields. However, the institute dissolved the above society in December 2007 and started a new society for the study of cases limited to non-life insurance, which is comprised of about 50 members from universities, law offices and the industry. The results of the studies are published in the institute’s journal, the “Study of Non-Life Insurance.”
■SUBSIDIES FOR SCHOLARLY STUDY OF NON-LIFE INSURANCE
The institute began offering subsidies to young scholars and graduate students engaged in the study of non-life insurance science for their expenditures on books in 1972. In 1993, the institute reconstructed the subsidies to expand the range of use into research in general as long as the research is related to non-life insurance. Some 160 beneficiaries received grants between 1972 and 2020.
■STUDY GROUP OF ERM
Regarding ERM, which is becoming an essential tool for Japanese insurers to enhance their management strategies, the institute has carried out two projects over the past 5-years by forming study groups of both academic and industry professionals. The fruit of the groups’ efforts was publishing “Theory & Practice on ERM for Insurance Companies” and “Risk Management”, and a number of theses on the “Study of Non-life Insurance”.
■COOPERATION WITH RELATED ORGANIZATIONS
The institute served as the secretariat for the Japanese Society of Insurance Science (JSIS: "Nihon-Hoken-Gakkai") from April 1, 2010 to March 2017. The JSIS was established in November 1940 as a nonprofit organization for the purpose of promoting insurance science in Japan. The JSIS aims to promote research and cooperation in insurance science, and to facilitate interactions and exchanges with related academic societies and organizations in Japan and abroad.