■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.
The 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.
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 the 2016 term, 754 people undertook the regular course and 924 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 middle-level employees. Participants study three or more subjects out of a possible eight during a maximum period of three years. In 2016, the cumulative total number of people that undertook the Advanced Course was 945.
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.
During the 2016 term, 747 people attended Specific Courses held principally in Tokyo, Nagoya, Osaka and Fukuoka on 47 subjects.
Seminars are one-day sessions that provide a broad range of specialized knowledge and information directly and indirectly related to insurance. During the 2016 term, 19 lectures were given.
The following are the major seminars given by prominent speakers during 2016:
- “The Real Situation of ERM in Japanese Non-Life Insurance Companies” by Mr. Yoshihiro Nishimoto, Senior Specialist for ERM at the Financial Services Agency
In 1995, the institute initiated a series of ENVIRONMENTAL SEMINARS in order to promote industry-wide awareness of issues related to global environmental problems. The seminar in 2016, which was sponsored by The Toa Reinsurance Company, Limited, considered the following subject:
- “The Arrival of the Decarbon Era and the Transformation of the Business Model” by Professor Naoya Hasegawa at Hosei University
To fulfil requests from our customers who cannot participate in person on the courses held in Tokyo, we are now working hard to provide a range of online courses to enhance learning opportunities. In 2016, we provided two seminar courses, seven special online courses and all classes of advanced course. As a result, 678 people who live outside the Tokyo area, including several working in foreign countries such as Vietnam, Russia, India and South Korea took the courses.
■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 20,500 volumes and 460 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 2016 term, we conducted two studies on the following subjects:
- Systems & Status of Corporate Governance of Insurance Companies in Other Countries
- Prevention and Mitigation of Natural Disasters by Insurance Industries in Other Countries
In addition to the above studies, the Research Department publishes quarterly reports on topical subjects. Eight main themes related to the business of non-life insurance being taken up in 2016.
PROMOTION OF STUDY
■JUDICIAL CASE STUDY
In 1995, the institute formed a society for the study of leading judicial cases, both in the field of non-life insurance and life insurance. The institute dissolved the above society in December 2007 and started a new society for the study of cases limited to non-life insurance. This society comprises 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 NON-LIFE INSURANCE STUDY
The institute offers subsidies to scholars and graduate students engaged in the study of non-life insurance for their expenditures on books and research. The subsidies have been made available since 1993 to commemorate the 60th anniversary of the institute's foundation. Eighty five beneficiaries had received grants by 2016.
■COOPERATION WITH RELATED ORGANIZATIONS
The institute is serving 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.
Currently, the number of individual members of the JSIS stands at is about 900. For details, see the JSIS's website: http://www.js-is.org/eng