The Dai-ichi Life, at its 60th anniversary, started a training program with the Tsuneta Yano Memorial Society for life insurance people of Asia in 1962. The Foundation for the Advancement of Life Insurance in Asia (FALIA for short) was established in 1970 to take over this program from the Yano Memorial Society. Later, in 1994, the name of the organization was changed to "The Foundation for the Advancement of Life and Insurance Around the world" with its nickname FALIA unchanged. This change was made in our hope that FALIA would be able to cover the non-life insurance field and also to invite insurance people from other areas than Asia.
In its early years, FALIA planned seminars to give participants opportunities to observe and learn about the insurance philosophy and practice in our country. Recently, we are impressed with the significant growth of insurance industry in Asia. At the same time, we feel that the role of FALIA seminars today is to give participants a chance to observe what we are doing and compare it with their own experience and to provide opportunities to discuss, among participants and with managers from the Japanese insurance industry, what we should do in the future, reviewing what we have been doing up to now.
Total number of past participants exceeded 3,600 in half a century. We have noticed with great pleasure that a number of FALIA participants have been promoted to become directors and executive officers of major companies in their respective countries. It is our hope to be able to continue to improve our seminar programs to meet various needs of the countries which FALIA participants represent. I wish to request your continued support and cooperation for our activities.
Mr. Takashi Matsumoto stepped down from his position as President effective 31 August, 2017.
Mr. Toru Nagashima, Managing Director, has taken over his role and will serve as Acting President for the time being.