FALIA aims for enlightenment and dissemination of sound insurance philosophy through education, guidance and support. It aims to widely contribute to sound development of insurance business around the world.
Message from the President
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 the course of offering training over the past 50 years, FALIA has served as a shared platform for exchanging information and encouraging connections between people mainly in Asian countries. In the future, while sharing the insights of everyone, we want to continue to lend our support so that life insurance and associated services produce added value in each country throughout the region, and contribute to finding solutions to the problems that confront our societies. A company that engages in profit-making business activities with the aim of solving social problems is called a “social enterprise.” I think we will see an increasing demand from society for insurance companies too to consider the gap that exists between the ideal and the reality, and to act as social enterprises by offering an ideal of the positive impact we can have on society. At FALIA, we want to continue to share the big picture with regard to the form that insurance companies should take as they respond to a changing environment, while searching together for the lodestar that will guide us forward. I hope we can continue to play a key role as we work together to find solutions to social problems in the years to come.
Be a Platform to encourage connections between people
FALIA will develop a human network of horizontal collaboration among insurance supervisors,
companies and students globally through group training seminars and essay competitions.
FALIA sponsors invitational insurance seminars on a regular basis throughout the year. FALIA invites individuals from life insurance companies, insurance authorities and industry associations or institutes both inside and outside the Asian region to participate in seminars. FALIA annually holds 3 to 5 courses mainly from those listed in the attachment here. The total number of participants in the seminars has reached 4,135 from 32 countries /regions (March 2022). In addition to the regular seminars in the attachment, FALIA conducts individual seminars at times as requested.
FALIA also sponsors insurance seminars in Asian countries several times a year in cooperation with insurance regulatory authorities or associations in each country. The content of the seminar is determined according to the request and interest of the local insurance industry. FALIA sends experienced instructors in insurance companies and relevant organizations from Tokyo to speak at the seminars. Overseas seminars total 163 in 15 countries/regions (March 2022).
FALIA has been holding essay contests for international students attending Japanese universities since 2014. We intend to encourage international students to get interested in life insurance which has further increased its social presence during the pandemic, and to take on intellectual challenges by applying for our essay contest.
In 1969, FALIA started publishing “FALIA Insurance News” several times each year to provide its readers with up-to-date information about Japanese Insurance Industry. And in 1998, we switched to providing information through our website. Moreover, in 2014, we started publishing E-mail Magazine. Recently FALIA has been conducting research activities to increase insurance literacy among people globally, and sharing the reports on our website. We hope this will help people to get interested in insurance philosophy and arouse two-way or multi-directional communication among them on social issues which insurance could work out.
In 1962, the Dai-ichi Mutual Life Insurance Company, which was later demutualized to the Dai-ichi Life Insurance Company, Limited in 2010, contributed 50 million yen to the Tsuneta Yano Memorial Society to initiate the programs for the development of the life insurance industry in the Asian region.
At that time, the Japanese life insurance industry had already grown to the second largest in the world in terms of life insurance in-force volume.
Looking back on the history of the Dai-ichi Life, Tsuneta Yano, its founder, learned about the mutual principle during his oversea stay at Gothaer Life Insurance Company in Germany. After he returned from Germany, he established the Dai-ichi Life in 1902, as the first mutual life insurance company in Japan.
In celebrating its 60th anniversary in 1962, the Dai-ichi Life turned its eyes to Asian countries/regions where the life insurance industry was still in a developing stage. The Dai-ichi Life decided to contribute to the development of Asia's insurance industry in order to return back some knowledge absorbed from Europe and share the ideas of the insurance business advancement with Asian life insurance regulators and life insurers.
Thereafter, in March 1970, the Dai-ichi Life established FALIA (The Foundation for the Advancement of Life Insurance in Asia) to further promote this mission. In April 1994, the formal name was changed to The Foundation for the Advancement of Life ＆ Insurance Around the world in order to expand its scope of activities.
In April 2012, FALIA was officially certified as a public interest incorporated foundation.