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The fact book published by the Japan Co-operative Insurance Association (JCIA) provides a picture of the business climate of  co-operative insurers in Japan, as well as the developmental activities undertaken by JCIA’s members. The fact book begins by describing Co-operative insurance as, ‘a mutual aid system where the members share their premium to establish mutual assets, and the funds are paid out at times of unexpected contingencies, to compensate for the financial deficit and stabilize the lives of the members and their family in preparation for various risks that jeopardize our daily life such as death, hospitalization, house damage or traffic accidents.’ Co-operative insurers provide a wide range of coverage to satisfy the needs of their members. Among them, the five typical products are; Fire insurance, Life insurance, Personal Accident Insurance, Automobile Insurance and Annuity Insurance.


JCIA was set up to ‘promote sound development of the co-operative insurance businesses operated by co-operatives, thereby contributing to stabilizing the lives and improving the welfare of people engaged in the agriculture, forestry and fisheries industries as well as other employees and workers in local communities or small and medium-sized business owners.’ The main activities of JCIA include research and studies, HRD and training, PR and publications, promotion of mutual exchange, international activities and consultations.


Overview of the Cooperative Insurance Business

The following table is a snapshot of the current fiscal situation of JCIA.