We appreciate your visit to Japan Insurance Brokers Association’s official homepage.
The insurance broker industry was introduced as the registered and authorized business structure defined by the Insurance Business Law on April1, 1996. The Japan Insurance Broker Association (JIBA) was established on December 9, 1997 and reformed to be a general incorporated association as of April 1, 2009.
Insurance agencies act on behalf of insurance carriers, while insurance brokers act on behalf of clients, otherwise known as a “buyer’s agent”. The report by the working group for providing insurance products and services founded by the Financial System Council officially acknowledges “buyers’ agent” clearly. JIBA carries out our duty by our solid operations with observing compliance recently, based on an official proof as “Buyers’ Agent”.
Insurance brokers are appointed by clients and are intermediaries for insurance contracts, acting in good faith on behalf of clients. Providing the best advice to the clients is the duty of insurance brokers. To perform our duty, insurance brokers must have be both consultants and understand their clients’ business, providing advice in a neutral and fair manner. In some cases, risk transfer to insurance is the not best solution.
The growth of our interconnected and innovative world, including the rapid adoption of the internet, has caused businesses to have more sophisticated and diversified risk management needs. For instance, business enterprises operating overseas should be aware of the unique and unfamiliar risks in the countries and or region where they expand their business. In this respect, insurance brokers help our clients understand local business customs and insurance business laws, and enable them to succeed with their expansion.
With an aging society in Japan, the need for life insurance and non-life insurance for individuals is increasing. In addition, the need for protection from natural catastrophes is also increasing, as disasters in Japan, the region, and the world increase. As true advocates for businesses, we believe insurance brokers are the best partner to help you assess and choose the best risk management solution for your business.
President & CEO
|Corporate Name||Japan Insurance Brokers Association|
Sanyu-tokiwabashi Bldg. ８th Fl.
3-5, Nihonbashi-hongokucho 3-chome, Chuo-ku, Tokyo 103-0021
Tel: +81-3-6262-6400 Fax: +81-3-6262-6401
Map: View map
|Objectives||To prepare for higher responsibility as a self-regulating organization
To help expand insurance broker’s market
To increase the number of member companies and license holders
To support expanding international business for insurance brokers
|Measures||1.To establish management of non-life and life insurance business by setting up separate committees
2.To make out voluntary compliance guidelines and to set up education programs for the members
3.To manage broker license examination and the renewal training programs
4.To keep up close relationship with regulatory authorities, and to help improve the insurance distribution market in Japan
5.To cooperate closely with brokers associations overseas
|Chairman||Satoshi Kasseki (Nippon Souken Co., Ltd.)|
|President & CEO||Satoru Hiraga (Marsh Broker Japan, Inc.)|
|Deputy President||Akihiro Soejima (ARM Consulting Co., Ltd.)
Shin Shimanuki (Kyoritsu Insurance Brokers of Japan Co., Ltd.)
Jun Yamaguchi (Marnix Corporation)
|Executive Director||Hajime Nara|
|Managing Director||Yoshiyuki Sogawa (Ark Insurance Brokers Inc.)
Kouzou Hishitani (MST Risk Consulting Co., Ltd.)
Shigeyuki Sado (MIC Risk Solutions Co., Ltd.)
|Director||Ikuro Umezawa (World Insurance Brokers Corp.)
Hiroyuki Kawakubo (Toyota Tsusho Insurance Management Corporation)
Atsuo Nakamura (I&T Risk Solutions Co., Ltd.)
Yoichi Tategami (Financial Products Group Co., Ltd.)
Masahiro Iwasawa (Ginsen Risk Solutions Co., Ltd.)
Keita Nakagawa (Bluewell Insurance Brokers Ltd.)
|Inspector||Toru Kojima (Aon Benfield Japan Ltd.)
|Secretary General||Yoshitaka Souma|
Members Service Committee
- To conduct insurance broker qualifying examinations
- To prepare and review educational and training programs
Public Relations Committee
- To promote insurance broker business
- To conduct public relations activities
- To review qualification for the membership
- To review and maintain professional code of ethics and code of conduct
- To help a new insurance broker with their registration
- To prepare standard business procedures and documentary forms