The start of AGCIA was first envisioned by SGIC with the idea to promote growth and advancement of guarantee and credit insurance services throughout all Asian region. From Aug. to Sept. 2019, companies from a number of Asian countries -Thailand, Taiwan, Philippines, Indonesia, Singapore, Malaysia, and China - gathered to share a common view to establish an association that would best represent its communal interest. On Nov. 18, the Founding Meeting of Members was held to announce the official beginning of AGCIA.

2019

Jan. ~ June.

• Groundwork process for establishing AGCIA

July ~ Dec.

• Membership Campaign through visiting 23 companies across 7 nations
• Founding Meeting of Members held on Nov. 28, 2019
  - Chairman: Sang-taek Kim, President & CEO of SGI
  - Board: Baoviet, BIC, China United, Nat Re, SGI, Sinar Mas, Tianan, Korean Re

2020

April

• Permission of Incorporation by FSC, Korea
• Official Establishment & Corporate Registration

September

• 1^st Annual General Meeting held on Sep 25, 2020 (Video Conferencing)
  - New member : Gongbao Techonoly(China)
• Obtained Permit as the “Designated Organizations Receiving Donations” on Sep 29, 2020 from the MOEF(Ministry of Economy and Finance)

December

• Mr. Kwang-Yeol Yoo, President & CEO of SGI, appointed as the 2^nd President of the AGCIA