- Announcing Official Incoproation of AGCIA2020-05-19
On November 27-29, 2019, the founding members of AGCIA have decided to establish the Asia Guarantee & Credit Insurance Association (AGCIA), a new block community established under the vision to promote guarantee and credit insurance services throughout the Asian region.
The founding members who participated in the meeting include eight members from five different region in Asia.
● China China United Property Insurance, Tianan Property Insurance
● Indonesia PT. Asuransi Sinar Mas
● Korea Korean Re, Seoul Guarantee Insurance
● Philippines National Re
● Vietnam BaoViet Corporation, BIDV Insurance Corporation
Consequently, the Secretariat Office was entitled to implement the registration procedures necessary for laying the groundwork. In April 2020, the Secretariat Office obtained the official permit from the Korean Financial Service Commission (FSC) acknowledging the incorporation of AGCIA as a non-profit organization based in Seoul. The registration number was subsequently issued on May 4, with the payment of around USD 16,667 (KRW 20,000,000) paid-in capital as sponsored by SGI, thereby fulfilling the basic requirements for establishment.
Now, the Secretariat Office of AGCIA is looking forward to hosting the 1st Annual General Meeting & Training Seminar on September 23-25, 2020 where all members would once again have a chance to come face-to-face to share the latest updates and decide on the pending agendas for the Association. Detailed itinerary for the AGM will be provided 2 weeks in advance unless otherwise delayed due to Corona virus.