Message from the President
Welcome to JSIS!
JSIS (The Japanese Society of Insurance Science) was established in 1940, based on the “The Insurance Society” which was founded in 1895.
I am honored to be elected as the president of JSIS, one of the most historical and traditional social science academic research societies, and I also feel the responsibility and challenges placed on me as the president. I will sincerely strive to manage JSIS, with the warm support and cooperation of the directors, councilors, auditors and members.
In 2018, we realize the threat of large-scale natural disasters such as extreme heat, heavy rain and earthquake. And these days, it is called “the era of 100-year life”, and we need to cope with the longevity risk. Many of these issues are hot topics of insurance researchers. Especially in an era of declining birthrates and aging, the sustainability of pension and medical insurance system is a critical issue in the insurance industry, including the division of roles between public and private insurance. Also, due to the rapid progress of AI and IoT in recent years, FinTech and InsurTech are rising. By using these new technologies, we can manage a wider range of risks. On the other hand, we face threats of rapidly growing cyber risks. Due to this environmental change, social interest in insurance has been increasing and many people will be expecting research and results from JSIS. But in the FY 2018 Reform System of the Grants-in-Aid for Scientific Research (KAKENHI), the word “insurance” is shown only in the examples of finance-related topics in economics and business administration in the list of categories, areas, disciplines and research fields. The research and education environment of insurance (and JSIS) with a long history of more than 150 years has been changing dramatically, and we surely need to change for survival. This is a global trend especially in Europe and the United States. We have to start working on activating a plan, recognizing that JSIS will be revitalized when we focus on research that evolves with the times and establishes new theories and methods.
JSIS aims to promote research in insurance science and to facilitate interactions and exchanges with related academic societies and organizations in Japan and foreign countries (Article 2 of bylaws). We pursue these aims through the following three areas of activity.
First, we organize annual conference and local activities. The annual conference is held in October at university. Symposiums, plenary and concurrent sessions are the main components of the conference. The program will be decided by the conference’s planning committee, but memorial and relevant lectures will be conducted by invited speakers from inside and outside JSIS. In symposiums and plenary sessions, we will deal with critical issues such as large-scale natural disaster, declining birthrate and aging population. It has been a leading discussion of Japanese insurance science among university researchers and business people of the industry. In addition, each local activity (the Kanto, Kansai and Kyushu sections) will hold two to four regular meetings per year, as well as symposiums. These meetings are the first step to a career for a number of young researchers. Not only researchers but also business people read a paper of various themes, further refining own research through active discussions.
Second, we publish Journal of Insurance Science as an academic journal. The Journal of Insurance Science has more than a 120-year history, rooted in the Monthly Journal of Insurance Science, which is a journal of “The Insurance Society”, the predecessor of JSIS. Most papers in this journal are based on presentations of the annual conferences and local chapters. It indicates the high research level of JSIS. We keep the Journal of Insurance Science‘s quality by introducing the referee (peer review) system of papers. For young researchers and graduate students, acceptance of their papers to the journal indicates proof of high research level. In addition, feature articles take up economic and social trends related to insurance. These can attract the interest of people in various fields related to insurance sciences and also further increase the value of this journal.
Third, we promote international exchanges. We already have an ongoing exchange with the Korean Insurance Academic Society (KIAS) by reporting at each other’s annual conferences. In addition, we send our director to the AIDA (International Association for Insurance Law with head office in London) meetings and recommend our director to APRIA (Asia-Pacific Risk and Insurance Association with head office located in Singapore). Nowadays, more members present at these annual conferences. We encourage young researchers to take center stage at foreign conferences and to submit a paper to foreign academic journals. And we try to maintain and enhance our international status with further academic exchange with various societies.
The JSIS has approximately 900 memberships, of whom 280 members are academic researchers and 620 members are in the business sector, including employees for insurance companies and attorneys. The characteristics of the discussion at JSIS are logical expansions, fully understanding the research and practice in the insurance-related fields. These logical expansions are made by cooperation from university researchers of law, economics and commerce and diversified business people such as those dealing in life, non-life and cooperative insurance. I understand that building a theory considering practical, not a mere impractical theory, leads to raising the global reputation of JSIS for a long time. Toward continued success of JSIS, we will make an effort to deal with timely themes and do our research to answer the demand of the times while sharing academic interests with the business sector.
Once again, I would like to thank you for your unending cooperation and support.
President of the Japanese Society of Insurance Science, Professor of Meiji University