The Asian Reinsurance Corporation (Asian Re) is an intergovernmental organization established in May 1979 under the auspices of the UN-ESCAP. Membership is open to all state members or associate members of the United Nations Economic and Social Commission for Asia and the Pacific. It commenced its operations in 1980.
Effective 9 July 2005 Associate Membership is open to non-ESCAP member countries of the UN, private organizations, private corporations, non-government organizations and multi-lateral institutions etc.
The corporation's authorized capital is US$ 200,000,000 divided into 200,000 shares at US$ 1,000 par value. The paid-up capital is US$ 84.82 million. Members of Asian Re Management Board are as follows;
To become a leading professional reinsurer capable to meet the reinsurance needs of Asia-Pacific Region. Apart from General Assembly, Management Board, and Shareholders’ Assembly regular meetings, Asian Re recently organized a seminar on “LATEST TRENDS IN INSURANCE” in collaboration with Association of Insurers and Reinsurers of Developing Countries (AIRDC), in Bangkok, March 2015.
Ten UN-ESCAP member countries are Regular Members including Afghanistan, Bangladesh, Bhutan, China, India, Islamic Republic of Iran, South Korea, Philippines, Sri Lanka, Thailand, whereas, in 2014, Associate Members increased to nineteen insurance/reinsurance companies from Asia, specifically speaking from Thailand, Iran- Bimeh Markazi Iran (Central Insurance of I.R. Iran)- India, Japan, UAE, Bangladesh, and Sri Lanka. The paid-up capital increased to US$84.82 million in 2015.
89th Management Board Meeting
10 April 2014