The Korea Life Insurance Association (KLIA) announced that it will hold the Pacific Insurance Conference (PIC) for three days at the Grand Hyatt Hotel in Seoul, Korea from Sept. 23 to 25.
The PIC is an international insurance conference where top executives from the insurance industry in Asia and the Pacific region get together to discuss management issues and future strategies for the insurance industry, and explore ways to cooperate with one another.
Since its inception in 1963, the conference has been held biennially, rotating among countries in the Asia-Pacific region.
This will be the second time South Korea hosts the conference after 1985.
The KLIA will hold PIC 2025 under the theme of “Transformative Leadership: Reaching New Heights in Insurance,” with sponsorship from major Korean and overseas insurance companies.
The Asia Insurance Leadership Forum (AILF) will oversee the event in close cooperation with the General Insurance Association of Korea (GIAK) and the International Insurance Society (IIS).
The PIC is expected to attract over 300 executives from major Asian insurance companies, insurance associations, regulatory authorities, and asset management firms in Hong Kong, Japan, China, Singapore, Taiwan, Malaysia, Indonesia and Thailand.
A poster to promote the Pacific Insurance Conference 2025, to be held at the Grand Hyatt Hotel in Seoul, Korea from Sept. 23 to 25.
Preparations for the PIC 2025 are being made without difficulty.
The official PIC 2025 website (www.ailf.asia/pic2025) was launched on May 23 to begin accepting registrations.
The conference will take an in-depth look at various topics, from the perspective of C-level executives, focusing on core issues common to the Asian insurance industry, including growth strategies, capital management, risk and regulations, digital transformation and AI technology.
Additionally, the conference will introduce an AI-powered simultaneous interpretation system to facilitate smooth communication among participants by providing immediate interpretation in four languages - Korean, Chinese, Japanese and English.
“This event will serve as an opportunity for the domestic insurance industry to expand its global network and take a new leap forward, as well as to demonstrate international leadership befitting the status of the Korean insurance industry,” emphasized Kim Chul-ju, chairman of the KLIA.
“This PIC has been revamped from the previous forum and has been reborn as an event that expands its base to general insurance,” said Lee Byung-rhae, chairman of the GIAK.
“We hope that it will establish itself as a global event that leads the growth and development of the insurance industry with the leaders of major advanced insurance companies in Asia.”
“The PIC is a representative international event for the Asian insurance industry,” said Josh Landau, chairman of IIS.
“It has played an important role in helping the insurance industry respond to rapid changes and plan for the future. This PIC in Seoul will also serve as a platform for taking the lead in bringing innovation to the insurance industry.”
Shin Sung-wook, chairman of the Asia Insurance Leadership Forum (AILF), said, “This PIC will cover both life insurance and non-life insurance. With a C-level executive-oriented composition, it will enable more specialized discussions. We hope that it will establish itself as an event that drives collaboration and development in the Asian insurance industry.”
Donation to Help Marginalized People Stay Cool in Summer
On Aug. 6, the KLIA’s Life Insurance Social Contribution Committee donated 50 million won through the Korean Red Cross to help marginalized people living in slums stay cool during the hot summer months.
The donation will be distributed to residents of Seoul’s poorest areas, which are vulnerable to summer heat waves, in the form of survival kits consisting of cool bed comforters and retort foods in pouches.
Additionally, the committee sponsored the donation points (10,000 won) awarded to participants who completed the “Namsan Walk & Donate” event held on June 14.
The event resulted in 51.49 million won in donations being distributed to 5,149 participants who went the distance.
These funds were used to provide customized summer items to low-income families and elderly people living alone, by covering their air conditioning electricity bills.
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