The EAIC was founded in 1962 with the aim of furthering and developing international collaboration in the field of insurance of every sort. We can read about the background of how EAIC was born in the letter dated February 1981 from the late Mr.Taizo Fukumuro to Mr. V.R. Ayllon, President of the Insular Life, Philippines at that time. Mr.Fukumuro was an actuary of the Dai-ichi Mutual Life Insurance Company when he planned to organize EAIC (East Asian Insurance Congress) with his Asian friends.