The Pacific Insurance Conference Limited organises and conducts corporate conferences as a forum for senior executives of insurance and other financial services organisations, engaging in life, health, retirement savings and wealth management business in the Pacific Rim area to:
- Share in the free exchange of ideas and experiences concerning corporate management, marketing and customer service in a spirit of international brotherhood
- Strengthen the short and long term effectiveness of life, health, retirement savings and wealth management businesses, particularly in the Pacific Rim area
- Improve business and societal conditions.
The Pacific Insurance Conference is a not-for-profit organisation registered in Hong Kong. It can trace its origins back to an informal meeting at the old Imperial Hotel in Tokyo in the fall of 1958, when several insurance executives and academics met and discussed the desirability of establishing an international insurance organisation to conduct seminars to be participated in by Pacific Rim based insurance executives, educators, and regulatory authorities. The initial objectives were to exchange ideas and information and to address and solve common problems.
The first Pacific Insurance Conference was held in 1963 at the campus of the University of Hawaii. It was attended by some 47 life insurance company executives and university professors from six countries. Topics on the programme included strategic planning, human resources, product development, creation of demand and problem-solving skills. Since then, a conference has been held every two years, (except for the 20th PIC, scheduled for Banff in September 2001 and cancelled due to the terrorist attacks on the twin towers of the World Trade Centre in New York).
Today, as one of the world’s premier insurance conferences for industry executives, PIC not only provides an opportunity for domestic and multinational insurers to exchange information, but also helps the senior insurance and other financial executives gain an insight into issues concerning future business and economic development in the 21st century.
In 2019, PIC joined The Institutes as an affiliate. The Institutes is the premier knowledge provider for the risk management and insurance industry. The not-for-profit organization has a 100-year heritage of serving the industry and offers many knowledge solutions, including dozens of designations for insurance professionals, including the CPCU and Associate in Claims designation.