“Life” and “buildings” as two wheels Even after establishment, National Mutual Insurance Federation of Agricultural Cooperatives (Zenkyoren) went groping in the dark. It was life kyosai (mutual insurance) which secured Zenkyoren’s progressing walk in this situation. The original purpose of nokyo-kyosai (agricultural cooperatives mutual insurance) was to prevent the outflow of funds from the rural areas and to promote internal accumulation of rural funds. After the war, Kyosairen Hokkaido had started “life kyosai (mutual insurance) (long-term)” along with “buildings kyosai (mutual insurance) (short-term)” from the beginning of business start. In October 1951, in Hokkaido, where life kyosai (mutual insurance) was practiced, directors of Zenkyoren visited and studied the actual situation. … Continue reading →

Overcoming the weaknesses by amendment of the law Ensured foundation promoted rapid progress Since 1948 when born in Hokkaido, nokyo-kyosai (agricultural cooperatives mutual insurance) business had suffered the incessant pressure from the private commercial insurance industry and nogyo-kyosai (agricultural insurance) organization. The kyosai (mutual insurance) business was in compliance with the provisions of Article 10, Paragraph (1), Item8 of nokyo (agricultural cooperatives) law. However, the contents of contract and rights & obligations had been carried out based on voluntary guidelines between the cooperatives members and nokyo. There was a remarkable difference from detailed supervision against nogyo-kyosai (agricultural insurance) organization and commercial insurance companies. Commercial insurance companies had been poked Its … Continue reading →