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MISSION
| 1. |
The Corporation shall operate as a professional reinsurer accepting business from the insurance markets in member states as well as other markets of the region and elsewhere, and shall retrocede its surpluses after net retention with priority given to the national insurance and reinsurance markets of the member states. |
| 2. |
The Corporation shall invest a sizeable proportion of its funds within the region, provided that such investments meet with the requirements of sound insurance techniques. |
| 3. |
The Corporation shall also serve as regional centre for the collection of insurance information and the development of expertise in insurance and reinsurance, to be put at the disposal of the national insurance markets of the member states. |
| 4. |
The Corporation shall provide technical assistance to the national insurance markets of the member states. |
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| CAPITAL |
The Corporation's Authorized Capital is US$ 100,000,000 divided into 100,000 shares at US$ 1,000 par value. The paid-up capital is US$ 30,239,000. The ten regular members - UN-ESCAP member Countries - hold 980 shares each. |
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MEMBERSHIP
| The Regular members and representative to the Council of Members are: |
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 Afghanistan |
Mr. Ahmad Shah Alizai |
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 Bangladesh |
Mr. Md. Rezaul Karim |
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 Bhutan |
Mr. Namgyal Lhendup |
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 China |
Mr. Zhao Fengxiang |
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 India |
Mr. Yogesh Lohiya |
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 Iran |
Dr. Abdolnaser Hemmati |
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 Philippines |
Mr. Eduardo T. Malinis |
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 Republic of Korea |
Mr. Jong - Won Park |
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 Sri Lanka |
Ms. G.D.C. Ekanayake |
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 Thailand |
Mrs. Chantra Purnariksha |
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| The Associate members with respective shares held are as under: |
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| ASSOCIATE MEMBERS |
SHARES |
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| 1 |
Bimeh Markazi Iran
72 Africa Avenue, Tehran 19157, Iran |
6,242 |
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| 2 |
Mitsui Sumitomo Insurance Company Limited
27-2, Shinkawa 2 - Chome
175 Chuo-ku Tokyo 1048252, Japan |
3,268 |
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| 3 |
The Viriyah Insurance Company Limited
1242 Viriyah Panich Building, Krung Kasem Road, Pom Prab,
Bangkok 10100, Thailand |
1,058 |
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| 4 |
General Insurance Corporation of India
Suraksha 170 J. Tata Road Churchgate,
Mumbai 400 020, India |
6,242 |
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| 5 |
The Oriental Insurance Company Limited
"Oriental House" A-25/27, Asaf Ali Road,
New Delhi - 110 002, India |
1,058 |
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| 6 |
United India Insurance Company Limited
24 Whites Road, Chennai - 600 014, India |
1,058 |
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| 7 |
Oman Insurance Company (PSC), Dubai
P.O. Box 5209, Dubai, U.A.E. |
1,013 |
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| 8 |
Sadharan Bima Corporation
33 Dilkusha Commercial Area, P.O. Box 607, Motijheel
Dhaka 2, Bangladesh |
500 |
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