The Asian Reinsurance Corporation is an intergovernmental organization established in May 1979 under the auspices of the UN-ESCAP. Membership is open to all state members or associate members of the United Nations Economic and Social Commission for Asia and the Pacific.

It commenced operations in 1980. Effective 9 July 2005 Associate Membership is open to non-ESCAP member countries of the UN, private organizations, private Corporations, non-government organizations and multi-lateral institutions etc.