The Federated States of Micronesia Tokyo Seminar 2025 Successfully Held

On Friday, October 10, 2025, the Federated States of Micronesia (FSM) Captive Insurance Seminar (hosted by the FSM Captive Insurance Association) and the IMC Seminar (hosted by MRA Advisors) were held at Kioi Conference Center in Kioicho, Tokyo.

At the FSM Captive Insurance Seminar, members of the FSM Insurance Board delivered a presentation titled “An Introduction to Captive Insurance in the FSM,” providing an overview of the captive insurance framework in the Federated States of Micronesia.
In addition, Professor Noriyoshi Yanase of the Faculty of Business and Commerce, Keio University, gave a keynote lecture entitled “Future Outlook and Key Challenges in Japanese Corporate Risk Management.”

At IMC Seminar, Ms. Josephine Joseph-Silem, Assistant Attorney General and Chief of Law of the FSM Department of Justice, delivered a presentation titled “Introduction to the Federated States of Micronesia.”She introduced the role of the FSM Department of Justice and provided an explanation of corporate registration in the Federated States of Micronesia. The presentation was supported by interpretation provided by Ms. Akiko Tsuno.

During the seminars, participants actively engaged with the speakers through a lively question-and-answer session, demonstrating a high level of interest in the topics discussed. The reception party that followed was also well attended and filled with enthusiastic networking and discussion.

2024 FSM CIC Seminar held in Tokyo

On 19 July 2024, the 2024 Federated States of Micronesia Captive (FSM) Insurance Seminar and reception were hosted by FSM Captive Insurance Council, the FSM Insurance Board, the FSM Embassy in Tokyo and MRA Advisors Inc. This year’s reception was dedicated to celebrating the 1st Anniversary of the opening of the new FSM Embassy building in Tokyo.   Our partners and sponsors strongly supported the event.

The 2024 program included presentations and panel discussions, including:

    1. Keynote Speaker:  His Honorable Wesley Simina, President of the FSM
    2. Panel Discussion:  FSM Insurance Board
    3. Emerging captive insurance opportunities around Pacific seabed mining initiatives
    4. Captive: Official Self-Insurance Arrangement for Reducing Total Cost of Risks
    5. Alternative Risk Transfer Solutions for Captive Insurance Companies
    6. Evolving themes in property and commercial insurance markets
    7. Captive Audit Requirements and Practice in the FSM
    8. Tax Update and Considerations

 

The 2024 events enjoyed record attendance and support from the marketplace.

 

 

2023 Federated States of Micronesia Seminar was held in Tokyo

The Federated States of Micronesia Captive Insurance Seminar (hosted by FSM Captive Insurance Council) and IMC Seminar (hosted by MRA Advisors) were held on Thursday, 6/8/2023 at Kioi Conference in Kioicho, Tokyo.

The program included lectures by professionals from various fields on the environmental history and the potential for ESG investment of island countries including the Federated States of Micronesia, basic information on captives in the Federated States of Micronesia, cyber risks in the COVID-19 Pandemic, and means of achieving self-insurance to reduce risk costs, among others. Although this was the first in-person seminar held since 2019, the event ended with a great success, as a large number of participants attended.

The Embassy of the Federated States of Micronesia in Japan has moved

The Embassy of the Federated States of Micronesia in Japan, located in Akasaka, Minato-ku, was relocated to Meguro-ku, Tokyo, and a reception was held in Tokyo on February 3, 2023, to celebrate the opening of the new Embassy.

H. E. David W. PANUELO, President of the Federated States of Micronesia, visited Japan and delivered a speech on the ties between the Federated States of Micronesia and Japan.
Japanese Prime Minister Fumio Kishida also attended and delivered a congratulatory speech.