about

The African Insurance Organisation (AIO), established in 1972, is a non-governmental organization recognized by many African governments, including Cameroon which has signed a headquarters agreement with it and where it has set up its permanent secretariat.

Membership

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The AIO has 371 members, 363 of them from 47 countries in Africa and 13 associate international members from 7 countries.

Membership is open to the following:

  • The Insurance industry
  • Regulatory/supervisory authorities
  • Insurance Training centres
  • National and regional insurance associations.

Objectives

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The main objectives of AIO are the development of a healthy insurance and reinsurance industry and the promotion of inter-African co-operation in Africa.

Structure of AIO

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AIO has a General Secretariat headed by the Secretary General. The supreme body of the Organisation is its General Assembly, which appoints the President, the Vice-President and Executive Committee Members.

Activities

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AIO

  • Organizes African insurance conference and General Assembly.
  • The annual African Reinsurance Forum
  • The annual Life Seminar, as well as other workshops and seminars.
  • Is engaged in the development of supervisory/regulatory capacity and promotion of special work programmes.
  • Publishes regularly the African Insurance Annual Review, the African Insurance Bulletin, the Africa Insurance Barometer as well as conference and seminar documents. It also maintains a website on AIO events and developments on the African and international insurance scene.
  • Established the African Insurance Book Awards.
  • Established the AIO Recognition Awards

Bodies established by AIO

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The AIO has established a number of bodies under its umbrella, notably:

  • The African Aviation Pool
  • The African Oil and Energy Insurance Pool,
  • The AIO Life Committee
  • The Association of African Insurance Supervisory Authorities
  • The Association of African Insurance Brokers
  • The Association of African Insurance Educators and Trainers
  • The African Centre for Catastrophe Risks
  • The African Microinsurance Committee.

Priority areas for the future

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  • Consolidating and strengthening the existing pools and associations set up by AIO
  • Partnering with other organisations, notably the World Bank, ILO, A2II, GIZ and UNCTAD in various capacity building programmes
  • Encourage the development of Microinsurance Promoting Capacity Building for different arms of the insurance industry in Africa.
  • Developing the AIO website into a veritable reference point for African insurance.
  • Promoting the African Centre for Catastrophe Risks.
  • Creating a Pool for Catastrophe risks.
  • Encouraging scholarly research.

Benefits of Membership

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INVOLVEMENT

AIO members are part of a growing international trade organization with a reputation for being vibrant, vision and commitment.

AIO BODIES

The AIO established the Aviation Insurance Pool and the Oil & Energy Insurance Pool to create capacity and encourage the growth of those lines of business. Other AIO bodies are the Life Committee, Microinsurance Working Group and Associations for African Insurance Brokers, African Insurance Supervisors and African Insurance Educators and Trainers.

NETWORKING

AIO events provide the perfect opportunity for insurance leaders to meet their counterparts and promote productive professional relationships. The AIO Annual Conference brings together more than 800 participants from all the continents. Members also benefit from AIO’s excellent relationships with international organizations.

CAPACITY BUILDING

Seminars and training programmes on various subjects are organised in partnership with international organisations such as the World Bank, International Labour Organisation (Impact Insurance Facility) and Access to Insurance Initiative.

MEETINGS AND EVENTS

Throughout the year, AIO meetings and programs bring together leaders of the insurance industry, supervisory authorities, technology providers, academics and other experts to discuss the changes and challenges of our industry. The events include the Annual Conference and General Assembly, the African Reinsurance Forum and Life Insurance Seminar.

PUBLICATIONS

Through regular publications and documentation such as the African Insurance Bulletin, the Annual Review, Africa Insurance Barometer, a well-furnished and regularly updated website, etc, the AIO avails its members with important information on the insurance industry in Africa.

AIO AWARDS:

The following annual awards have been instituted by the AIO

  • AIO Book Award to stimulate scholarly research among members
  • AIO Merit Award, on individual and corporate bases, to promote excellence

About AIO conference

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The first AIO conference was held in 1972 in Mauritius, where the Organisation was established. Since then the conference has held every year, except 1979, on rotational basis in different countries, giving members from each of the African Sub-regions a chance to host the conference. Participation is open to all AIO members as well as observers from within and outside Africa. Each conference examines a topical issue as the conference theme in four plenary sessions, dealing with topics relevant to the theme. During the event, some companies showcase their products at exhibition stands while for others it is an avenue for meeting with their clients and building new partnerships/business relationships.

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