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.
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 main objectives of AIO are the development of a healthy insurance and reinsurance industry and the promotion of inter-African co-operation in Africa.
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.
The AIO has established a number of bodies under its umbrella, notably:
AIO members are part of a growing international trade organization with a reputation for being vibrant, vision and commitment.
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.
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.
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.
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.
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.
The following annual awards have been instituted by the AIO
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.