News Africa10 Feb 2020

Africa:11 new members join the AIO

10 Feb 2020

The African Insurance Organisation (AIO) admitted 11 new members last year, comprising insurers, reinsurers, brokers and regulators from 11 different countries.

This means that the total number of association members rose to 369, from 57 countries, at the end of last year.

The new members approved by AIO's General Assembly were:

Botswana: First Sun Alliance Insurance Brokers

DR Congo: Autorité de Regulation et de Controle des Assurances

England: A&P Worldwide Solutions

Ethiopia: Bunna Insurance

Ghana: The Insurance Brokers’ Association of Ghana

Kenya: Kenbright Holding

Liberia: Omega Insurance Group

Oman: Oman Reinsurance Company

Seychelles: The Seychelles Financial Services Authority

South Africa: GIC Re South Africa

Uganda: Uganda Reinsurance Company.

One of AIO’s key goals is to expand the membership base. The new focus of the AIO’s strategy and its enhanced value proposition to provide more attractive benefits to its members will hopefully lead to a significant increase in memberships, says the association in a bulletin. This is important as it strengthens AIO's position as a truly pan-African organisation.

A larger membership base also helps AIO to pursue its core strategic priorities, which are:

  • advocacy representing members with one voice;
  • providing excellent networking opportunities and conferences;
  • conducting research to inform members about trends and developments in the industry;
  • capacity building;
  • testing of new market opportunities; and
  • talent development to help attract and retain highly educated personnel in Africa’s insurance industry.

Those who wish to join the AIO are requested to submit their application by 15 May 2020 for approval at the 47th General Assembly in Lagos, Nigeria. To access the member application form, please visit the AIO’s website or contact Jean Baptiste Ntukamazina, AIO’s Secretary General at jbaptiste@africaninsurance.net

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