KENYA ? Local Marine Cargo Insurance grows by 57% in Q1

Data collected by Association of Kenya Insurers shows that local Marine Cargo Insurance premium has grown by 57% in the first quarter of 2017. Premiums collected hit Ksh550million compared to Ksh350million during the same period last year. Eighteen marine cargo insurance underwriters recorded premiums of Ksh10 million and above. The highest was Kshs70.97 million. The […]

SOUTH AFRICA ? Viviene Pearson ? SAIA Chief Executive Officer and Director of the IISA.

The Insurance Institute of South Africa welcomes the recent appointment of Viviene Pearson to the Board. We look forward to Viviene contributing to the success of the IISA through her industry knowledge, experience and networks. Viviene has been the Chief Executive Officer of the South African Insurance Association (SAIA) since January 2016. She joined the […]

Africa Re: 42nd Ordinary General Assembly

Afirca ReAfrica Re?”s Ordinary General Assembly was held on 26 June 2020. Gathered through an online meeting due to Covid-19, the shareholders approved the accounts of 2019. The previous year ended with a turnover of 845 million USD, up by 6% compared to 2018. The net result rose from 31.269 million USD in 2018 to […]

Waica Re to hold a competition open to insurance professionals

In an attempt to boost economic and financial development in West Africa, Waica Re is organizing the first edition of the annual Corporate Social Responsibility (CSR) competition entitled ?SPractical Solutions to Natural Disasters in West Africa??. The competition is an opportunity for insurance professionals to propose solutions to the natural disaster-related issues in their respective […]

Reinsurers to absorb significant coronavirus losses

Fitch Ratings believes that reinsurers have absorbed significant coronavirus-related losses. According to the rating agency, the overall combined ratio of the reinsurance market increased by 10.4 points during H1 2020 and was set at 101.8% compared to 91.4% in 2019. Such deterioration is closely linked to business interruptions and cancellation of events caused by Covid-19. […]

Nigeria Re: Akinsola Ale, new Managing Director/CEO

Akinsola Ale has been appointed Managing Director/CEO of Nigeria Reinsurance Corporation (Nigeria Re). Akinsola Ale This decision was endorsed by the National Insurance Commission (NAICOM) on 31st August 2020. A graduate of the University of Lagos and the Chartered Insurance Institute in London, Akinsola Ale bags over 30 years of professional experience in the insurance […]


The new strategic plan, which redefines the strategic objectives and specific actions to be taken is a blue print document that reviews the organisation?”s current performance status in comparison with its abilities, expectations from its members and stakeholders, requirements of African?”s insurance and reinsurance markets as well as comparison with peers with a similar mandate. […]

AIO Executive Committee member, Bachir Baddou, Elected Treasurer of the Executive Committee of the Global Federation of Insurance Associations

Bachir Baddou, General Manager of the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR), Past President and current Executive Committee member of the African Insurance Organisation has been elected to the Executive Committee of the Global Federation of Insurance Associations (GFIA). B. Baddou will serve as Treasurer. Since November 2016, B. Baddou has been the […]

Mr. Karim Diarassouba is the new General Manager of CICA-Re

Karim Diarassouba has been appointed General Manager of the Reinsurance Company of the Member States of the Inter-African Conference of Insurance Markets (CICA-Re).Mr. Diarassouba of  Ivorian nationality, served as his country?”s Director of insurance for eight years.The new General Manager who will be based in Lomé, Togo, will take office on 2 January 2021.He takes […]

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The African Insurance Organisation (AIO), established in 1972, is a non-governmental organisation recognised by many African governments.

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