Dr Ben Kajwang, the director of the College of Insurance, was on 1st July named the President of the African Insurance Organisation (AIO) at the just concluded 48th AIO Conference and Annual General Assembly held at the Edge Convention Centre in Nairobi.
Dr Kajwang is the immediate past Vice President, and he takes over from Mr Tope Smart from Nigeria who served from 2021 to 2022. Speaking during the handover ceremony, Dr. Kajwang’ said during his tenure he will champion the implementation of the AIO strategic plan.
The strategic plan focuses on advancing policy interest of the African insurance industry, creating a data repository on African insurance markets and building the capacity to address emerging issues.
The Kenyan insurance industry is one of the most dynamic markets on the continent. According to statistics from the Association of Kenya Insurers, Kenyan companies have a footprint in 11 African companies, in East and Southern Africa. The AIO Conference has provided a critical platform where the whole African insurance industry can network and form partnerships across the continent.
During the Conference, the Association of Kenya Insurers signed a partnership agreement with the Moroccan Reinsurance Company to build capacity for the Kenyan insurance industry on how to cultivate consumer education.
The Kenya Women in Insurance Association was also launched at the side-lines of the Conference. The association is aimed at creating a platform to promote the representation of women in the insurance industry through education, mentorship, and collaboration.
The AIO Conference brought together over 1,000 delegates from across Africa to deliberate on issues of insurance and climate change and the risks and opportunities that exist for the industry. The Conference focused on issues of sustainable insurance, disaster risk financing, data driven insurance and the role of technology across the insurance value chain.
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