ASEAN Insurance Council (AIC)
ASEAN Insurance Council (AIC) is envisioned to be the main regional platform for insurance leaders, professionals and practitioners to network and share their knowledge and expertise in various areas of the insurance business.
AIC is positioned to be strong, prestigious, and well-organized, to facilitate cooperation and collaboration among its members and with external partners, for a more resilient & sustainable development of the insurance industry.
AIC Background
In the effort to implement a series of Key Objectives, ASEAN has established various working groups to cater to a variety of developmental issues in many areas and one of them is AIC (ASEAN Insurance Council).
AIC was formally established subject to the articles of association under the laws of Indonesia in 1978. In 1983, AIC became one of the ASEAN Accredited Entities and acquired its formal status as an ASEAN Non-Governmental Organization (NGO).
AIC Objectives
- 1To promote the development of insurance and reinsurance in the Region, with due respect to the aspirations, laws and regulations of Member Countries;
- 2To promote regional co-operation in all areas of insurance and reinsurance;
- 3To establish, promote and co-ordinate institutions of learning and training in the specialized fields of, or relating to insurance or reinsurance in the Region;
- 4To conduct workshops, conferences and seminars, to publish a journal and to establish standing or ad hoc commissions for current insurance, reinsurance or related affairs of the Region;
- 5To establish statistical and information centers of insurance and reinsurance in the Region;
- 6To provide industry information to the insurance supervisory authorities of Member Countries upon which legislation to be made or reviewed could be based;
- 7To cooperate with other associations and/or organizations with similar objectives established within the Region, East Asia, The Asia Pacific region, The European Community and/or any other region of the world;
- 8To perform any such acts or to do any such things as may be necessary for the attainment of the above objectives.
AIC Organizational Structure
Apart from the main objectives as well as other operational guidelines, The ASEAN Insurance Council adopted a specific organizational structure throughout its years of operations. It has been determined by the council that the AIC body must consist of:
- A Chairperson of the Council
- Representatives from 15 AIC Council Members
- A Secretary-General
- An Executive Director
- The Secretariat
AIC Members
| Country | Association | Code |
|---|---|---|
 Brunei | Brunei Insurance and Takaful Association | BITA |
 Cambodia | Insurance Association of Cambodia | IAC |
 Indonesia | General Insurance Association of Indonesia (AAUI) | AAUI |
| Indonesia | Indonesia Life Insurance Association (AAJI) | AAJI |
 Lao PDR | Lao Insurance Association | LIA |
 Malaysia | General Insurance Association of Malaysia (PIAM) | PIAM |
| Malaysia | Life Insurance Association of Malaysia (LIAM) | LIAM |
 Myanmar | Myanmar Insurance Association | MIA |
 Philippines | Philippine Insurers and Reinsurers Association | PIRA |
| Philippines | Philippine Life Insurance Association | PLIA |
 Singapore | General Insurance Association of Singapore | GIA |
| Singapore | Life Insurance Association of Singapore | LIA-SG |
 Thailand | Thai General Insurance Association | TGIA |
| Thailand | The Thai Life Assurance Association | TLAA |
 Vietnam | Insurance Association of Vietnam | IAV |
Affiliated Members
GIAJ
General Insurance Association of Japan
AASI
Indonesia Shariah Insurance Association (AASI)
MTA
Malaysian Takaful Association