African Insurers Look to Integrate AI in Their Business Model
The African Insurance Organization (AIO) held its 30th African Reinsurance Forum at the Balaclava InterContinental Resort in Mauritius from 10 to 14 October 2026. The Forum coincides with the 30th anniversary of the event, and this year the theme was ‘From Data to Decisions: How Artificial Intelligence is Transforming Re/insurance‘.
The Mauritian Minister of Financial Services Jyoti Jeetun and the Chair of AIO and Insurance Federation of Egypt Alaa El-Zoheiry delivered keynote addresses. Other than the local Insurers Association of Mauritius, represented by its Secretary-General Vasish Ramkhalawon, several African insurance associations across more than 50 countries sent around 500 delegates to the Forum. It is worth noting that the membership of AIO itself covers 47 out of 55 African countries.
In addition, several insurance bodies with interest in the African market attended the Forum, Thus, Mandarin Re, New India Assurance, PINC Insurance, Al Huda Center of Islamic Banking and Economics were present. Furthermore, global rating agencies such as Fitch and Moody’s made a notable appearance.
In her keynote, Minister Jeetun highlighted that #AI, combined with high-resolution satellite imagery and precision climate data can improve risk assessment and assist insurance to come up with more suitable products. She called for the insurance industry to adopt technological advances to bring about practical solutions to make insurance protection more accessible and affordable.
On the other hand, AIO Chair El-Zoheiry expanded on the use of using AI to process big data as a technological tool for actuarial work. He also undersocred the need for data protection and the importance of cybersecurity for the re/insurance industry.
During the Frou, the AIO launched its Annual Report and its inaugural digital publication entitled ‘African Insurance Vanguard’. The next edition will most likely be scheduled for October 2027. The host country for the 31st edition is usually decided at the AIO General Assembly that takes place typically in the May to June timeframe every year.