By Favour Nnabugwu
African Insurance Organisation is now set and ready to host the 48th AIO Conference and Annual General Assembly which will take place from 25th to 30th June 2022 in Nairobi, Kenya along the celebration if the 50 anniversary of the AIO.
President of the Local Organising Committee, Dr. Ben Kajwang said the theme for this year’s conference is, ‘Insurance and Climate Change: Harnessing the Opportunities for Growth in Africa’
Kajwang stated that the theme speak to the continent, adding the this year conference will more exciting to member countries and other stakeholders.
“The 48th Annual Conference is going to be rewarding and exciting. We invite you to come and experience warm Kenyan hospitality, indulge in our delicacies, get immersed in our rich cultural heritage and above all, experience our wildlife right next to the Conference venue”
He went further to say that the Conference papers will delve deeper into the African perspective of this global issue while focusing on Agriculture insurance, use of data for solutions and the power of consumer education. “It is our hope that delegates will find the information from the presentations relevant and valuable in their day-to-day business operations”
“We are therefore, happy and prepared to host you both in person and virtually. We have put in place adequate measures to ensure your safety”
For the AIO anniversary, he said the first day of the Conference, Monday. 27th June 2022 has been set aside to mark the Golden Jubilee under the theme ‘AIO at 50: A call for African Insurance Renaissance.’
On the theme chosen for this year’s conference, the President of the Local Organising Committee affirmed that insurance industry has a critical role to play in helping companies and nations manage, measure and reduce the impact of climate change.
According to him, “We therefore, cannot continue with business as usual in the face of increasing frequency and scale of risks caused by climate change, we must adjust our business models to better support Environmental, Social and Governance (ESG) issues”
“The last two years have taught us to be agile and responsive to our environment. What was termed as the ‘new-normal’ has been assimilated into our previous way of life and this makes us more flexible”.
Kajwang who touched on the pandemic that ravaged the world said,” Thankfully, we are witnessing lower infection rates and a weaker COVID-19 virus, increased vaccination numbers and easing of travel restrictions”
On climate change, he noticeable agreed that the world has changed, “in some cases for the better but for our environment and climate, it is taking a turn for the worse. The effects of climate change have resulted in more frequent natural disasters including floods, droughts, forest fires, melting glaciers and mountain snow caps”
Regrettably, he mentioned, “Africa has made negligible contribution to the effects of climate change yet, according to the World Meteorological Department, four out of 10 of the worst climate disasters in 2021, occurred in Africa”