Prior to 1960, the Insurance Industry was composed of five (5) separate and distinct Associations namely:
- The Fire Association of East Africa
- The Marine & Aviation Association of East Africa
- The Accident Association of East Africa
- The Motor Association of East Africa
- The Life Offices Association of East Africa
Each Association had its own Chairman and separate Constitution. At a meeting held on 15th February, 1960, it was proposed to merge four (4) Associations namely Fire, Marine and Aviation, Accident and Motor Association to form one General Association referred to as the Insurance Association of East Africa catering for General Insurance Business. The Life Offices Association of East Africa remained to promote Life Insurance Business.
Council of Kenya Insurers.
Following the Collapse of the East African Community in 1977, local incorporation of Insurance companies began in 1978. It was then proposed to merge both Insurance Association of East Africa with the Life Office of East Africa to form the Council of Kenya Insurers (C.O.K.I). The Council of Kenya Insurers was officially registered on 27th July 1979 and existed for ten years .
The Association of Kenya Insurers
The Association of Kenya Insurers (AKI) was thereafter established in 1987 as an independent non profit making consultative and advisory body. The Association was registered under the Societies Act, Cap 108 of the Laws of Kenya on 5th January, 1988 and on 21st of January, 1988 the AKI Constitution was ratified and adopted by members.The Association currently has fourty six (46) members.
To be Africa's leading insurance association.
AKI's mission is to provide, promote and champion excellence in the Kenyan insurance industry.
The success of the Association is dependent on the following key corporate values: -
- Quality service delivery