Association of Insurers and Reinsurers of Developing Countries

AIRDC and AISADC

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AISADC

Association of Insurance Supervisory of Developing Countries

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The Association of Insurance Supervisory of Developing Countries (AISADC) was a product of the first two of three conferences of the Third World Insurance Congress (TWIC) held in Manila, Philippines (1977), Buenos Aires, Argentina (1980) and Nairobi, Kenya (1982) respectively, wherein the insurance supervisory authorities who attended the conferences got together and signified their intention to organize themselves into a formal organization.  The first formal meeting of the Association was held in Manila on January 27-28, 1983 hence formally establishing the AISADC.

THE O
RGANIZATION
It is a non-political, non-religious and non-profit making association was organized to develop and expand  international collaboration and cooperation in the field of insurance supervision or regulation. Its members consist mainly of insurance supervisory authorities from their respective countries.

OBJECTIVES

The supervisory authority aims to take all measures as it may deem necessary or  desirable to assist, develop faster, promote and strengthen mutual understanding and cooperation among its members in the discharge of their official duties, and to extend assistance to any developing country upon its requests, in the establishment or strengthening of insurance supervision in such country.

Members include Insurance supervisory authorities in 17 countries:
Africa: Egypt, Nigeria, Senegal, Tanzania UR.
Asia: China, India, Iran Islamic Rep, Korea Rep, Nepal, Philippines, Sri Lanka, Thailand.
Australia: Papua New Guinea, Samoa.
Europe: Netherlands Antilles.
Latin America: Cuba, Ecuador.

 

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