The ASEAN Insurance Council (AIC) is the regional platform representing the insurance industry across ASEAN.
The ASEAN Insurance Council (AIC) is the regional platform representing the insurance industry across ASEAN. It brings together national insurance associations and serves as a platform for insurance leaders, professionals, and practitioners to network, exchange knowledge and expertise, and strengthen regional cooperation and collaboration for a more resilient and sustainable ASEAN insurance industry.
AIC was established in 1978 and subsequently obtained formal status as a Non-Governmental Organization (NGO) in 1983. The AIC Meeting is held annually and, in recent years, has been organised alongside the ASEAN Insurance Regulators’ Meeting (AIRM), culminating in the AIRM–AIC Joint Plenary as a structured platform for dialogue between ASEAN insurance regulators and the industry.
AIC aims to:
1978
11 ASEAN countries
1983
15 associations
Regional insurance industry platform
3 associations
National insurance associations across ASEAN
AIRM–AIC Joint Plenary
AIC membership is primarily composed of national life and general insurance associations, rather than individual insurance companies.
| Country | AIC Member Association |
|---|---|
| Brunei Darussalam | Brunei Insurance and Takaful Association (BITA) |
| Cambodia | Insurance Association of Cambodia (IAC) |
| Indonesia | General Insurance Association of Indonesia (AAUI); Indonesia Life Insurance Association (AAJI) |
| Lao PDR | Lao Insurance Association (LIA) |
| Malaysia | General Insurance Association of Malaysia (PIAM); Life Insurance Association of Malaysia (LIAM) |
| Myanmar | Myanmar Insurance Association (MIA) |
| Philippines | Philippine Insurers and Reinsurers Association (PIRA); Philippine Life Insurance Association (PLIA) |
| Singapore | General Insurance Association of Singapore (GIA); Life Insurance Association of Singapore (LIA) |
| Thailand | Thai General Insurance Association (TGIA); The Thai Life Assurance Association (TLAA) |
| Viet Nam | Insurance Association of Vietnam (IAV) |
These 15 associations are currently listed by AIC as its Council Members.
AIC’s formal organisational structure comprises a Chairperson, representatives of the AIC Council Members, Secretary-General, Executive Director and Secretariat. AIC currently identifies Budi Herawan (AAUI, Indonesia) as AIC Chairman and Christian W. Wanandi as Secretary-General.
An important feature of AIC is that much of its substantive regional work is undertaken through specialised committees. Six AIC Sub-Committees are:
| Committee | Main Focus |
|---|---|
| COB – ASEAN Council of Bureaux | ASEAN compulsory motor vehicle insurance / Protocol 5 |
| ANDREWS - ASEAN Natural Disaster Research and Works Sharing | Natural disaster research and knowledge sharing |
| AIEC – ASEAN Insurance Education Committee | Insurance education and ASEAN Professional Insurance Diploma (APID) |
| ARWC – ASEAN Reinsurance Working Committee | Reinsurance cooperation and ASEAN Renewable Energy Pool |
| ATRWC – ASEAN Takaful/Retakaful Working Committee | Takaful and retakaful development and cooperation |
| AHMIC – ASEAN Health & Medical Insurance Committee | Health insurance, medical inflation, fraud and digitalisation |
| Area | Examples |
|---|---|
| Industry Development | Insurance penetration, market development, inclusion |
| Regional Cooperation | Cross-border cooperation and ASEAN insurance integration |
| Reinsurance | Regional capacity and renewable energy risks |
| Health Insurance | Medical inflation, fraud, digitalisation |
| Disaster Resilience | Natural catastrophe research and disaster risk financing |
| Takaful | Takaful and retakaful development |
| Human Capital | Insurance education, APID and professional development |
| Sustainability | Climate change, sustainable and resilient insurance |
| Regulatory Dialogue | Industry perspectives presented through the AIRM–AIC Joint Plenary |
AIC currently lists three affiliated members:
AIC Meetings: 1978–2026
52nd AIC Meeting in Bali, Indonesia | 16–19 November 2026
The 52nd ASEAN Insurance Council Meeting will form part of the AIRM–AIC series of meetings hosted in Bali, Indonesia, from 16–19 November 2026, alongside the 29th ASEAN Insurance Regulators’ Meeting and the AIRM–AIC Joint Plenary.
The overall meetings will be held under the theme: “Strengthening the Resilience of the ASEAN Insurance Ecosystem: Navigating Global Uncertainty and Accelerating Digital Transformation.”
For AIC, the meeting provides an opportunity for ASEAN insurance associations and industry leaders to consolidate regional industry perspectives, review the progress of AIC committees and initiatives, and engage directly with ASEAN regulators through the AIRM–AIC Joint Plenary.
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