In a significant development for the African insurance industry, Yared Mola, the CEO of Nyala Insurance S.C., has been appointed as the Vice President of the African Insurance Organization (AIO).
The AIO, a non-governmental institution headquartered in Yaounde, Cameroon, was founded in 1972 with the primary objective of promoting the competitive and sustainable development of the insurance industry across the African continent. Yared’s appointment was made following the conclusion of the organization’s 50th Conference and General Assembly, held from June 1st to 5th, 2024, in Windhoek, Namibia.
The conference focused on the pressing issue of coping with rising natural catastrophes across Africa, a growing challenge that the industry will need to address in the coming years.
Yared, who has over 30 years of experience in the insurance industry, is expected to be promoted from Vice President to full-fledged President of the AIO next year, in line with the organization’s practices.
In 2019, Yared was awarded the prestigious “Best CEO of the Year” title for his demonstrated leadership, raised standards of competence, and significant achievements. Currently, he is pursuing a PhD at the Paris School of Business and also serves as the President of the Association of Ethiopian Insurers (AEI).
The news of Yared’s appointment has been met with enthusiasm within the African insurance community, as his extensive experience and proven track record are expected to contribute to the continued growth and development of the industry across the continent.
Furthermore, it was announced that in 2025, Ethiopia will be the host for the AIO’s 51st Conference and General Assembly, underscoring the country’s prominent role in the African insurance landscape.
