Established in 1963, it exists to promote the interests of corporate insurance buyers and those involved in Enterprise Risk Management, and to encourage best practice.
It is run as a not-for-profit company limited by guarantee, governed by a board of directors elected from members with support from a full-time London-based secretariat.
Airmic’s ten-year strategy (agreed, 2011) highlights five key priorities: Membership can either be on an individual or corporate basis; there are around 1300 members and nearly 400[1] different companies represented.
In recent years it has produced a number of initiatives to assist insurance buyers, especially in relation to claims payment, contract clauses and the placement of global programmes.
Airmic produces internally a wide range of technical publications designed to support members in their work.