West African Insurance Companies Association’s
West African Insurance Companies Association (WAICA) is a non-profit trade association founded in 1973 serving insurance and reinsurance companies across Ghana, Nigeria, Sierra Leone, Liberia, and The Gambia through education, advocacy, and industry events.
- Company typePrivate
- Founded1973
- HeadquartersAccra, Ghana
- Headcount1–10
- GTM typeB2B
- OfferingServices
What West African Insurance Companies Association’s does
West African Insurance Companies Association (WAICA) is a non-profit regional trade association founded in 1973 and headquartered in Accra, Ghana, that functions as the umbrella body for insurance and reinsurance companies operating in the five English-speaking member states of the Economic Community of West African States (ECOWAS): Ghana, Nigeria, Sierra Leone, Liberia, and The Gambia. The organization operates a lean secretariat with reported headcount of 1–10 employees, led by Secretary General/CEO Davis Iyasere.
The association's core products are industry education and convening services, delivered through a recurring portfolio that includes annual education conferences, peer-reviewed journals, expert presentations, executive masterclasses aimed at senior practitioners, and inter-school quiz competitions designed to build insurance and actuarial literacy across the region. Its revenue model is built on annual membership dues paid by insurance and reinsurance companies in the five member jurisdictions, supplemented by event registration fees that are tiered by member status ($300 per attendee for members, $500 for non-members at conferences).
WAICA's strategic posture combines knowledge dissemination with industry advocacy, including active engagement in regional insurance regulatory harmonization initiatives across West Africa. The association maintains partnerships with continental and commercial counterparties — notably the African Insurance Organization (AIO) and SanlamAllianz — to extend its convening reach and co-develop programming for member insurers. As a non-profit trade body, WAICA does not generate commercial technology revenue and its value proposition to members is institutional representation, cross-border networking, and professional development rather than productized services.
West African Insurance Companies Association’s firmographics
Firmographics- Name
- West African Insurance Companies Association’s
- Legal name
- West African Insurance Companies Association
- Website
- https://waica.net
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- West African Insurance Companies Association (WAICA) is a non-profit trade association founded in 1973 serving insurance and reinsurance companies across Ghana, Nigeria, Sierra Leone, Liberia, and The Gambia through education, advocacy, and industry events.
- Ownership category
- akta.pro rank
Where West African Insurance Companies Association’s is headquartered
LocationHeadquarters
- HQ city
- Accra
- HQ country
- Ghana
- HQ region
- Africa
Offices1 record
Markets served
West African Insurance Companies Association’s business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Membership dues and event fees: WAICA generates revenue through membership fees from insurance companies across English-speaking West Africa. Event registration fees provide additional revenue, with differential pricing for members ($300) and non-members ($500).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | One-time | WAICA Members - 3-Day Executive Masterclass on Upstream & Offshore Energy Insurance Program |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
West African Insurance Companies Association’s product offering
Product offeringCore offering
WAICA is a regional trade association serving insurance companies in the five English-speaking West African countries. It delivers membership services, an annual education conference, executive training programs (such as the Upstream & Offshore Energy Insurance masterclass), industry journals, archived conference presentations, and representation on regulatory harmonization initiatives across the subregion.
Product overview
WAICA (West African Insurance Companies Association) operates as a regional industry association for insurance companies in English-speaking West Africa, founded in 1973. Rather than a unified product platform, WAICA provides a portfolio of member services including annual education conferences, professional training programs (executive masterclasses), published journals, and archived presentations. These services are distributed through events and digital resources rather than a software product architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- WAICA Education Conference
Companies that use West African Insurance Companies Association’s
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
West African Insurance Companies Association’s technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
West African Insurance Companies Association’s partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- African Insurance Organization (AIO)coreWAICA and AIO signed a strategic partnership agreement to advance the insurance industry in the subregion. The partnership aims to recognize the important role of cooperation in developing insurance and reinsurance across Africa. The framework includes exchange of information, statistics, reports, joint technical webinars, seminars, workshops, and mutual participation in conferences. The agreement is non-binding and focuses on technical cooperation and member benefits.
- SanlamAllianzminorWAICA expressed support for SanlamAllianz, a joint venture between Sanlam and Allianz creating a Pan-African non-banking financial services company with presence in 27 African countries. WAICA Secretary General Davis Iyasere indicated readiness to partner with SanlamAllianz to enhance their presence and ensure seamless operations and regulatory approvals across WAICA member countries including Ghana and Nigeria.
Scale indicators2 records
Recent moves5 records
Expansion highlights3 records
West African Insurance Companies Association’s competitors and assessment
Company assessmentOthers
- West African Bankers Association (WABA): Regional industry association for banks in West Africa. Adjacent rather than direct: same association structure, multi-country scope, and government-endorsed mandate, but in the banking sector — useful for benchmarking governance and member-engagement models.
Broad incumbents
- Federation of Afro-Asian Insurers and Reinsurers (FAIR): Afro-Asian regional insurance federation providing cooperative exchanges, training, and industry data. Comparable as a multi-region insurance industry membership body, but with a broader geographic scope and a longer-established institutional mandate than WAICA.
Regional players
- Ghana Insurers Association: National insurance industry association for Ghana, where WAICA is headquartered. Provides the same membership, advocacy, and event-driven services to insurers within one of WAICA's core geographies and represents a potential parallel convening body in-country.
- East African Insurance Institute: Regional insurance training and professional development body in East Africa. Comparable to WAICA's masterclass and education programs in another African subregion, offering a structural benchmark for regional insurance education franchises.
- Nigerian Insurers Association (NIA): National insurance industry association for Nigeria, one of WAICA's five member countries. Operates the same association model (membership dues, advocacy, training) for a single-country membership base, making it functionally a country-level subset peer of WAICA.
- Insurance Institute of Ghana: Professional body focused on insurance education, training, and professional development in Ghana. Comparable to WAICA's executive masterclass and journal offerings but country-scoped, mirroring WAICA's training pillar at national scale.
Direct peers
- African Insurance Organization (AIO): Continental-level trade association for African insurers and reinsurers. Most direct peer — both serve insurance industry member companies, run annual conferences, publish journals, and have an active strategic partnership agreement with WAICA covering joint events and information exchange.
- Organisation of Eastern and Southern Africa Insurers (OESAI): Regional insurance industry association covering Eastern and Southern Africa. Closely comparable in structure and services to WAICA, and explicitly documented as a current co-organizing partner with WAICA on the OESAI Regional Quiz Challenge powered by Ghana Re.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
West African Insurance Companies Association’s social profiles
Digital presenceWest African Insurance Companies Association’s financial estimates
Financial estimateRevenue estimate
Valuation estimate
West African Insurance Companies Association’s leadership team
Management profileNumber of profiles
Profiles1 record
West African Insurance Companies Association’s funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
West African Insurance Companies Association’s M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about West African Insurance Companies Association’s
What does West African Insurance Companies Association’s do?
WAICA is a regional trade association serving insurance companies in the five English-speaking West African countries. It delivers membership services, an annual education conference, executive training programs (such as the Upstream & Offshore Energy Insurance masterclass), industry journals, archived conference presentations, and representation on regulatory harmonization initiatives across the subregion.
Is West African Insurance Companies Association’s a public or private company?
West African Insurance Companies Association’s is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was West African Insurance Companies Association’s founded?
West African Insurance Companies Association’s was founded in 1973. It employs 1 to 10 people.
Where is West African Insurance Companies Association’s based?
West African Insurance Companies Association’s is headquartered in Accra, Ghana, in the Africa region.
How does West African Insurance Companies Association’s make money?
One revenue line is on record: membership dues and event fees.
Who are West African Insurance Companies Association’s's main competitors?
West African Bankers Association (WABA) is listed as an others. Federation of Afro-Asian Insurers and Reinsurers (FAIR) is listed as a broad incumbent. Regional players are Ghana Insurers Association, East African Insurance Institute, Nigerian Insurers Association (NIA) and Insurance Institute of Ghana. Direct peers are African Insurance Organization (AIO) and Organisation of Eastern and Southern Africa Insurers (OESAI).
Does West African Insurance Companies Association’s have an API?
No public API is recorded for West African Insurance Companies Association’s.