About Us

Supporting Risk Managers

Promoting Risk Management

AIRMIC has a membership of nearly 1,000 and represents the insurance buyers for about 75% of the FTSE 100, as well as very substantial representation in the mid 250 and other smaller companies.  AIRMIC members control about £5 billion annually of insurance premium spend.  A further £2billion of premium spend is allocated to captive insurance companies within member organisations.  Additionally, members are responsible for the payment of insurance claims from their company finances to the value of at least £2 billion per year.  

In addition to insurance responsibilities, many AIRMIC members are responsible for broader risk management activities, including project, operational and enterprise risk management.  Many members operate at very senior level within their organisations and have direct input at Audit Committee, Executive Risk Management Committee, as well as making regular Board presentations.   

The strategic objectives of AIRMIC are:

1. To represent member interests with Government, the European Union, insurance and other regulators and risk management professional bodies
2. To develop risk management by promoting the case for business risk management and by sponsoring and publishing research and guides 
3. To facilitate exchange of ideas and information by organising conferences and seminars, by arranging industry, focus and special interest groups and by publishing the monthly newsletter, AIRMIC News 
4. To encourage effective use of insurance by providing a forum for improving insurance products and services and by representing the interest of insurance buyers