Company Profile
AAR Insurance
Nairobi, Kenya
Company Description:
When AAR started operating in 1984, our primary business was evacuation of medical and accident casualties, both by road and air. As our membership increased, so did the needs of our clients, creating more opportunities to comprehensively provide healthcare packages for our clients.
Our flexibility, innovation and readiness to respond to the needs of our clients made us the leading healthcare company in East Africa and in 2012 we evolved into two independent companies; AAR Healthcare Ltd which provides quality and affordable medical services through its clinic network, and AAR Insurance Ltd which offers a wide range of medical and non-medical insurance products.
Today, AAR Insurance is a licensed financial services provider in Kenya and a member of the Association of Kenya Insurers (AKI) with presence across the country through its intensive branch and broker network.
AAR Insurance is not the typical insurance company. We know everyone says that. But we are different because we acknowledge that flexible and simple insurance solutions are an important cornerstone to the economic empowerment of Africa’s people, and we are committed to creating an environment that empowers businesses and people to take control of the things that matter most to them.
KEY MILESTONES
- 1984: Africa Air Rescue Company offering accident and medical evacuation services by road and air is started in Nairobi, Kenya
- 1991: AAR Kenya expands into heathcare services by becoming a medical insurance provider
- 1994: AAR sets up its Uganda operations by opening an office in Kampala.
- 1995: AAR exports AAR’s private managed healthcare philosophy into Central and Eastern Europe by starting Medicover, the largest private medical provider in that part of Europe today.
- 1988: AAR opens its first office in Dar-es-Salaam, Tanzania
- 2000: The AAR Beckmann Trust, named in memory of one of the founding directors Peter Beckmann, is born. Its mission is to produce positive sustainable social, economic and environmental impact for the business and society in general.
- 2004: Project Ventures International (PVI) becomes a shareholder in AAR Group.
- 2005: AAR opens its Rwandan operation in Kigali.
- 2007: AAR Insurance Tanzania begins operations and is granted an insurance license.
- 2010: The AAR Beckmann Trust kicks off the ‘Trees for Health Programme’ programme, which combines the health of the environment with children’s health, and directly involves schools, communities, teachers and children in the tree-planting and de-worming process, from hole preparation to care and management of the tree, thus building an environmentally-conscious generation.
- 2010: IFHA commits to invest KShs 750million in the AAR Group
- 2011: AAR exits the Rwandan market, citing unfavourable regulatory and business environment.
- 2011: The AAR Group’s shareholders resolve to separate the business into two distinct units, AAR Healthcare providing quality healthcare solutions through clinic and emergency rescue services, and AAR Insurance, offering a wide range of insurance solutions to both individuals and corporate institutions.
- 2011: AAR is voted the best Medical Insurance Provider and scoops the most Socially Responsible Corporate Award during the Insurance awards for its Trees for Health programme which has positively contributed to the growth and betterment of the community.
- 2012: AAR Health Services Kenya is granted an insurance licence by the regulator and becomes a fully fledged insurance company, AAR Insurance Kenya Limited, providing tailor-made insurance solutions for all.
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