AIDA Israel was established by the first president and founder, Judge H. Lovenberg, as the Israel branch of AIDA International, in order to develop and advance insurance laws in Israel and to promote international cooperation in these fields.

AIDA Israel holds bi-annual professional meetings, on matters relevant to insurance i.e. the status of the insurance broker, policies based on date of occurrence and date of notification, Insurance Contract Law, Reinsurance and the like.