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FAIR Oil & Energy Underwriting Forum "FEOUF"

For Various reasons, Local Insurers in many oil-producing Countries have been unable to deal with, the various local oil and gas risks which are characterized by specialized technology, high values concentrated in limited areas and with high loss potential, single handidly.

Therefore, FAIR Oil & Energy Underwriters are called upon to face the challenges collectively to develop capacity and promote an underwriting expertise capable of dealing with the complex and sophisticated nature of Oil & Energy Risk. They are invited to come together and work more closely, under the umbrella of FAIR Oil & Energy Underwriters Forum, which holds its meetings in conjunction with FAIR Reinsurance Forum “FRF”.

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FAIR Life Insurance Professional Group "FLIPG"

The Life Insurance penetration in the majority of the African and Asian countries is still too low. Millions of people, even those who have enough disposable income do not hold life policy.

In addition, the economic reforms are going on and the contemporary social and economic changes represent both challenge and big window of opportunities for the life insurers.

The increasing consumer sophistication, naturally razes the demand on quality and the growing moves toward more investment-linked products, encourage insurers to look at the techniques of investment management beside their continued role in risk i.e. death, medical and accident. In addition, the entry of the giant multinational insurers spurs fierce competition in the markets.

Bearing all this in mind, “FAIR Life Insurance Professional Group “FLIPG” was established to encourage life insurance Professionals and Managers to sit together to share and discuss the technical and administrative matters which impact their work.

FLIPG is formed mainly from representatives of life Insurance companies in addition to the interested composite and life reinsurance companies.

Members of the group name topics for the agenda of their meetings and FAIR Central office act as Agenda Manager, prioritizing and circulating the topics which are most named by members allowing plenty of time to compile information and Members’ views and to prepare papers for each agenda item.

FLIPG holds its meetings in the course of the Executive Committee sessions.

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FAIR Brokers & Consultants Society "FBCS"

FAIR Brokers & Consultants Society “FBCS” has been established, aiming at developing the profession and having a progressive and powerful arm to spur regional cooperation and to encourage business exchange among FAIR Members.

■ FBCS Membership is opened to Afro-Asian Brokerage Companies and/or Insurance Consultancy Firms, which are:

a) Incorporated, and its headquarter established in Afro-Asian country

b) Owned at least 51% by Afro-Asians

c)  Licensed by the National Insurance Supervisory Authority

d)  Not an agent marketing the services of Non-Afro-Asian broker.

■ FBCS member shall pay:

-    US$100 Admission fees at the date of applying for membership

-    US$300 Annual Subscription for Brokerage Companies

-    US$200 Annual Subscription for Consultancy Firms

The annual subscriptions shall to be paid yearly in January

■ The society consists of the following organs;

1)   The General Meeting “FBCS GM”:

2)   Coordinating Committee “FBCS CC”:

The Chairman of the FBCS CC will be invited to participate in the FAIR Development & Cooperation “D & C” Sub-Committee.

Members of FBCS CC will be invited to participate in FAIR General Meetings, and all Members of the Society will be invited for;

- FAIR Reinsurance Forum “FRF”

- FAIR Oil & Energy forum “FOEUF”

They pay registration fees in FAIR Conferences as FAIR members, i.e. not observers, and may hold special badges.

Application Form

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