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Federation of Afro-Asian Insurers & Reinsurers
F. A. I. R.
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Meetings |
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Federation of Afro-Asian Insurers & Reinsurers
F. A. I. R.
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Meetings |
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In Cairo, in September 1964, the representatives of insurance and reinsurance companies, from 20 Countries, including Algeria, Burma, Cambodia, China, Egypt, Ethiopia, Ghana, India, Indonesia, Iraq, Jordan, Korea, Kuwait, Lebanon, Libya, Malaysia, Morocco, Nigeria, Pakistan, and Tunisia, got together for the specific purpose of developing a programme of collaboration among Afro-Asian countries in the field of insurance. Discussions at the meeting revealed full recognition of the international significance of reinsurance. Such recognition did not however, detract attention from the urgency of initiating a thorough re-appraisal of the position and- requirements of Afro-Asian countries and the appropriate endeavours to safeguard their legitimate interests vis-a-vis outside markets. This was not to say that under the aegis of FAIR, the Afro-Asian Insurers and Reinsurers were to consider as mutually exclusive pursuits their own collaboration and their cooperation with the outside markets. This was proved with time that both pursuits progressed apace. The meeting's unanimous decision to create the Federation of Afro-Asian Insurers and Reinsurers "F.A.I.R.", was not merely a symbolic act or a formal acknowledgment of a common aspiration, but a truly realistic manifestation of a meaningful determination, not only to promote the self-interest of the insurance sector, but also to contribute to the realization of the objectives of complete Afro-Asian economic co-operation. |
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FAIR General Meetings |
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The General Meeting is the supreme Authority of FAIR. It holds sessions at least once every two years rotatively in Africa & Asia. FAIR General Meeting determines inter alia the general policy, the work programme. It also elects the President and the Executive Committee from amongst representatives of ordinary members from different countries. Since inception, each successive General Meeting has been a stepping stone in the maturity of the Federation attracting more members who are dedicated to the development of the insurance industry, loyal to regional cooperation and competent professionally to be internationally active partners. |
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FAIR Executive Committee Meetings |
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The Executive Committee represents and exercises all the powers of the General Meeting save when the latter is in session. According to the Statute, the Executive Committee should meet at least once a year. During the convocation of the General Meeting, it acts as a Steering Committee. The Executive Committee is, at the same time, the Permanent Technical Committee, and in such a capacity it appoints Technical Adhoc Sub-Committees to study specific subjects and also to deal with the financial side of the Federation. |
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FAIR in Brief Join FAIR Directory Meetings Seminars FAIR Review Pools&Syndicate Forums&Societies Researches&Archive |
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Mail: 14 Gawad Hosny Street, Cairo 11599 - Egypt
E-Mail: central-office@fair.org.eg &
review@fair.org.eg Tel: + 20 2 3923630 / 3951815 Fax: + 20 2 3921848 / 3961007 |
