The Federation of Afro-Asian Insurers and Reinsurers "F.A.I.R." was established in September 1964, to promote cooperation among insurance and reinsurance companies in Africa and Asia, through the regular exchange of information, expertise and the development of business relations.
Being a professional business association, FAIR is dedicated to the cause of regional cooperation and the development of the Insurance Industry in Afro-Asian Countries.
Under the umbrella of FAIR, the entities listed hereunder were established to realize its objectives. The respective activities are being undertaken as follows:
I. FAIR Pools & Syndicate:
1) FAIR Non-Life Reinsurance Pool, "managed by Milli Re, Turkey"
2) FAIR Aviation Pool "managed by Societe Centrale de Reassurance "SCR", Morocco":
3) FAIR Oil & Energy Insurance Syndicate "managed by Trust Re, Bahrain"
II. FAIR Forums & Societies:
1) FAIR Reinsurance Forum “FRF”
2) FAIR Oil and Energy Underwriters Forum “FOEUF”
3) FAIR Life Insurance Professional Group, “FLIPG”
4) FAIR Brokers & Consultants Society “FBCS”
III. FAIR Work Progammes & other Activities:
Revising the strategies of FAIR and mapping out its relevant programmes is a continuous process constituting the main concern of FAIR Executive Board, and FAIR Central Office.
Special attention is always given to the following issues:
1. Educational Matters to Enhance knowledge and technical expertise:
2. Risk Management & Loss Prevention to promote the relevant new concepts:
3. Agricultural Insurance:
4. Takaful Insurance:
5. Credit Insurance:
V. Issuing FAIR Review
The “FAIR Review” is published quarterly by the Central Office and circulated to Members free of charge.
IV. FAIR Conferences and other Meetings:
FAIR Conferences are organized biannually in Africa or Asia rotatively, according to a decision from the General Meeting, which is the supreme authority of FAIR.