Egypt chairs Afro-Asian Insurers and Reinsurers Federation next October

Abdel Raouf Kotb – Chairman of Insurance Federation of Egypt (IFE) – will preside the Federation of Afro-Asian Insurers and Reinsurers (FAIR) next October.

This comes as Egypt will host this October the FAIR Conference in its 24th edition.

FAIR’s 24th Conference will take place in Cairo on October12-14, 2015. This year, FAIR celebrates its Golden Jubilee by holding its biennial conference in Egypt, where it was founded. FAIR conferences aim to promote cooperation among insurance and reinsurance companies in Africa and Asia, and typically attract hundreds of top executives and key decision makers from the industry to discuss the opportunities and challenges they face.

The Federation of Afro-Asian Insurers and Reinsurers 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.

Organising such major events in fact contributes to develop the Egypt’s insurance industry through alluring more investors to pump new investments into the country, Kotb noted.

FAIR 23rd Conference was held in Beijing, China on 16-20 September 2013, witnessing a presence of around 325 insurance and reinsurance figures from 52 African, Asian and European countries.