The 24th Conference of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) has kicked off Monday in Cairo. The event is being held on October12-14, 2015, entitled "Building on 50 Years of Regional Cooperation". Abdel Raouf Kotb – Chairman of Insurance Federation of Egypt (IFE) –presides the Federation of Afro-Asian Insurers and Reinsurers (FAIR) next October. 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. 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.
