General_Arab_Insurance_Federation

General Arab Insurance Federation

General Arab Insurance Federation

Add article description

The General Arab Insurance Federation was established in September 1964 after a treaty was signed in Cairo, Egypt, in response to demands for such an organization by insurance companies. The headquarters of the Federation has also been in Cairo since 1964. The Secretary General of the Organization is Dr. Abdle Khalik Raouf Khalil, Born in Iraq. The General Arab Insurance Federation's(GAIF), main goal is to improve and encourage inner Arab Communication between Insurance sectors, and to develop the Insurance industry in the Arab States.

Members

It has 20 Arab members practicing its laws, all members in the Arab League, only Comoros and Djibouti have not signed the Agreement of the Federation. 268 insurance companies are members of the GAIF in the Arab states.

Working Councils

The Federation works and functions by the following councils

  • General Summit.
  • Federation Council
  • Executive committee.
  • General Secretariat.
  • Specialized Private Committees.

Achievements

Integration of Arab Economic and Insurance Markets

  • Including the GAIF in the GAFTA's Economic Plans.
  • Integrating the Legalized laws of insurance in the Arab States.
  • continue establishing cooperative Insurance Companies between Members.

Achieved Projects

  • Arabizing the Insurance Language.
  • Creating an Arab Orange Card.
  • Arab Insurance Self Sufficiency.
  • Creating a Unified ID system for Cars across the Arab States.
Share this article:

This article uses material from the Wikipedia article General_Arab_Insurance_Federation, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.