The achievements of the Arab General Insurance Union
Over the past 60 years, the General Arab Insurance Federation has partaken in and/or initiated important debates in the Arab insurance market.
Its achievements include the introduction of the orange insurance card, the establishment of Arab fire and reinsurance pools, the establishment of Arab Re in 1972, etc.
The following is a chronology of the main projects and achievements in which GAIF has been involved:
Achievements
- 1964 – presentOngoing work: Arabization of insurance terms, policies and clauses
- 2023Establishment of Arab Actuaries League in Beirut, Lebanon
- October 2022Launch of the "Natural disasters: towards an Arab insurance initiative" program
- May 2022Establishment of a supervisory unit for the inter-Arab motor insurance system: Orange Card
- April 2022Digitization of the Orange Card
- 2015Conducting statistical studies on the insurance markets of GAIF member countries: evolution of premiums between 2018 and 2020
- 2014Holding the first Dr Rajai Sweis Insurance Research Award
- 2009Establishment of the Arab Insurance Regulations League in Amman, Jordan
- 2008Establishment of Arab Insurance Broker League in Damascus, Syria
- 2006Establishment of the Arab Insurance Institute (AII)
- 2005-2020Organization of specialized seminar
- 1992-2020Publication of several technical books on insurance in Arab countries
- 1992Establishment of a directory of Arab insurance and reinsurance companies
- 1986Establishment of an Arab reinsurance pool, managed by Arab Reinsurance
- 1983Publication of the 1st issue of the quarterly Arab Insurance Magazine
- 1975-1977Implementation of the Orange Card for inter-Arab motor insurance
- 1972Establishment of Arab Re, a reinsurance company based in Beiru
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Thu, 15/02/2024 - 16:22
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