Algeria, Burma, Cambodia, China. Egypt, Ethiopia, Ghana, India, Indonesia, Iraq, Jordan, Korea, Kuwait, Lebanon, Libya, Malaysia, Morocco, Nigeria, Pakistan, Tunisia.
The opening session took place at the Town Hall of Cairo, on 3rd September 1964. Representatives of insurance and reinsurance companies, representing 20 Afro-Asian countries participated.
The Honorary President of the meeting was Dr. Abdel-Moneim El-Qaissouni, Deputy Prime Minister of Economy & Finance representing President Gamal Abdel-Naser. The speakers in the opening and closing sessions were Dr. Al-Qaissouny, Mr. Gul Mohamed, Mr. Ahmed Choukri ElHakim, Dr. Mohamed Ali Rifaat, Mr. Tsui Ping, Mr. Zahiruddin Ahmed, Mr. Ali El Shafei & Mr. Noureddine El Aneizi.
The meeting resolved to
Establish the Federation of Afro-Asian Insurers & Reinsurers “FAIR”,
Approved the Statute & Bylaws of FAIR,
Adopted the Statute and Byelaws of the Federation,
To elect Mr. Ahmed Choukri ElHakim, Chairman of the Egyptian General Insurance Organization, as FAIR President.
Mr. Ahmed Choukri ElHakim, the Founding President of FAIR., stressed the need to map out the Federation’s work program, which should be long¬term undertaking, “general and flexible”, allowing for future benefit of experience, experiment and review and, thereby, ensuring that growth be progressive and balanced.
After three days of strenuous work, the representatives laid the foundation for a new era in regional collaboration among Afro-Asian countries in the field of insurance.