The African-Asian Federation of Insurance and Reinsurance (FAIR) calls for greater market openness

Aware of the role it must play, the Africa-Asian Federation of Insurance and Reinsurance (FAIR) wants greater market liberalization.

The theme of the 26th joint conference, which opens from 23 to 25 September in Marrakesh, is illustrative: « the new economic barriers in the Afro-Asian insurance markets ».

The objective of this biennial meeting is to create a platform of innovative solutions to better support the insurance and reinsurance market in both continents.

For 3 days, nearly 900 participants from different insurance companies from Africa, Asia, Europe, the Middle East … will discuss on this subject.

Stakeholders will also address other key themes with particular emphasis on the life insurance sector. A branch where the penetration rate is still low in Asia and Africa.

According to official statistics, the life sector represents only 25% of the total turnover of the insurance sector in Francophone Africa (« CIMA » zone).

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