The General Arab Insurance Federation was established in September 1964 after a treaty was signed in Cairo

Cairo

Cairo , is the capital of Egypt and the largest city in the Arab world and Africa, and the 16th largest metropolitan area in the world. Nicknamed "The City of a Thousand Minarets" for its preponderance of Islamic architecture, Cairo has long been a centre of the region's political and cultural life...

, Egypt

Egypt

Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...

, in response to demands for such an organization by insurance companies. The headquarters of the Federation is also in Cairo since 1964. The Secretary General of the Organization is Dr. Abdle Khalik Raouf Khalil, Born in Iraq

Iraq

Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....

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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

Arab League

The Arab League , officially called the League of Arab States , is a regional organisation of Arab states in North and Northeast Africa, and Southwest Asia . It was formed in Cairo on 22 March 1945 with six members: Egypt, Iraq, Transjordan , Lebanon, Saudi Arabia, and Syria. Yemen joined as a...

, 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 commity.
• 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.