Federation membership is available to
A-All Insurance & Reinsurance Companies and Associations which practice its
activities for their own account and registered in Arab Countries, also Arab
Insurance Controllers and National Insurance Federations
B-The Insurance & Reinsurance Companies which are registered in Arab or
Foreign Country , and basically practice their activities for their own account
in Arab Country which its legislation does not allow registering insurance
and reinsurance companies.
1-The Arab share in the capital is 51% at least
2-The majority of board of directors are Arab or appointed by them and should hold an Arab Nationality.
According to GAIF Articles of Association the levels of Membership are as follows:
A-Ordinary Members :
Any Arab Insurance & Reinsurance Company, Association and Organization
could be accepted as Ordinary Member in "GAIF" if the membership’s
conditions and provisions mentioned in article (7) of this constitution applied
on them. The Ordinary Members have the right to vote in the General
Conference, expressing their opinions in all matters, electing Market’s
representative in the Federation Council.
B-Associate Members :
The Following Arab Associations and Organizations could be accepted as Associate Members if the full membership’s conditions and provisions are not applied on them such as :
1-Arab Insurance Controller
2-Arab Insurance Federations & Associations
3-Arab Consultation Offices and Organizations working in the researchers field and developing insurance sector.
4-Arab Institutes & Centers specialized in training technical staff in the insurance industries.
5-Arab Associations and Organizations related to insurance and reinsurance
Associate Members have no right to vote in General Conference or to elect Markets Representatives in the Federation Council , but they have the right to express their opinions in the General Conference .
C-Observer Members :
1-Any Arab Insurance & Reinsurance company ( or its regional office) working
in the Arab countries and didn’t fulfill all membership conditions &
provisions (Capital , board of directors……etc.) or
Any Arab Insurance and Reinsurance company working outside the Arab
countries and fulfill the membership conditions & provisions according to the following regulations:
Observer Members have the right to attend the General Conference & express their opinions in the General Conference meeting but have no right to vote or to elect Markets Representatives in the Federation Council .
Arab Insurance & Reinsurance Companies working in the Arab Countries members in GAIFcould be public sector companies or private sector’s or joined companies
(Public & private sectors) .
By 1/1/2013 number of GAIF members reached 327 companies.