Emerging Markets Towards Resilient Growth
Hosted by GIC Re, Mumbai I 5-8 October 2025
Media Partner : The Insurance Times
The 29th Conference of the Federation of Afro-Asian Insurers and Reinsurers (FAIR) was successfully held in Mumbai from 5 to 8 October 2025, hosted by GIC Re. Over 1,000 delegates from more than 50 countries across Africa, Asia and beyond gathered under the theme “Emerging Markets-Towards Resilient Growth.”
The event marked a milestone in the collaboration between African and Asian markets, reaffirming FAIR’s vision of solidarity, technical cooperation, and sustainable expansion.
The Insurance Times was the media Partner in the event.
About FAIR
Founded in 1964 under the auspices of UNCTAD and headquartered in Cairo, the Federation of Afro-Asian Insurers and Reinsurers (FAIR) promotes collaboration, technical knowledge exchange, and cross-border growth among its members.
FAIR comprises insurers, reinsurers, brokers, consultants, and educational institutions from 53 nations. Its reinsurance mechanisms include the FAIR Non-Life Reinsurance Pool, FAIR Aviation Pool, and FAIR Oil & Energy Insurance Syndicate, each achieving strong technical performance and international ratings.
Together they symbolise FAIR’s core philosophy of mutual growth through shared capacity and expertise.
Conference Overview
The four-day event offered a perfect blend of technical sessions, bilateral meetings, and cultural exchange.
FAIR Secretary General Mr Mo’men Mukhtar welcomed delegates and reiterated the importance of cooperation between Africa and Asia in addressing new risks and fostering innovation. He emphasised that collaboration among members strengthens market resilience even amid global uncertainties.
Day 1- 5 October 2025
The conference began with a series of committee meetings: the 18th Risk Committee Meeting and 59th Technical Board Meeting of the FAIR Oil & Energy Insurance Syndicate, followed bythe FAIR Steering Committee Meeting.
Later in the evening, delegates mingled at the Welcome Cocktail Dinner, setting a warm tone for the days ahead.
Day 2- 6 October 2025
The official Opening Ceremony and Keynote Session featured addresses by the Chairman of the Organising Committee, FAIR Secretary General, FAIR President, leaders from GIC Re and The New India Assurance Co. Ltd, and the Guest of Honour.
The first plenary session on “Navigating Political Risk and Currency Volatility in Emerging Markets” featured a distinguished panel including Mr Amitabha Ray (Swiss Re), Dr Abhijit Chattoraj (RMAI), Mrs Prabha Chokhani (WTW), Mr Ahmed AI-Jabr (Saudi Re) and Mr Andrew Selous (C&C Insurance Group UK).
The day also saw the FAIR Oil & Energy Syndicate General Assembly, the FAIR Executive Board Meeting, and the FAIR Aviation Pool General Assembly, alongside busy bilateral meetings throughout the venue.
Day 3- 7 October 2025
The morning opened with Plenary Session II on “Innovative Risk Transfer Solutions for Emerging Market Exposures.”
Speakers included Mr Deepak Godbole, Mr Souvik Banerjea, Mr Mohammad Almarhoon, Mr Pratik Priyadarshi, and Dr Younes Mazlumi, who shared insights on alternative capital, parametric products, and new reinsurance structures.
Plenary Session Ill, on “Reinsurance Strategies for Expanding Insurance Access – Supporting IRDAl’s 2047 Vision,” featured Mr G. Srinivasan, Mr Mahipal Reddy, Mr Sanjay Radhakrishnan, Mr Satyajit Tripathy, and Mr Sanjay Mokashi.
A felicitation ceremony honoured an aspiring student for academic excellence, symbolising FAIR’s commitment to youth and education.
The day culminated in the FAIR General Assembly Session at ITC Maratha followed by a spectacular Cultural Programme and Gala Dinner for delegates and spouses – an evening celebrating Indian art, music, and hospitality.
Day 4- 8 October 2025
The final day featured Plenary Session IV on “Adapting Reinsurance Models to Diverse Regulatory Environments.”
Speakers included Mr Roumel Tabaja (Oman Re), Mr Sudhir Salian (Peak Re), MrYassir Albaharna (Trust Re), Mr Godfrey Kiptum (IRA Kenya), and MrShardul Admane (IRDAI, India).
The conference concluded with a formal Vote of Thanks, acknowledging the efforts of the organising committee, sponsors, and delegates for their commitment to the Afro-Asian insurance community.
Significance and Outlook
By hosting the FAIR Conference, GIC Re demonstrated India’s growing stature in global reinsurance. The deliberations emphasised innovation in risk transfer, digital adoption, climate resilience, and capacity building.
FAIR serves as a catalyst for new projects linking African and Asian markets in infrastructure, energy, and health sectors. Going forward, FAIR plans to expand its training programmes, digital resources, and technical collaboration to strengthen market integration.
As the curtains fell on Mumbai’s grand gathering, the message resonated clearly-
Africa and Asia stand stronger together for a resilient insurance future.
