Will The Hardening Of The Reinsurance Markets Last?


Will The Hardening Of The Reinsurance Markets Last?


Welcome Message

Ladies and gentlemen

Insurers and reinsurers continue to face increasing challenges. In 2022, the global insured losses from natural disasters have surpassed $100 billion, leading many to speculate that the $100 billion mark has become the new norm for annual losses from natural disasters.

The physical impact of climate change associated with the surge of inflation, and high interest rates, the geo-political tense in several parts of the world together with socioeconomic elements such as rapid urbanization have all worked to drive insurance losses into record high posing serious threats to the existence of some companies.

These fundamental changes have contributed to keep the results of the global reinsurance markets into the red zone and have therefore prompted for corrections. The tight reinsurance conditions, scarce capacities and high prices were painfully felt at several renewals earlier this year.

However, there are mixed feelings about how long the hard market conditions will last and therefore, the theme of the conference was chosen as:

Will the hardening of the reinsurance markets last?

We are inviting experts from the industry to share their views on the subject and throw light on the challenges and opportunities from the prevailing hard reinsurance market.

Finally, the Emirates Insurance market has promised to organize one of the best conferences in FAIR’s history and therefore we, the Federation, are looking forward to welcoming you in Abu Dhabi in November 2023.

Alaa El-Zoheiry

Distinguished participants and guests,

On behalf of the Emirates Insurance Association board of directors and myself, I would like to extend a warm welcome to you all!

Welcome to the 28th FAIR Conference & General Assembly, held in the captivating capital city of Abu Dhabi, United Arab Emirates. We are delighted to present this prestigious event, bringing together industry leaders, experts, and professionals from the insurance and reinsurance sector.

We are privileged to have chosen Abu Dhabi as the host city for this year’s conference. Its stunning architecture, rich cultural heritage, and visionary leadership create the perfect setting for our discussions on the thought-provoking theme, “Will the Hardening Of The Reinsurance Markets Last?”

During the conference, we will delve into the dynamic nature of insurance and reinsurance markets, exploring whether the current trend of market hardening is a temporary shift or a long-lasting transformation. Through engaging panel discussions, insightful presentations, and interactive workshops, renowned experts, industry pioneers, and innovative thinkers will share their experiences, insights, and vision for the future.

As we gather in Abu Dhabi, we have a unique opportunity to collaborate, share knowledge, and build meaningful connections. This conference serves as a platform for fostering partnerships, where ideas are exchanged, relationships are forged, and strategies are developed. We encourage all participants to actively engage, contribute to discussions, and enhance the collective wisdom of our industry.

Abu Dhabi, a global hub for finance, innovation, and sustainability, embodies the values and aspirations of the insurance and reinsurance sectors. Its forward-thinking approach and transformational leadership will inspire us as we collectively shape the future of our industry.

We express our heartfelt gratitude to the organizers, sponsors, and volunteers who have worked diligently to bring this conference to fruition. Their dedication and commitment have been instrumental in ensuring the success of this event.

We extend our warmest welcome to each one of you. May this conference be a source of valuable insights, meaningful discussions, and lasting connections. Together, let us explore the theme of “Will the Hardening Of The Reinsurance Markets Last?” and work towards a resilient, sustainable, and prosperous future.

Thank you, best regards,

Khaled Mohammed Al-Badi
Chairman, Emirates Insurance Association
Chairman of the Conference organizing Committee


FAIR holds several events during each, tackling through these events the most trending topics within the Afro-Asian insurance markets, and discussing the industry updates, and giving an excellent platform for participants from all the markets to meet and discuss the current developments in all insurance field opportunities.

19 November

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20 November

Conference Day


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