The GAIF for the establishment of a rating agency

June 05, 2013
Image provided to Microsoft by iStockphoto. Used with permission from Microsoft
The Association of Arab Reinsurers, an institution of the General Arab Insurance Federation “GAIF” is examining the proposal of establishing a rating agency.
Image provided to Microsoft by iStockphoto. Used with permission from Microsoft

For Abdul Khaleq Raouf Khalil, GAIF’s Secretary General, the shape of this new structure is not yet defined. It could be either a specific committee or an internal tool of the organization. The launch of this project comes as a response by the GAIF to the lack of realism observed by the rating agencies which apply standards that are inconsistent with the reality on the ground.


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