As a professional business association, FAIR is dedicated to the cause of regional cooperation and the development of the insurance industry in Afro-Asian Countries. Being part of this aim, FAIR Conferences are organized biennially in Africa or Asia in rotation, according to a decision from the General Meeting, which is the supreme authority of FAIR. FAIR General Meeting holds its sessions in the course of the FAIR Conference, to determine inter alia the general policy and work programme and to elect the President of FAIR and the Executive Committee which shall meet at least once yearly and shall exercise all the powers of the General Meeting unless the latter is in session.