Rabat–Bachir Baddou, Vice President of the Moroccan Federation of Insurance (FMA), has been elected Vice President of the Global Federation of Insurance Associations (GFIA) during its General Assembly in Cape Town on December 4, 2024. This marks a significant achievement for Morocco, as well as the African and Arab insurance sectors, in a global context.
Baddou, a member of the GFIA Executive Committee since 2016, has been recognized as the first Arab and African to hold a position in this key decision-making body. His election reflects growing recognition of Morocco’s contributions to the international insurance industry.
The GFIA, representing 89% of global insurance premiums through 42 member associations and one observer association from 68 countries, serves as the world’s foremost organization for insurers. It plays a crucial role in addressing shared challenges in the sector and engaging with international regulatory bodies.
The elections in Cape Town also saw the appointment of Stephen Frank of Canada as GFIA President. Other key members of the new leadership include Thea Utoft Høj Jensen from Insaurance Europe as Secretary-General, Toyonari Sasaki of Japan as Treasurer, Andrew Hall of Australia as Regional Representative, and Norma Alicia of Mexico as Head of Memberships.
Morocco’s active participation in the GFIA is part of broader efforts by the FMA to strengthen international cooperation and promote innovative approaches within the insurance sector. The federation’s work, led by its president Mohamed Hassan Bensalah, has contributed to the country’s growing influence in global insurance discussions.
The GFIA continues to address key issues affecting the industry, including regulatory frameworks, market accessibility, and global risk management strategies. Baddou’s election as vice president is expected to enhance Morocco’s role in these critical conversations, providing a platform to advocate for the perspectives of emerging markets and African economies.
This development showcase the increasing presence of Moroccan and African voices in global financial organizations as well as ongoing efforts to strengthen regional and international collaboration in the insurance sector.
