AMAN UNION and the International Credit Insurance & Surety Association (ICISA) have announced a Joint Strategic Collaboration aimed at fostering mutual cooperation and knowledge sharing in the realm of trade and investment insurance.
Members of the Netherlands-headquartered International Credit Insurance & Surety Association (ICISA) met recently in Porto, Portugal, to address the challenges and opportunities encountered by the sector in a dynamically changing global environment.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer and a member of the IsDB Group, has received an "AA-" Long-term Issuer Credit and Financial Strength Rating from Standard & Poor's (S&P), with a 'Stable' outlook.
The Ministry of Trade, Industry and Energy has announced that the government would inject a record amount of KRW255tn ($189.4bn) in trade insurance this year to support exports.
China Export & Credit Insurance Corporation's (SINOSURE) underwriting earnings are likely to remain marginal in the long term, says Fitch Ratings.
UAE state-backed export credit agency Etihad Credit Insurance (ECI) is expected to turn profitable in the next two to three years as its revenue grows faster than its expense base following its initial start-up phase, according to Fitch Ratings.
China Export & Credit Insurance Corporation (Sinosure), the country's only policy-oriented export credit insurer, saw steady business growth in 2023, the company has announced.
The profitability of Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) remained resilient in 2022, with a combined ratio of 37.3% and net income of 8.2m in Islamic dinars ($12.7m), benefitting from enhanced business coverage, reduced risk and business/client concentrations, efficiency gains and substantial investment income, notes Moody's Investor Services (Moody's).
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer headquartered in Jeddah, has unveiled its Climate Change Policy and Environmental, Social, and Governance (ESG) Framework.
Italian export credit agency SACE is preparing to open an office in Riyadh to be closer to companies promoting "Made in Italy" in the region.