May 22, 2024

ICISA And AMAN UNION Alliance To Boost Credit Insurance Initiatives

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The MoU, symbolizing a pivotal step towards industry synergy and international cooperation, was officially signed by Mr. Richard Wulff, Executive Director of ICISA, and Mr. Oussama Kaissi, the Secretary-General of Aman Union and CEO of ICIEC
Unrecognizable business partners discussing agreement conditions reviewing it together at meeting Getty Images/Getty Images

The International Credit Insurance & Surety Association (ICISA) and the forum assembling Commercial and Non-commercial Risks Insurers and Reinsurers in Member Countries of the Organization of Islamic Cooperation (OIC) and of the Arab Investment and Export Credit Guarantee Corporation “Dhaman”, commonly known as AMAN UNION, are proud to announce a joint strategic collaboration aimed at fostering cooperation and knowledge sharing in the realm of trade and investment insurance.

From L To R: – Mr. Richard Wulff, Executive Director of ICISA, and Mr. Oussama Kaissi, the Secretary-General of Aman Union and CEO of ICIEC

Industry sources added that this MoU, which displays a pivotal step towards industry synergy and international cooperation, was officially signed by Mr. Richard Wulff, Executive Director of ICISA, and Mr. Oussama Kaissi, the Secretary-General of Aman Union and CEO of ICIEC. This partnership heralds a new era of collaborative endeavors focused on boosting the trade and investment insurance frameworks globally.

Industry sources added that this partnership between ICISA and AMAN UNION underscores a shared commitment to advancing the trade and investment insurance landscape, particularly within OIC Member States. By sharing their respective expertise and networks, the parties aim to facilitate enhanced knowledge exchanges and initiatives that contribute to the sustainable development of OIC Member States.

Industry sources further added that ICISA, as a leading trade association representing trade credit insurance and surety companies internationally, serves as a platform for collaboration and the development of best practices. Meanwhile, AMAN UNION is dedicated to promoting and developing the commercial and non-commercial risk insurance industry in OIC-Member States and boosting mutual relationships among its members.

Mr. Richard Wulff, Executive Director of ICISA, commented: “This momentous collaboration between ICISA and AMAN UNION represents a landmark in our shared commitment to strengthening the trade and investment insurance landscape. Through this strategic alliance, we are assured to unlock unprecedented opportunities and drive innovation within our respective spheres. The signing of this MoU signifies a transformative leap towards harmonizing our efforts and maximizing the potential for sustainable growth and prosperity on a global scale.”

Mr. Oussama Kaissi, the Secretary-General of Aman Union and CEO of ICIEC added: “This partnership signifies our collective dedication to enhancing the capabilities and opportunities within the trade and investment insurance sector. By pooling our resources and expertise, we can drive positive change and sustainable growth for our member countries.”

Key highlights of the Joint Strategic Collaboration include:

  • Facilitating knowledge exchanges on trade and investment insurance initiatives
  • Enhancing collaboration and development of best practices in the industry
  • Strengthening mutual relationships among members of both associations

Industry sources further confirmed that both ICISA and AMAN UNION recognize the significant potential for cooperation to drive positive outcomes in the trade and investment insurance sector. Through this collaboration, the parties reaffirm their dedication to fostering innovation, resilience, and sustainable development within OIC Member States and beyond.

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