Etihad Credit Insurance Announces Successful Association With AMAN Union
Etihad Credit Insurance (ECI), the UAE Federal export credit company, announces its successful association with AMAN Union, a professional forum for commercial and non-commercial risks insurers and re-insurers in member countries of the Organization of Islamic Cooperation (OIC). Amongst AMAN Union's members include multilateral agencies such as The Arab Investment and Export Credit Guarantee Corporation (Dhaman); The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); and Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group.
The announcement of ECI's association was made during AMAN Union's ninth annual meeting held recently in Cairo, Egypt. The event was attended by Massimo Falcioni, CEO of ECI; Oussama Abdel Rahman Kaissi, Chairman of AMAN Union Executive Council, and CEO of ICIEC; Adnan Yildirim, Secretary General of AMAN Union; Mervat Zohdy Soltan, Chairman of Export Credit Guarantee Company of Egypt (ECGE) and of Export Development Bank of Egypt; Ahmed Mohammed Al-Ghannam, Chairman of Dhaman; and other high-level representatives of AMAN Union members.
The association with AMAN Union will allow ECI to further realise its mandate of boosting the growth and development of UAE businesses, supporting the investment climate in the UAE while also reinforcing its commitment to support the country's non-oil diversification strategy.
Massimo Falcioni said: "ECI's mandate has always been aligned with carving a comprehensive platform of affiliations to support UAE businesses and boost the investment climate in the country. These associations will allow ECI to discover opportunities geared towards understanding the requirements of the UAE export community. The successful association with AMAN Union will create a solid platform for ECI to strengthen local businesses in line with the UAE Vision 2021 agenda. This reinforces our commitment to service the UAE export community in order to improve their global competitiveness."
Oussama Kaissi said: "ECI's association with AMAN Union not only marks a significant phase for the said UAE federal export credit company but is also seen a step towards promoting and developing the growth of a prudent and transparent commercial and non-commercial risk insurance and re-insurance industry amongst our member countries."
Adnan Yildirim said: "We are pleased to announce ECI's association with AMAN Union. This is a welcome development as we have seen how the insurance sector continues to hold a vital role in the UAE economy. This is evident in the volume of investments made in this sector, amounting to AED 60.7 billion as at the end of 2017. Likewise, the UAE's strategic location has prompted many of the credit insurers to set up their hub in the country due to its stable economic and political climate, ease of doing business, healthy regulatory and legal environment, and geographical positioning."
