JAKARTA — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDBG), and PT Asuransi Asei Indonesia (“Asuransi Asei”) signed an Agency Agreement on the sidelines of the IDB Group’s 41st Annual Meeting, which was held in Jakarta, Indonesia.
The Agency Agreement will enable Asuransi Asei to offer ICIEC’s Medium-term Export Credit and Foreign Investment Insurance products to eligible exporters and investors doing business in or from Indonesia. This Agreement is part of ICIEC’s push to scale up its intervention in Indonesia, specifically on the Foreign Investment Insurance and Capital Equipment import fronts.
Mr. Oussama A. Kaissi, Chief Executive Officer of ICIEC noted, “Asuransi Asei is a valued partner for ICIEC. By leveraging on their local knowledge and contacts in the Indonesia market, we aim at supporting projects in Indonesia which will have a meaningful developmental impact in the country. Working with Member Country ECA’s is also in line with our mandate to develop the Export Credit and Foreign Investment Insurance Market in our Member Countries”