Global Delegations visit Lebanon to discuss Challenges and Opportunities in the Credit and Political Risk Insurance and Reinsurance Sectors
Beirut, November 16, 2016 – The AMAN UNION held its 7th Annual Meeting in Beirut, Lebanon, from November 13 to 15, 2016, hosted by the Lebanese Credit Insurer (LCI). The Meeting brought together the AMAN UNION’s Members as well as prominent guests from the industry to discuss issues of importance in the insurance and reinsurance sectors, export credit, trade and structured finance to tackle the challenges faced in these areas.
The meeting kicked off with a welcome address by the Secretary General of AMAN UNION, Mr. Oussama KAISSI, followed by an address by Mr. Karim Nasrallah, General Manager of LCI. The opening ceremony included keynote speeches from Mr. Nabil Itani, Chairman of the Investment Development Authority of Lebanon (IDAL), Mr. Max Zaccar, President of Association des Compagnies d’Assurances au Liban (ACAL) and Dr. Andreas Klasen from PwC.
The scheduled Sessions for day one, discussed ‘Development in Products, Systems Organization and Business Expectations for 2017, as well the members discussed AMAN UNION performance prepared by the Secretariat General of the AMAN UNION prepared and delivered by Mr. Mourad Mizouri on behalf of ICIEC, where it was announced that the Aman Union members supported during the year 2015 an unprecedented amount of US$ 24.2 billion of trade and paid 57.7 million claims.
A presentation on the Takaful Credit Insurance: ‘Unleashing Potential and Obstacles’ presented by Mr. Alaa Mustapha of ICIEC; ‘The Insolvency Law Systems in AMAN UNION Member Countries,’ presented by Mr. Ahmed Medkour of Recovery Advisors and ‘The Importance of the Compliance and Due Diligence Function in Export Credit Insurance.’ Presented by Mrs. Wafa Khalaf, General Manager, Helix Dynamics Advisors Group.
Day two hosted a presentation titled ‘The Areas of Cooperation Between Banks and Export Credit Agencies (ECAs) and the Role of the Banking Sector in Supporting Trade.’, presented by Mr. Hai Liang, SEO – Group GM, Saudi Hollandi Bank, Saudi Arabia. For more details about all the presentations, delivered during the 7th annual meeting, please visit www.amanunion.net.
The AMAN UNION 7th Annual Meeting concluded with a closed session of the Annual General Assembly of the AMAN UNION where members deliberated the achieved results and proposed plans for the coming year, along with the voting in of new members to the AMAN UNION.
About the Aman Union
The Aman Union is a professional forum assembling Commercial & Non-commercial Risks Insurers & Reinsurers in Member Countries of the Organization of the Islamic Conference (OIC) and of the Arab Investment & Export Credit Guarantee Corporation (DHAMAN). The Aman Union was established on 28 October 2009 following a bilateral agreement between the Arab Investment and Export Credit Guarantee Corporation (DHAMAN) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) to join efforts for establishing a union for commercial and non-commercial risks Insurers and Reinsurers in their respective Member Countries.