SOLUTIONS / Export Credit Agencies(ECAs)/Insurers

Export Credit and Investment Reinsurance

Reinsurance / Co-insurance / Fronting

ICIEC

COVERED RISKS

  • Commercial / Political Risks.

 

KEY BENEFITS

  • Provide capacity building support for ECAs in Member Countries.
  • Provide technical assistance in the establishment of ECAs in Member Countries.
  • Provide credit information services.
  • Joint marketing and technical assistance to the existent ECAs of Member Countries.
  • Help ECAs in non-Member Countries to cover projects in Member Countries.

 

ELIGIBILITY

  • Exports from ICIEC Member Countries to the rest of the World.
  • Inflow of capital and investments from the World into ICIEC Member Countries.
  • Domestic sales of exporters in ICIEC Member Countries.
  • Import of strategic and capital goods from the rest of the world to ICIEC Member Countries.
  • Insured goods should not be prohibited by Islamic Shariah and should have at least 30% value added.

 

TENOR OF COVER

1 year short term
7 years medium term
20 years foreign investment

 

 

PRODUCTS

  • Quota Share Treaty
  • Reinsurance of Domestic Business
  • Excess of Loss
  • Reinsurance Facultative Agreement