ICIEC played a pivotal role in advancing the IsDB Group’s objectives at both COP29 in Azerbaijan and COP16 in Riyadh, contributing significantly to the global dialogue on climate action. In 2024, ICIEC further solidified its commitment  to addressing climate change with the approval of its Climate Change Policy by the Board of Directors, ensuring alignment with the IsDB’s overarching strategy.

A key milestone was the ambitious target set for climate-related support, aiming for 13% of the total Business Insured within ICIEC’s Member States. This target was successfully achieved by year-end, underscoring ICIEC’s dedication to sustainable development and its leadership in integrating climate considerations into its operations.

ICIEC introduced the Green Sukuk Insurance Policy, designed to galvanize capital for environmentally friendly projects.

ICIEC has been awarded Insurance Adviser of the Year – Africa at the IJInvestor Awards 2024 in recognition of its contributions to sustainable development in Africa, including projects in Côte d’Ivoire and Senegal focused on renewable energy and environmental sustainability.

ICIEC’s approved food-related transactions reached USD 1.12 billion, exceeding its pledged commitment of USD 500 million (throughout 31 December 2025), by more than 123%.

The Togolese Republic joined ICIEC as its 50th Member State.

At the 2024 IsDB Group Annual Meetings, ICIEC signed 13 agreements and Memorandums of Understanding (MoUs) totalling USD 689 million with 15 Member States and business partners.

ICIEC continued its comprehensive executive coaching program in 2024, building on the success of the 2023 initiative.

ICIEC continues to invest in growth and development through its staff training and knowledge-sharing initiatives.

ICIEC successfully completed 14 training programs and remains committed to enhancing its training strategies heading into 2025.

ICIEC is in the process of developing a new system to replace and improve its current Insurance Management Solution (IMS). The upcoming ICIEC Takaful System (ITS) will form the cornerstone of ICIEC’s digital strategy.

ICIEC continues to build its financial resilience and has achieved a stable outlook for the coming years, which recognizes its strengthening credit quality, growing surplus, and newly awarded ESG Credit Impact Score.

For the 17th consecutive year, Moody’s has affirmed ICIEC’s ‘Aa3’ Insurance Financial Strength Rating (IFSR) with a ‘Stable’ outlook.

For the first time in its history, ICIEC has been assigned an “AA-” long-term issuer credit and financial strength rating from S&P Global, with a stable outlook and the highest within its peer group.