Algiers – Dr. Khalid Khalafalla, in his capacity as the Secretary-General of the AMAN UNION, the professional body of the national and private export credits agencies and multilateral insurers serving the OIC countries, addressed the 14th Annual General Meeting (AGM) of the Union held in Algiers in early December 2024. The AGM was hosted by CAGEX, the Algerian state export credit agency.

“The 14th AMAN UNION Annual General Meeting,” emphasized Dr. Khalafalla, who at the time was also the Officer in Charge of ICIEC, “has the critical role of fostering credit insurance and trade across Africa, Arab, and Islamic countries. By uniting diverse stakeholders, the event showcased the power of collaboration in addressing trade challenges and driving sustainable growth. Strengthened partnerships and shared expertise are paving the way for a resilient, interconnected trade ecosystem that supports prosperity and development. In today’s complex global landscape, the AMAN UNION remains a vital platform for collaboration and innovation, delivering valuable insights to benefit all stakeholders.” The AMAN UNION continues to be a cornerstone platform, driving collaboration, innovation, and sustainable growth through shared expertise and strengthened partnerships.

The AMAN UNION is important in spreading the message and building a credit and investment insurance ecosystem and architecture in OIC countries to boost risk mitigation and protection in trade and investment in today’s interconnected world with its riding geopolitical and economic risks. ICIEC is uniquely the only Shariah-complian multilateral insurer in the world with a history of underwriting over USD121 bn of business insured and investment guarantees in the last 3 decades, and as the current secretariat of the AMAN UNION, he added, must continue to play an important hand holding and market development role.

“Under the slogan of innovation and development, and within the activities of the annual meeting of AMAN, I highlighted the pioneering efforts made by the Union since its establishment in 2009. The AMAN UNION seeks to be the comprehensive umbrella for export insurance agencies in Arab and Islamic countries while expanding its membership to include elite international institutions. This aims to promote the exchange of experiences, the application of best practices, and the dissemination and development of a culture of assurance,” added Dr. Khalafalla.

On the sidelines of the meeting, Dr. Khalafalla reiterated that “since its establishment, the AMAN UNION has worked to be the umbrella of insurance institutions in the Arab and Islamic countries. It went beyond that to include a group of international institutions to exchange experiences and knowledge and apply best practices, which has contributed significantly to the dissemination and development of the culture of insurance.”