In February 2025, a group of facultative reinsurers (Lloyd’s and nonLloyd’s), together with Tysers, Turkexim Bank and Ronesans attended a business forum organized by ICIEC Reinsurance Unit in Istanbul. The guests had the opportunity to grasp ICIEC evolving portfolio in Türkiye, presented by Sis Fatma Gamze Sarioglu, Senior Country Manager, Additionally, Ms. Pinar Caliskan, Funding Director at Turk Eximbank, together with her colleagues Orhan Inci and Hatice Urkmez, provided insights into Türkiye’s strengthening economic fundamentals and overall performance. In addition, the reinsurance partners were taken by Br Lotfi Zairi, Associate Manager, Sovereign Underwriting Division to deepdive in the door-to-door underwriting process. That overview of ICIEC’s underwriting guidelines and streamlined processes was received with keen interest and appreciation and laid the groundwork for enhanced capacity building and more competitive pricing strategies for future pipelines.

Ed Cornish, Head of Credit & Political Risks (Arch Insurance): “I wanted to write you a brief note to express my thanks for all the effort you put into organising the UW trip last week… You demonstrated an impressive knowledge of the Turkish economy, and your detailed description of ICIEC’s UW processes shown a valuable light on the level of careful due diligence that is performed within the ICIEC team”.

Will-Day (Tysers): “ It was great for Reinsurers to see a window into how ICIEC operates at the underwriting end of the business, … these trips are invaluable to Reinsurers and serve to provide them with a deeper understanding of ICIEC as an organisation, ultimately giving reinsurers more comfort to following ICIEC on transactions… ultimately leading to stronger outcomes for ICIEC member countries”.

Rönesans, Deputy CEO Avni Genç and CFO Hudai Şengül shared insights into the company’s expanding project portfolio across Türkiye and other member states. These discussions underscored ICIEC’s commitment to supporting national champions and fostering new avenues for Shariah-compliant risk mitigation.

The forum was vetted by field visits to the İSKİ Water Treatment Plant in Istanbul and the Üsküdar–Ümraniye–Çekmeköy MRT line, a glimpse of tangible illustrations of ICIEC’s developmental impact. The delegation witnessed firsthand societal benefits of these insured projects. Both sites impressed the reinsurers with their technical performance and positive community outcomes.

Overall, participants praised ICIEC’s deep market knowledge and strong stakeholder relationships. Many reinsurers expressed enthusiasm for replicating this collaborative format in future missions, particularly across African member states, signaling growing international interest in ICIEC-led facultative programs.