The 10th annual meeting of the Aman Union members was held at Hormuz Grand Muscat on Tuesday under the auspice of H E Yahya Said al Jabri, chairman of the Special Economic Zone Authority of Duqm and Ithraa.
Aman Union is a professional forum assembling commercial and non-commercial risks insurers and reinsurers in member countries of the Organization of the Islamic Conference.
Speaking at the event, Oussama Abdul Rahman Kaissi, chairman of Aman Union said, since its inception, the Aman Union has successfully managed to combine efforts in consolidating and reinforcing the credit insurance industry in the member countries and to raise the level of awareness of their respective importance.
The event was organised by Credit Oman and representatives of various national and regional export credit guarantee agencies from the Arab and Islamic countries attended the event.
Kaissi said, “Collectively, the past ten years have brought excellent progress. Our members now are providing their insurance services to more than 7,051 policyholders to cover their trade risks with about 134,504 buyers worldwide.”
“We together covered a record US$38bn worth of transactions in trade and investments, resulting in US$187mn worth of premium, and paid out US$77mn in claims in 2018.”
Khalil Ahmed al Harthy, CEO of Credit Oman, said, “It gives me as well as Credit Oman, immense pleasure and honour to host the 10th anniversary of our union in Muscat.”
Harthy said that Aman Union in collaboration with various stakeholders has harnessed efforts to achieve the greatest positive results possible for all participants throughout the meeting period and associated activities.
“We are looking forward in the near future to know about Aman Union’s, investment plans and exchange programmes to boost cooperation between members,” he added.