The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Unveils Pioneering Initiatives and High-Profile Side Events at Conference of the Parties (COP28)


The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC) (, a multilateral credit score and political threat insurer and a member of the IsDB Group, is about to take heart stage at COP28, because it pronounces the launch of its groundbreaking Local weather Change Coverage&ESG Framework and an settlement to hitch the Vitality Transition Accelerator Financing (ETAF) Platform, managed by Worldwide Renewable Vitality Company (IRENA). Along with these important milestones, ICIEC will host two compelling aspect occasions that can deal with essential points in local weather finance and mitigation.

Throughout COP28, ICIEC is about to host two prestigious high-level occasions that can delve deep into essential facets of local weather finance and mitigation.

The primary occasion will probably be held on December 1st, 2023, titled “Aggregation and Scalability in Accelerating Local weather Finance for Growth“, and can present an in-depth exploration of the important themes of aggregation and scalability inside local weather finance. Esteemed panelists and specialists will provide useful insights and techniques aimed toward expediting local weather finance for sustainable growth.

The second high-level occasion, to be held on December 2nd, 2023, named “The Very important Challenges of De-risking in Bridging the Local weather Finance Hole for Mitigation,” will shine a highlight on the pivotal significance of de-risking in addressing the substantial local weather finance hole for mitigation efforts. Our esteemed panel of specialists is not going to solely make clear the complexities of mitigating local weather dangers however may also current progressive options to facilitate local weather finance on a bigger scale.

Mr. Oussama Kaissi, CEO of ICIEC, acknowledged, “ICIEC’s engagement at COP28 marks a momentous event within the international struggle in opposition to local weather change. The launch of the Local weather Change Coverage&ESG Framework, the dedication to ETAF, and the internet hosting of two influential aspect occasions exemplify ICIEC’s proactive position in fostering sustainability and resilience worldwide”.

Distributed by APO Group on behalf of Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC).

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Mrs. Rania Binhimd
Communication Division
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About The Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC):
ICIEC commenced operations in 1994 to strengthen financial relations between OIC Member States, promote intra-OIC commerce, and facilitate investments by offering threat mitigation instruments and monetary options. The Company is uniquely the one Islamic multilateral insurer on the planet. It has delivered a complete suite of options and providers to the private and non-private in its 49 Member States and globally. The merchandise’ suite consists of Documentary Credit score Insurance coverage Cowl, Credit score Insurance coverage Cowl, Financial institution Grasp Coverage, Non-Honouring of Sovereign Monetary Obligation, and Funding Insurance coverage Merchandise. ICIEC has maintained for 15 consecutive years an “Aa3” insurance coverage monetary energy credit standing from Moody’s, rating the Company among the many prime of the Credit score and Political Danger Insurance coverage (CPRI) Trade. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and threat administration insurance policies. Cumulatively, ICIEC has insured greater than US$ 100bn in commerce and funding directed to particular sectors – power, manufacturing, infrastructure, healthcare, and agriculture.

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