AMAN UNION is a professional forum assembling Commercial & Non-commercial Risks Insurers & Reinsurers in Member Countries of the Organization of the Islamic Conference and of the Arab Investment & Export Credit Guarantee Corporation (DHAMAN).
AMAN UNION was launched on 28th October, 2009 following an agreement between the Arab Investment and Export Credit Guarantee Corporation (DHAMAN) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) to join their efforts for establishing a union for commercial and non-commercial risks Insurers and Reinsurers in their respective Member Countries.
Factors Chain International
Factors Chain International is a global network of leading factoring companies, whose common aim is to facilitate international trade through factoring and related financial services.
FCI established in 1968 as the umbrella organisation for independent factoring companies around the world, FCI has grown into the world's largest factoring network.
When FCI was founded, domestic factoring services were available only in North America and a few European countries. The concept of international or cross border factoring was still new and restricted in scope by its lack of geographic coverage
The founding members of FCI saw the potential for international factoring, but realised that their umbrella organisation was needed for two reasons:
- To introduce the concept of factoring in countries where the service was not yet available.
- To develop a framework for international factoring that would allow factors in the country of both the exporter and the importer to work closely together.
The FCI concept is built around local expertise and flexibility of approach. Each country operates in its own way, being sensitive to local customs and culture adding a unique dimension to cross border factoring. The important thing however is that each member operates a standard communication system and agrees to work within a global code of conduct.
Since its inception the membership of FCI has grown dramatically to well over 275 members in 77 countries. Each new member that joins will have met strict criteria in terms of financial strength and commitment to high standards of service.
Prague Club supports members in developing their export credit and investment insurance schemes and facilities. It provides this support by hosting technical discussions at twice yearly meetings, as well as by facilitating ad-hoc information exchanges.
Prague Club started in 1993 by the Berne Union with funding from the European Bank for Reconstruction and Development (EBRD). The group was named after the city where its inaugural meeting was held, carrying in the tradition begun by the Berne Union. Prague Club members were initially Central and Eastern European agencies; membership later expanded to include members from Asia and Africa.
The Prague Club today
The Prague Club is a growing entity, with 37 members from across the globe. A number of Prague Club members have gone on to meet the requirements for full Berne Union membership, but remain active members of the Prague Club.
Prague Club members
The Prague Club is an information exchange network for new and maturing insurers of export credit and investment. The first official meeting was held in Prague, and carrying on the tradition the Berne Union began 50 years earlier, the group was named after the city of the inaugural meeting.
In 2013 the Prague Club once again held its Spring Meeting in Prague to celebrate the 20th anniversary of the association.
The Berne Union today
Today, with 79 member companies from around the world as members of the Berne Union and the Prague Club, we have grown to be the leading global organisation for the export credit and investment insurance industry. Since the global financial crisis in 2008, Berne Union members have indemnified approximately USD 22 billion to exporters and investors, protecting them from losses suffered due to buyer defaults in all regions of the world.
Coface began to diversify internationally in 1992. Currently, the Group has global capabilities to support its client's growth in their home markets and with their exports by offering them credit insurance services tailored to their needs.
The Group’s organization is focused entirely on this goal. Its 4,406 employees working in 67 countries offer adapted risk prevention, monitoring and protection services to companies of all sizes and nationalities and in all sectors. To that end, the Group’s underwriters, business information and receivables collection specialists are available to serve clients and enable them to carry out their business activities more safely. Clients thus benefit from the expertise and organization of an international Group that can offer them local service fine-tuned to their needs.
While becoming more and more international, the Coface group has contributed since its establishment to the performance and growth of businesses of all sizes worldwide, and to building and conveying a climate of trust among economic players.