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 association for the Open Account Receivables Finance Industry.
FCI was set up in 1968 as an umbrella organization for independent factoring companies around the world. Today FCI has grown into the world's representative factoring network and association with more than 400 members in 90 countries.
When FCI was founded, domestic factoring was only available in North America and a few European countries. The concept of cross-border factoring was still new and restricted by its lack of geographic coverage.
The founding members of FCI saw the potential for international factoring, but realized that their umbrella organization was needed for two reasons
1. To introduce the concept of factoring in countries where the service was not yet available.
2. 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.
In 2016 the activities of IFG (International Factors Group) were integrated into FCI. Now, FCI is truly the global representative body for the Factoring & Receivables Finance Industry.
FCI offers three major areas of activities
The Business network supports cross-border factoring activities through which its members cooperate as export and import factors.
FCI promotes and develops best practices in both domestic and international factoring and related Open Account Finance products.
FCI promotes and defends the Industry with stakeholders and policy makers worldwide
Supporting Trade and Investment since 1934
The Berne Union is an international not-for-profit trade association, representing the global export credit and investment insurance industry.
The Berne Union is to actively facilitate cross-border trade by supporting international acceptance of sound principles in export credit and foreign investment. This is achieved by providing a forum for professional exchange, sharing of expertise and networking amongst members, as well as through engagement in collaborative projects with other stakeholders from across the wider trade finance industry.
Berne Union and Prague Club agree to create a new global association for export credit and investment insurers . The integration was confirmed at the 2016 in Warsaw Spring Meeting
The Berne Union today
Berne Union and Prague Club have over 200 international Senior Executives and Managers, representing 76 export credit and investment insurance companies from 61 countries worldwide.
Berne Union members
Berne Union now represents 84 members from 73 countries worldwide
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.