EghtesdaOnline: The managing director of Export Guarantee Fund of Iran, Afrouz Bahrami, was elected as a member of Aman Union's board of directors for two years.
According to the official EGFI website, being a member of Aman Union gives the fund the opportunity for collaboration with other Muslim countries in collecting foreign debts, reinsurance coverage and attracting foreign funds for Iran’s non-oil exporters, especially for engineering and technical export companies.
It will also enable the EGFI to have access to important data about foreign buyers and let it provide insurance cover and guarantees for Iranian exporters.
Aman Union is a professional forum that brings together commercial and non-commercial risk insurers and reinsurers in member countries of the Organization of the Islamic Conference and the Arab Investment and Export Credit Guarantee Corporation (DHAMAN), according to Financial Tribune.
The union was founded in 2009 following an agreement between DHAMAN and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) to underwrite commercial and non-commercial risk insurers and reinsurers in member countries.