ICIEC Announces Capacity Building Program for OIC Business Intelligence Center (OBIC) Users: The Role of Credit Information Sharing, and Business Intelligence in Supporting Trade and Investment Decisions

The program is titled: The Role of Credit Information Sharing and Business Intelligence in Supporting Trade and Investment Decisions, and it is a unique opportunity for the participants in the program to increase their knowledge and understanding about the OBIC, its core business areas, and the services it will be offering. Participants will gain insight into how to effectively use the OBIC platform as an improved credit risk management tool that also facilitates access to finance for trade and investment, as well as the mitigation of risks related to those activities. Moreover, the OBIC will contribute to the development and enhancing the maturity of credit reporting ecosystems in the OIC Member States.

The program will focus on the importance of credit information and data sharing when it comes to decision-making with regard to the evaluation of the environments for potential investments, the flow of intra-trade, and boosting the export sector to other parts of the world.  This is in addition to supporting Member States in the development and implementation of their business intelligence strategies.

The three-day program will feature presentations, workshops, and interactive discussions with industry experts, along with real-life case studies and examples.

This is an exceptional opportunity for the potential users of the OBIC to gain a better understanding of credit information, data sharing, and business intelligence, and will serve to equip them with the tools and knowledge to make credit and investment decisions.

For more information about the center, please visit (https://ICIEC.IsDB.org).

Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Media Contact:
Rania Binhimd, Communication Department
Email: Rbinhimd@isdb.org

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About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 49 Member States, including Documentary Credit Insurance Cover, Credit Insurance Cover, Bank Master Policy, Non-Honouring of Sovereign Financial Obligations, and Investment Insurance Products. ICIEC, for the 15^th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than US$ 95bn in trade and investment. ICIEC activities are directed to specific sectors – energy, manufacturing, infrastructure, healthcare, and agriculture. For more information, visit: http://ICIEC.IsDB.org

About OIC Business Intelligence Center (OBIC):
The OBIC is an initiative created by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) to provide OIC Member States with a platform for sharing business information, compiling and coordinating data, and offering advisory services and capacity development programmes. It aims to accelerate trade with and investment into OIC states by providing businesses with a detailed picture of OIC business performance and creditworthiness. The OBIC’s four strategic pillars support OIC States in developing and enhancing their credit reporting ecosystems, building a comprehensive OIC-wide business intelligence infrastructure, developing OIC States’ capacity related to credit reporting, and catalyzing a sustainable business model for itself.

SOURCE
Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)