Saudi Arabia: ICIEC partners with Takaful Libya

Published on September 25, 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a
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Planette launches new forecasting platform for insurance and financial industries

September 24, 2025
Planette, an expert in long-range weather prediction, has announced the launch of Joro, a high-resolution forecasting platform designed for financial institutions and insurance providers.Unlike traditional forecasts, Joro provides full probability distributions for temperature and precipitation, helping companies model extreme weather scenarios with greater accuracy, the firm explains.The platform

ICIEC to provide fac reinsurance to certain Takaful Libya export deals

September 25, 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is set to provide facultative reinsurance to selected export transactions insured by Takaful Libya.This collaboration will enhance Takaful Libya’s capacity to underwrite Shariah-compliant export credit risks.This, in turn, will allow them to offer broader coverage to Libyan exporters and banks involved in internation