The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Austria’s Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) have signed a Framework Reinsurance Agreement to strengthen export credit and investment risk coverage.
The agreement was signed during the 2026 Spring Meeting of the Berne Union in Astana, Kazakhstan.
Under the arrangement, ICIEC will provide facultative reinsurance support for selected OeKB-backed insurance facilities on a case-by-case basis. The partnership aims to enhance support for Austrian exporters, lenders and investors involved in projects across ICIEC member countries.
Both organisations said the collaboration will help expand insurance capacity, improve risk-sharing and support trade, investment and development-focused projects in key markets.
ICIEC chief executive officer Dr Khalid Khalafalla said the agreement builds on the partnership established between both parties in 2023 and reflects their commitment to supporting sustainable economic growth through stronger trade and investment protection.
OeKB senior director Gerhard Kinzelberger said the agreement would further support Austrian exporters operating in Organisation of Islamic Cooperation (OIC) member states, which are seen as growing and strategic markets.
The partnership is also expected to strengthen market confidence and facilitate greater cross-border trade and investment flows between Austria and ICIEC member countries.
