Insurance Committee

The Insurance Committee of ITFA was setup on 18 August 2015. It aims at improving the cooperation between banks, insurance companies and brokers in the mitigation of risk related to transaction banking assets. It also represents the interests of the insurance and broker members in ITFA.

Achievements:

• Survey: to gain deeper understanding of the role that insurance plays in transaction banking and identify priority issues
• Education: compilation of presentations / educational seminars (Dubai / Nairobi / London / Frankfurt / Cairo)
• Regulatory issues / advocacy: e.g. Dodd Frank, CRD IV: act as advisor, organize intervention with regulator, ITFA responses to the BCBS 362 paper
• Market standard documentation: guidelines on structure and content for CRR compliant non-payment policies
• Advice: Insurance Committee Opinions

 

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ITFA Insurance Committee Board