Abu Dhabi National Insurance Company (ADNIC), a leading regional multi-line insurance provider, and Allianz Trade, the global leader in trade credit insurance are pleased to announce the establishment of a long-term strategic partnership. This collaboration marks a major milestone in expanding access to Trade Credit Insurance solutions (TCIS) for businesses across the UAE.
Industry sources added that through this partnership, ADNIC will expand its portfolio by offering tailored Trade Credit Insurance solutions (TCIS) that protect UAE-based companies against the risk of customer payment defaults. These solutions empower businesses to trade securely, optimize working capital, and pursue growth in both local and international markets.
Industry sources further confirmed that Trade Credit Insurance (TCIS) is a vital solution for companies of all sizes, supporting them to safeguard cash flow, cover losses, improve financing opportunities, and explore new markets expansion securely.
By leveraging Allianz Trade in Middle East โs deep expertise in risk assessment and underwriting as well as its regional database monitoring over 40,000 businesses across key GCC industries, ADNIC will provide its clients with unparalleled market insights and real-time credit intelligence.
Commenting on the product launch, Charalampos Mylonas, Chief Executive Officer of ADNIC, said: โAt ADNIC, we are constantly evolving our product offering to meet the changing needs of the business community. Our new Trade Credit Insurance product will serve as a powerful tool for businesses across the UAE to mitigate risk, support growth, and enhance financial stability. This launch marks another step in ADNICโs strategy to deliver high-value insurance solutions that address key market challenges while promoting business continuity and competitiveness.โ
Dario Locatelli, CEO of Allianz Trade in the Middle East, added: โWe are excited to join forces with ADNIC and bring our regional and global expertise to support UAE businesses. Our collaboration will help companies grow faster and more securely. As the world leader in trade credit insurance, we remain committed to delivering solutions that enable safe and confident trade.
Trade Credit insurance (TCIS) will be available to eligible businesses across various sectors in the UAE. It will play an important role in supporting sustainable growth and encouraging responsible credit management practices that contribute to the country’s economic development.
