Abu Dhabi National Insurance Company (ADNIC) and Allianz Trade have entered into a long-term strategic partnership, marking a major milestone in expanding access to Trade Credit Insurance solutions for businesses across the UAE.
Through this partnership, ADNIC will expand its portfolio by offering tailored Trade Credit Insurance solutions 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.
Trade Credit Insurance 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 the Middle East’s 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.
Charalampos Mylonas CEO – ADNIC
“At 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 ADNIC’s strategy to deliver high-value insurance solutions that address key market challenges while promoting business continuity and competitiveness.”
Trade Credit insurance 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.
Dario Locatelli, CEO of Allianz Trade in the Middle East, noted that, “We 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.”
