Sukoon Insurance, one of the UAE's largest insurers, has announced a strategic expansion of its credit insurance business.
The move is made in partnership with CME Capital Insurance Consultancies (CMECIC), which is a specialised risk advisory and underwriting firm with its main offices in Dubai.
The partnership leverages CMECIC's underwriting expertise with Sukoon’s financial stability, rated ‘A’ (Excellent) with a stable outlook by S&P Global Ratings, and holding an ‘A2’ Insurance Financial Strength Rating (IFSR) from Moody’s. Furthermore, the portfolio is backed by a robust panel of highly rated, globally recognised reinsurers, providing maximum security and confidence to policyholders in an unpredictable market.
Mr Hammad Khan, Interim CEO at Sukoon Insurance, said, "This strategic expansion of our credit insurance offering underscores our commitment to delivering practical, commercially relevant risk solutions. By partnering with CMECIC and backed by a formidable panel of financially sound global reinsurers, we are providing a disciplined and robust platform that proactively supports trade growth and the financial resilience of our clients."
With CMECIC's underwriting expertise, Sukoon will focus on disciplined risk selection, portfolio quality, and highly responsive service. The offering is designed to help businesses confidently protect receivables, safeguard cash flows, and secure financing support from lenders as they navigate evolving economic conditions, supply chain pressures, and heightened credit risks.
Mr David Avasthi, Managing Director and Chief Underwriting Officer of CMECIC, said, "Our shared focus is on deploying a clear, long-term underwriting philosophy with an emphasis on market knowledge and close collaboration with our brokers and clients."