Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2024

UAE: Etihad Credit Insurance awards contract to Coface

Source: Middle East Insurance Review | Nov 2019

Etihad Credit Insurance (ECI), the UAE federal export credit company, has awarded a business information service contract to leading global credit insurer Coface.
 
Through Coface’s extensive network of information sources, over 70 years of experience and a team of 4,100 experts serving around 50,000 companies in more than 200 countries, ECI will have access to a single shared database containing information on around 80m companies worldwide and their payment experience. This will enable ECI to assess the creditworthiness of the companies, competently evaluate the risks involved and support customers more effectively, thereby making a robust contribution to the country’s non-oil diversification strategy.
 
ECI will also have access to a variety of data, including organisational structure, historical, financial and any other information that may have an impact on the company evaluation and insolvency.
 
With this partnership, ECI will gain a0ccess to key benefits that include cost-effective solutions facilitating global risk comparisons on one scale, extensive international opinions from companies worldwide, global monitoring for a period of 12 months, inclusive availability and access to expert underwriter’s opinions.
 
For UAE manufacturers and service providers, expanding their business internationally and managing credit risks are key to maintaining the financial well-being of the companies.
 
ECI’s alliance with Coface will benefit local companies in more ways than one. It will offer them unrestricted access to in-depth market reports, which can then be used as a road map to assess creditworthiness while focusing on the key risk factors – thereby making calculated and informed decisions. Stronger business performance of the companies will also pave the way for a comprehensive regional and global expansion plans.
 
ECI was established by the UAE federal government and its founders, the governments of Abu Dhabi, Dubai, Ras Al Khaimah, Fujairah and Ajman. The company started its operations in February 2018. It plays a catalyst role in supporting the UAE’s non-oil exports, trade, investments and strategic sectors development, in line with UAE Vision 2021 agenda. M 
 
| Print
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.