Allianz Trade partners with ADNIC to expand trade credit insurance in UAE

Allianz Trade, a global provider of trade credit insurance, has established a strategic partnership with Abu Dhabi National Insurance Company (ADNIC), a multi-line insurance provider in the UAE. This collaboration aims to increase the availability of trade credit insurance for businesses operating within the Emirates.

The partnership will leverage Allianz Trade's expertise in risk assessment, underwriting, and market intelligence to enhance financial security for UAE companies. By working with ADNIC, businesses can gain tailored solutions to protect against customer payment defaults, thereby safeguarding cash flow and supporting expansion into new markets.

Dario Locatelli, CEO of Allianz Trade in the Middle East, stated that the collaboration is expected to help companies grow more securely. He emphasized the company's commitment to enabling confident and safe trade through its solutions.

Charalampos Mylonas, CEO of ADNIC, commented that the new offering will provide businesses with tools to mitigate risks and improve financial stability, aligning with ADNIC's strategy to address key market challenges with valuable insurance products.