ADNIC ties up with Allianz Trade in Middle East to expand trade credit insurance solutions in the UAE

ABU DHABI (ALETIHAD)

Abu Dhabi National Insurance Company (ADNIC) has entered into a long-term strategic partnership with Allianz Trade in the Middle East to expand access to trade credit insurance solutions across the UAE.

The collaboration is aimed at protecting companies against the risk of customer payment defaults, helping businesses secure cash flow, optimise working capital, and pursue growth in both local and international markets.

Through the agreement, ADNIC will leverage Allianz Trade’s expertise in risk assessment and underwriting, as well as its regional database monitoring more than 40,000 businesses across key GCC industries, to provide clients with credit intelligence and market insights.

Charalampos Mylonas, Chief Executive Officer of ADNIC, said, “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.”

The new product will be available to eligible businesses across multiple sectors, with a focus on supporting sustainable growth and promoting responsible credit management practices that contribute to the UAE’s economic development.

Dario Locatelli, CEO of Allianz Trade in the Middle East, said, “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.”

Allianz Trade is the global leader in trade credit insurance and a recognised specialist in the areas of surety, collections, structured trade credit and political risk. Its proprietary intelligence network is based on instant access to data of 289 million corporations.