The UAE is seen as the ideal launch pad for Trade Credit insurance in the Middle East due to its accelerated GDP growth, its perfect geographical positioning – making it a thriving export market, it’s reasonably stable economy and political environment. Additionally, the existing local AIG entity, in operation for several years, offers the right infrastructure and support to the organization’s growing Trade Credit footprint.
The entry into the UAE market comes on the back of internal research and analytics that revealed a keen appetite for the Trade Credit Insurance amongst corporates, brokers and bankers in the UAE. As AIG’s expert, William Clark, Head of UK Trade Credit, states, “AIG’s Trade Credit launch into this market has been encouraged by the advice and support we have received from brokers, banks and critically clients who are enthused by the regions prospects and AIG’s capability to provide solutions that enable trade and safeguard growth. We look forward to serving and extending these relationships further, as well as making new ones in this significant part of the world economy.”
AIG’s Trade Credit insurance covers a broad range of sectors, with a positive outlook on expertise in Bank and Trade Finance Insurance programmes that has assisted companies to trade successfully across the region and beyond.
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions.
AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.
AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc.
Not all products and services are available in every jurisdiction, and insurance coverage is governed by actual policy language. Certain products and services may be provided by independent third parties under contract with AIG or its subsidiaries or affiliates.
Insurance products may be distributed through affiliated or unaffiliated entities. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
All AIG products and services in the UAE are underwritten through American Home Assurance Company, a member company of AIG the worldwide property and casualty, life and retirement, and general insurance operations of American International Group, Inc.
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