Tuesday 12, March 2013 by Robin Amlôt
Trade credit insurances to grow by 50 per cent, UAE achieves A3 rating
Trade Credit Insurance (TCI) in the UAE is predicted to grow by 50 per cent within two years - in terms of volume of transactions covered - according to Coface Emirates Services, a subsidiary of the French based Coface credit insurance group, with commensurate increases in the Gulf region. Their predictions were released today in Coface’s quarterly country risk assessment survey. The report revealed a strong showing for the GCC, where TCI currently stands at AED 20 billion, with the UAE gaining an A3 rating for the first quarter of 2013.
