Coface and Doha Insurance Group enter a strategic partnership in credit insurance
Coface, a global leader in trade credit insurance and adjacent specialty services, and Doha Insurance Group (DIG), one of the five major insurers in Qatar and the third-largest by gross written premiums, have signed a strategic partnership to provide credit insurance products to Qatari companies and help strengthen their growth on their domestically and export markets.
This partnership acknowledges Coface’s international expertise as a credit insurer and re-insurer and allows Doha Insurance Group to build up its position on the Qatari market by collaborating with a leading partner. Qatari companies will have access to an innovative, agile credit insurance offer, allowing them to develop their trade safely by efficiently preventing and managing non-payment risks.
This agreement also allows Coface to reach a new market and to propose tailor-made solutions to global clients with subsidiaries across the Qatar.
"We are pleased by this new partnership with Doha Insurance Group”, said Hassen Bennour, CEO of Coface for Middle East & Southern Africa. “Strengthening our set-up in the Qatari market along with a recognized local player is a significant milestone in the expansion of Coface in the region. We are looking forward to support a new pool of clients, bringing them our economic knowledge, sharing our risk expertise, and ultimately protecting them against the risks of non-payment on their domestic and export markets.”
“We are delighted to partner with the Coface group. At DIG, we seek to establish long-term partnerships with strong and credible industry leaders, in order to offer the best solutions and expertise to businesses in Qatar”, said Jassim Al Moftah, CEO of Doha Insurance Group.
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