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.
Reaching new 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 Qatar.
Establishing a long-term partnership
"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.”
- Jassim Al Moftah, CEO of Doha Insurance Group