Trade Credit Insurance in the MENA Region

Karim Nasrallah

General Manager at LCI - The Lebanese Credit Insurer

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Within the MENA region, it was only on the back of the international financial crisis in 2008 that a strong awareness was created for trade credit insurance as a protection against companies' failure to pay. Adding to the financial instability and the lack of liquidity in the markets, the ''Arab Spring" has also brought another surge in demand for credit risk protection, including political risks.