Oman Insurance Company (OIC), a prominent insurance player in the GCC and one of the UAE’s leading insurers, has signed up with the Al Etihad Credit Bureau (AECB) to review commercial clients’ credit worthiness and better manage credit risk exposure.
The Al Etihad Credit Bureau is a Federal Government entity mandated to build a repository of credit information in the UAE from both, financial and non-financial institutions. The resulting Credit Scores and Credit Reports produced from this data for individuals and companies alike will be used by OIC to provide convenient payment plans for clients with good credit history.
Commenting on this association, Jean-Louis Laurent Josi, Chief Executive Officer at OIC says, “The partnership with Al Etihad Credit Bureau is one more step in our objective to implement best practices, strengthen the way we manage credit risk exposure and continue to reinforce our financial strength. The valuable scoring information will allow us to improve our risk management practice, make informed decisions on the credit worthiness of an entity, and ultimately support clients with a high credit ranking.”
Learn more about OIC at www.tameen.ae
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About Oman Insurance Company
Oman Insurance Company (P.S.C.) was established in 1975 and is one of the leading insurance providers in the Middle East. Oman Insurance Company has operations across Emirates in the UAE as well as in Oman, Qatar and a subsidiary in Turkey.
OIC provides a wide range of insurance solutions for individuals and enterprises in Life, Medical and General insurance. With a gross written premium of AED 3.72 billion in 2017, OIC is rated ‘A Excellent’ by AM Best and ‘A- Stable Outlook’ by Standard & Poor’s.
Additional information about Oman Insurance Company can be found at www.tameen.ae
For more information please contact:
Julien Audrerie
Head of Marketing
Oman Insurance Company
Tel: +971 4 233 7539
Email: media@tameen.ae
Cecelia Almeida
Senior Marketing & Communications Manager
Oman Insurance Company
Tel: +971 4 233 7970
Email: media@tameen.ae
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