LCI, represented by Mr. Karim Nasrallah (General Manager) attended the Trade Credit & Risk Insurance Forum on October 11-13, 2015. The conference took place at the The Address Hotel, Dubai Mall, Dubai, UAE. The theme of the Conference was ‘Leveraging insurance and credit management to minimise risk, enhance trade and ensure sustainable business growth.” The forum was attended by various leader from leading ministries, regulators, corporates, SMEs and insurers.
The conference was made of 2 conference days and 1 workshop. The first two days brought together multiple speakers and panelists to discuss the economic and political risk landscape, Insurance product trends and innovation, commercial credit and risk management amongst other topics.
The workshop had a more focused and technical perspective and went into depth on topics such as “Understanding the legal aspects of claims, coverage, disputes and recoveries for Trade Credit and Political Risk insurance” and “Examining the regional political and economic risk landscape and framing strategies to effectively mitigate these risks and ensure business growth”.
Mr. Nasrallah was an active delegate at the conference. He gave a keynote presentation on the topic: “Assessing key criteria that influence insurers.” He discussed criteria such as debt loss history, and trade performance and policy variables such as cancelable and non-cancelable limits, discretionary limits and buyer limits.
He also took part in the Stakeholder panel on Obstacles for SMEs in the region. The other panelist was Sanjoe Mathew, Regional Associate Director, Trade, Export & Structured Finance, Huawei, UAE.
The panel tackled the following:
• Common concerns for SMEs in the region
• Challenges and solutions
• SMEs with relation to banks and financing