It is to an evolving and challenging geopolitical environment that LCI had to quickly adapt and change the way we are operating in the Middle East.
Markets are volatile and more and more interconnected, companies of all sizes are exposed to growing risks.
For over 15 years, our portfolio has been steadily growing, and we have been closely observing our clients’ businesses expand across geographies. Concurrently, we have been eyeing new markets to venture into, diversifying and tailoring our services to cater to local needs.
In such unpredictable times, what we can do is focus on innovation in our business, offer new tailored solutions for the changing marketplace, as well as diversifying our spread of risk, to create a well-balanced portfolio. That is what our current strategy is based on and our commitment remains to be a driving force in trade facilitation across the MENA region, primarily by ensuring and protecting companies and their trade receivables.
GM of LCI
Letter from the Chairman
As the new Chairman of the Board of LCI I am honoured to succeed Gerard van Brakel, who has pioneered credit insurance in this part of the world.
Credit insurance has been created to manage the risks related to trade and especially international trade between companies. It is a very concentrated industry at an international level, but leaves room for smaller, highly specialized players. LCI has been one of them for more than 15 years, covering specific markets in Lebanon and the Middle East.
Created as a result of strong shareholders putting together the competences of one of the world’s leading credit insurers, Atradius, and the knowledge of regional actors, supported upwards by an extended network of information providers and downwards by the reinsurance world, LCI has set up solid and experienced teams who have developed an original business model. This model is very well adapted to the markets LCI is operating in, delivering customized credit insurance solutions to local and regional companies, characterized by a high level of professionalism and standard of service quality. The model is so performant that it proved to be efficient beyond the Middle Eastern region, as was demonstrated in the Balkans.
It can, as well, be the platform for the credit insurance of tomorrow. Indeed, the world is changing rapidly, new forms of trade enter centre stage, and credit insurance will have to adapt as a result. I have no doubt that LCI’s team has the capacity to meet this challenge, and come out with modern and efficient solutions for its clients to trade safely, under both traditional and new forms.