History
20 Years of Innovation,
Two Decades of Leadership
For over 20 years, the Lebanese Credit Insurer (LCI) has been at the forefront of innovation in the world of trade credit insurance and trade finance. The journey of LCI has not been one without challenges, being the first private trade credit insurance company in the MENA region. Fueled by an entrepreneurial spirit, LCI has continuously managed to change these challenges into opportunities. For over two decades, Lebanon has served as the hub for LCI and a base of its global expansion into developing markets.
Today, the LCI Group of Companies are present in 17 countries, servicing the Middle East, Eastern Europe and Africa, providing Credit Insurance and related services including Credit Information, Debt Collection, Consultancy Services, Credit Insurance Outsourcing Services, and Financial & Insurance Technology Services and Systems.
Explore the history of LCI, the key milestones and achievements, since 2001.
Cool Timeline
LCI is founded in Beirut
First policy is issued and signed
The first venture outside of Lebanon
LCI ventures into Saudi Arabia, signs partnership with UCA
LCI’s insured turnover reaches USD 160 million
With a number of buyers insured reaching 1,000 buyers.
LCI officially becomes a Berne Union – Prague Club member
Regional expansion
LCI ventures across the GCC (Qatar, Kuwait, Oman, Bahrain & the UAE), signs partnership with Arabia Insurance Company
LCI’s insured turnover reaches USD 1 billion
with insured buyers exceeding 2,500
LCI Services is founded
Regional expansion continues into Jordan, with Arabia Insurance Company Jordan & Egypt, with GIG Egypt
Beyond the region, the Balkans & Africa
LCI ventures into Croatia in partnership with HKO and into Nigeria, with IGI Nigeria
Insured turnover in excess of USD 2 billion
Insured buyers exceed 15,000
Expansion across the Balkans continues
LCI signs regional partnership with Triglav, covering Serbia, Macedonia, Bosnia & Herzegovina and Montenegro.
Insured buyers exceed 24,000 and insured turnover in excess of USD 3.1 billion
Setting the sights on Africa
LCI partners with ASKIA Assurances, establishes presence in Senegal
TAJER is launched – the first SME policy in the Middle East
Debt collection services expand to 11 countries in Africa
International expansion of LCI
Cooperation agreement signed with NIC in Uganda, Universalna in Ukraine and MISR Insurance in Egypt
EYERIS International Ltd.
LCI’s finsuretech arm is founded
Further expansion in the GCC
LCI partners with Credit Oman to develop new opportunities together in the Sultanate of Oman.