The world is deeply transforming, with numerous developments that impact domestic and international trade. On a regional level, the MENA region has undergone a series of shifts that force companies to adapt their strategies to navigate through a climate of uncertainty.
LCI’s Group of companies have been working to transform their core business models and offerings to respond to these changes and provide their customers with growth opportunities globally. LCI, as a highly specialized player in the credit insurance sector, has expanded to manage risks related to trade across the Middle East, Africa and the Balkans. LCI Services is continuing to support corporate clients, as well as insurance companies offering trade credit insurance, to conduct business in a safer manner.
LCI Group’s success over the past two decades is attributed to a strong partner network, solid reinsurance cover, an extended network of information providers, and is powered by a highly skilled team. Thanks to extensive experience and unique business models, LCI and LCI Services are able to enter markets that are deemed high risk ones, and rapidly build strong local knowledge. This market knowledge is then relayed to local and regional companies who operate in these markets, and customized credit insurance solutions are delivered, characterized by a high level of professionalism and unparalleled standards of quality service.
As the world continues to change, new forms of trade enter center stage, and credit insurance as a product, as well as the connected services offered by the LCI Group, will continue to adapt to act as a driving force in international trade facilitation.
The regional expert team is prepared to overcome new challenges, seek novel opportunities, and design modern and efficient solutions for its clients to trade safely, under both traditional and new forms.
Sincerely,
Dominique Charpentier
Chairman of LCI
LCI took part in the Berne Union’s Annual General Meeting, held in Paris in October 2018. Karim Nasrallah, LCI’s General Manager, delivered a presentation on the topic of factoring, covering a case study on fraud detection and prevention.