DUBAI, 6th March, 2022 (WAM) — Dubai National Insurance (DNI) has signed a Memorandum of Understanding with Al Etihad Credit Bureau (AECB) on 3rd March, 2022.

The MoU underscores DNI’s commitment to transparency within the financial industry in order to better serve its clients and protect the interests of its shareholders.

The AELC collects credit information from financial institutions such as banks and finance companies and non-financial institutions in the UAE such as telecommunications operators and large conglomerates – and government entities, including courts and water and electricity providers, which are then used to produce credit reports and credit reports. Scores made available to individuals and businesses in the UAE.

Abdulla Al Nuaimi, CEO of DNI and Reinsurance PSC, said, “DNI is committed to promoting best practices through key partnerships with the public sector to strengthen our financial position and mitigate risk exposure. credit. Partnering with the AECB is an important step in helping us understand and better serve our customers and help us distinguish service offerings to customers with strong credit histories. »

Marwan Ahmad Lutfi, CEO of AECB, said, “We pride ourselves on delivering timely credit reports that are consistently grounded in transparency, as we believe this is the key to building trust and forging relationships with long term. Our collaboration with DNI is yet another step in The AELC’s expertise in credit risk forecasting will resonate positively with DNI’s client base and provide the tools needed to support larger holdings.

AECB products help better support insurance claims decisions to reward individuals and businesses for maintaining timely payment schedules and solvency and accessing the best products and offers in the world. industry. DNI can rely on AECB reports and ratings to assess the financial strength and capabilities of individuals and businesses.