Protects investors, lenders and contractors against political risks that may occur in Arab countries hosting their investments or projects
Protects exporters against the risk of default of payment of an importer/a local buyer/a payment obligor due to credit or political risk occurrence
Protects Financial Institutions against risks of default of payment due to credit or political risks occurrence in Arab countries
Offers bespoke solutions in the field of credit & political risks insurance that meet the various needs of the Brokers’ customers.
Offering additional underwriting capacities to Export Credit Agencies and insurance companies by re-insuring or co-insuring credit and political risks
The insurance policy protects the insured banks against credit & political perils that may lead to the default of the obligor banks under various trade finance instruments – whether letters of credit, avalized drafts or otherwise.
The insurance policy enables the insured Banks to mitigate and transfer credit risks, support their customers, increase opportunities, balance the portfolio and satisfy capital requirements.
In case of a claim, Dhaman pays up to 100% of the insured amount under the insured transaction.
Signing of the Master Trade Finance Insurance Policy
The insured Bank sends an enquiry with all transaction details
Dhaman sends Firm Insurance Offer or Tentative Non-Binding Indication
The Insured Bank sends formal Insurance Application along with copy of instrument
Dhaman issues Insurance Decision for underlying transaction
The Insured Bank sends declaration of utilization upon shipment or draw-down
The insured Bank pays the due insurance premiums
In case of default, claim, compensation & recovery processes are followed
Shaimaa M. Aldoussari, Head of Financial Institutions Unit