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ADNEC to leverage Al Etihad Credit’s services

ADNEC to leverage Al Etihad Credit’s services
Abu Dhabi National Insurance Company (ADNEC) announced Tuesday that it has started using Al Etihad Credit Bureau’s services
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Dubai – Mubasher: Abu Dhabi National Insurance Company (ADNEC) announced Tuesday that it has started using Al Etihad Credit Bureau’s services.

According to the Federal Law No. 6 of 2010 concerning credit information, Al Etihad Credit Bureau has the authority to collect credit information from financial and non-financial institutions in the UAE.

ADNEC will use such information to assess the creditworthiness of its customers in the UAE.

For his part, Ahmed Idris, ADNEC’s chief executive officer, said that the use of Al Etihad Credit’s services is in in line with the company’s objectives that include the implementation of the state-of-the-art practices in the industry, as well as enhance its capability to manage credit risks.

“Along with the banks, financial institutions and telecoms companies, many non-financial institutions benefit from the reports and the credit rating services provided by the leading insurance company, as well as other innovative credit risk management services,” said Marwan Ahmed Lutfi, chief executive officer of Al Etihad Credit Bureau.