Sukoon Insurance PJSC, in partnership with CME Capital Insurance Consultancies, is pleased to announce the strategic expansion of its credit insurance solutions. This milestone reaffirms Sukoon’s commitment to supporting trade, managing counterparty risk, and enhancing business resilience for organisations operating across domestic and international trade environments.
The partnership leverages CMECIC underwriting expertise with Sukoon’s exceptional financial stability, rated ‘A’ (Excellent) with a stable outlook by S&P Global Ratings, and holding an A2 Insurance Financial Strength Rating (IFSR) from Moody’s. Furthermore, the portfolio is backed by a robust panel of highly rated, globally recognised reinsurers, providing maximum security and confidence to policyholders in an unpredictable market.
Hammad Khan, Interim CEO at Sukoon Insurance, commented “At Sukoon, our priority is to empower businesses with the tools they need to navigate an evolving economic landscape with confidence. This strategic expansion of our credit insurance offering underscores our commitment to delivering practical, commercially relevant risk solutions. By partnering with CMECIC and backed by a formidable panel of financially sound global reinsurers, we are providing a disciplined and robust platform that proactively supports trade growth and the financial resilience of our clients.”
Through the underwriting expertise of CMECIC, Sukoon will focus on disciplined risk selection, portfolio quality, and highly responsive service. The offering is designed to help businesses confidently protect receivables, safeguard cash flows, and secure financing support from lenders as they navigate evolving economic conditions, supply chain pressures, and heightened credit risks.
David Avasthi, Managing Director and Chief Underwriting Officer at CMECIC, added “We are thrilled to collaborate with Sukoon in delivering these specialised credit insurance solutions. Credit insurance is not simply a product; it is a partnership built on trust, transparency, and sound judgment. Our shared focus is on deploying a clear, long-term underwriting philosophy with an emphasis on market knowledge and close collaboration with our brokers and clients. Supported by our experienced underwriting team, we look forward to delivering sustainable value across a diversified portfolio of industrial sectors and geographies.”
All underwriting inquiries will be managed through established partner and client channels.
About CMECIC:
Separating from its insurance umbrella in 2021, and now from its main offices in Dubai, UAE along with its sister entities – CME Capital Management (KIZAD- Abu Dhabi); and CME Capital Project Management (Dubai), CME Capital Insurance Consultancies (Dubai) services various clients and partners globally.
CMECIC, duly licensed by UAE’s Central Bank, uses its aggregate decades of insurance underwriting, financial structuring and trading experience to assist various clients across the globe in transferring or sharing risk with financiers and insurers – often also including the design of new products and advise in reinsurance placements.
About Sukoon:
Established in 1975, Sukoon Insurance PJSC (“Sukoon”) – a public stock company – is among the leading insurance providers in the UAE. Sukoon provides a range of comprehensive insurance solutions for motor, life, health, and general (property, energy, engineering, aviation, marine, and liability) needs to its 1.36 million insured members. Sukoon’s operations span across Oman and all Emirates in the UAE.
Sukoon is committed to providing outstanding insurance solutions which help create and protect wealth and wellbeing. The Dubai-based company stays true to its vision by serving businesses and individuals with a team of over 700 professionals through an intensive distribution network of branches, brokers, bancassurance partners, agencies, e-commerce platforms, and a dedicated call centre.
In 2025, Sukoon registered gross written premiums (GWP) of AED 7 billion. With a solvency ratio of 275 percent and exemplary ratings from Standard and Poor’s (A rated) and Moody’s (A2 rated), it clearly demonstrates its financial soundness, robustness in risk management processes, effective governance, and ability to serve its clients effectively in the long run.
At its core, the Company is customer-centric, with a keen devotion towards providing exceptional services. Its priority has always been to build long-term relationships with its clients with their delight as its non-negotiable objective.
Put simply, Sukoon wants to continue reinforcing its position as a reference for other insurers in the region for exemplary customer service.
