Business leaders in Bahrain are increasingly using trade credit insurance to protect their operations. During a recent session in Manama, industry experts shared practical ways to manage financial risk. As a result, many companies are now considering trade credit insurance in Bahrain as a growth tool.
To start, AF Willis Bahrain hosted a Business Breakfast focused on this topic. Ritesh Sampat, a leading expert in credit insurance, led the discussion. He explained how trade credit insurance in Bahrain can reduce risk and support expansion.
Moreover, Sampat urged business owners to stay alert to market changes. For example, customer defaults and payment delays are rising. These issues affect cash flow and make growth difficult. Therefore, businesses must act quickly and wisely.
Additionally, global problems such as inflation, interest rate hikes, and supply chain disruptions increase risk. Because of these challenges, more companies are looking for structured financial solutions. Trade credit insurance gives them the safety they need.
Furthermore, many industries in Bahrain face high credit risk. For instance, construction, manufacturing, and wholesale trade often depend on foreign markets. These sectors experience more delays and client insolvencies.
Consequently, firms in these areas must protect their receivables. Using trade credit insurance helps them offer credit while reducing fear of loss. It also allows them to build stronger partnerships with customers.
During the event, attendees explored key legal and financial updates in Bahrain. These updates impact credit policies and business planning. By understanding the rules, firms can stay compliant and avoid penalties.
In addition, Sampat shared several useful tips. He encouraged proactive credit management, clear payment terms, and using trade finance tools. These practices lower the risk of unpaid invoices and support stable growth.
Attendees also exchanged ideas with each other. They discussed current problems and shared their own strategies. This created a helpful environment for learning and collaboration.
Jonathan Abela, General Manager of AF Willis Bahrain, spoke during the event. He said their goal is to provide smart risk solutions for businesses. According to him, trade credit insurance is becoming a key driver of growth in the region.
Finally, AF Willis Bahrain remains committed to offering strong insurance services. Their focus includes credit coverage, employee benefits, and risk management tools. Their team continues to help companies succeed in tough markets.
