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UFI selects Andreas Gruchow President 2016/2017 Term

Andreas Gruchow of Deutsche Messe AG, was elected last week as the 2017 UFI President. Hailing from Germany, Gruchow is a current member of the UFI Executive Committee.  Upon election, Andreas will join Andrés Lopez-Valderama, who is the Outgoing President, and Sergey Alexeev, who is the 2015-16 Incoming President, to form The Presidential Trio. According the UFI website, The Presidential ... Read More »

Country Risk Climate:  The Number of Troubled Companies on the Rise

Number of Troubled Companies Rise in Latest Default Risk Study – Greece and United Stated dominated A monthly study tracking the probability of defaults among companies rose to its highest level in several months in June. The dubious list was dominated by companies based in Greece and the United States. An index tracking the percentage of companies with a default ... Read More »

Andreas Tesch re-elected President of ICISA

The members of the International Credit Insurance & Surety Association (ICISA) re-elected Andreas Tesch, Chief Market Officer of Atradius N.V., to the position of President of ICISA for 2015 / 2016. In 2014 trade credit premiums of ICISA members increased 2.95% while insured exposure grew 11.9%. (ICISA members account for 95% of trade credit insurance worldwide) Mr. Tesch noted; “The ... Read More »

Trade Credit Insurance Demand on the Increase

Improved global economic conditions lead to increased demand for trade credit insurance and surety Trade credit insurance Insured exposure increased by + 11,9% to € 2.21 trillion ($ 2.47 trillion) Premium increased by + 2,95% to € 6.07 billion ($ 6.79 billion) Claims decreased by -/- 1% to € 2.85 billion ($ 3.19 billion) Claims ratio 2014: 46.9% (2013: 48.8%) ... Read More »

USA Risk Climate: Small Business Optimism Reaches ‘Normal’ Level

The G20, the EU and other SME institutions bemoan the fact that SMEs have difficulties in accessing finance and thus retarding growth.  The surprising fact is that in the US only 4% of owners of businesses had problems in financing their operations.  The majority stated that they did not need access to finance! The National Federation of Independent Businesses’ (NFIB) ... Read More »

New PERC and TCAI Study: Is CROA Choking Credit Report Literacy

A newly released study finds that implementation of the Credit Repair Organizations Act (CROA) discourages interested consumers from learning more about their credit reports and scores, creating conflicts with other federal laws and public policy objectives. The authors, from the Policy and Economic Research Council (PERC) and Take Charge America Institute (TCAI) at the University of Arizona, examined data from ... Read More »

Credit Management:  Internal Knowledge of Country’s Culture Key to Success in Global Business

When considering expanding into the international market, it is essential for credit professionals to have a clear understanding of the values and cultures of a country’s business environment. That was a key takeaway during the breakout session, “Going Global,” at NACM’s 119th annual Credit Congress in St. Louis from May 17-20. “It’s culture, communication, regulation and currency,” said Gent Culver, ... Read More »

PERC Study on Expanding Credit Access for ‘Credit Invisibles’

Fully Reported Utility and Telecommunications Payment Data Could Expand Credit Access for “Credit Invisibles,” PERC Study Finds Using fully reported utility and telecommunications payment data (timely and late payment information) in credit reports and credit scores could expand credit access for significant numbers of Americans with thin or no credit files while decreasing credit risk for lenders overall, according to ... Read More »

Equifax, Experian, TransUnion in Settlement of US$6 m with 31 State Attorneys

Equifax, Experian and TransUnion have agreed to improve their approach to fixing mistakes on credit reports and address consumer disputes more effectively under a $6 million settlement with 31 state attorneys. The credit bureaus pledged to more closely scrutinize companies that furnish them with data and to curb the marketing of credit monitoring products to consumers who dispute information on ... Read More »

FCIB Summit: Global Companies Increasingly Turning to Bank Payment Obligation

Technological platforms are becoming a more prevalent resource within the credit industry as ways to help boost a company’s supply chain and optimize working capital. As more corporations see partners and competitors using them with positive results, acceptance will only increase. And the interest in using such tools is already huge, according to panelists at FCIB’s recent International Credit and ... Read More »

“Asia is a big country” – A Credit Insurance Perspective

News from our friends at ICISA – International Credit Insurance & Surety Association ICISA’s Asia Subcommittee met on Friday 27 February in Hong Kong. Over 20 delegates from twelve member companies as well as a member from the Berne Union had discussions about the Asian region from a trade credit insurance perspective. The Chair, Richard Wulff looks back on this ... Read More »

B2B e-Commerce Expected to Grow

Business-to-business (B2B) e-Commerce sales will top $1 trillion by 2020 and account for 12% of the total $9.39 trillion B2B sales in the United States, according to Forrester’s inaugural five-year B2B e-Commerce forecast. This estimate represents an 8% compound annual growth rate over the next five years, with B2B sales reaching $780 billion by the end of this year, Forrester ... Read More »

Financial Inclusion: Benefits of Alternative Data

New PERC Paper finds Growing Research Consensus on Benefits of Alternative Data PERC released a new report recently that highlights the growing consensus on the credit market impacts of using alternative data. PERC’s report Research Consensus Confirms Benefits of Alternative Data synthesizes findings from a diverse group of studies conducted by the private sector and other research organizations. Among key ... Read More »

USA Country Risk Climate: Credit Management Index Signals Financial Stress

The March report of the Credit Managers’ Index (CMI) from the National Association of Credit Management fell further this month, surprisingly, indicating that some serious financial stress is manifesting in the data.  Concern is growing as the CMI flirts with the contraction zone, anything under 50, for the first time in nearly five years.  “We now know that the readings ... Read More »

Trade Credit Insurance:  Russell Group Ltd Publishes White Paper on Important Indicators

Leading risk analysis firm Russell Group Limited has written a new Trade Credit Insurance Market Overview: Inside or Outside the Risk Kaleidoscope in 2015: The Search for Granularity. Based on members’ input, ICISAs executive director Robert Nijhout was, among others, asked to share views about the industry with Russell Group Ltd. for this publication. The Trade Credit Regional Overview encompasses ... Read More »

SIIA Merges its ABM and CISD Divisions into a Single Unit

The merger allows SIIA to focus its resources and become a more powerful and resourceful association to better assist our collective members grow and succeed. The inherent synergies between our two associations are many. ABM serves the business to business media and information profession and helps members navigate tumultuous change in the media industry by providing insight and intelligence. ABM ... Read More »