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Alibaba.com Helps SMEs Build Trust in Cross-Border Trade with Trade Assurance

Alibaba enters trade assurance business as a free service to buyers who trade with Alibaba Trade Assurance suppliers Alibaba.com launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China.  The ‘ultimate payer’ for the service are customers of Alibaba (suppliers) who qualify as Trade Assurance Suppliers. Through 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 »

“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 »

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 »

China Risk Climate: Corporate Overdue Payments in China at High Levels

Slower growth and increase in non-performing loans expected in 2015  Coface, a leading trade credit insurance company, published asurvey on corporate credit risk management in China, which reveals that 8 out of 10 corporates experienced overdue payments in 2014.  Coface forecasts that GDP growth will slow down to 7% in 2015 (vs 7.4% in 2014). As corporates are still facing ... Read More »

Majority of Very Late Payments Remain Uncollected in the Americas

More than half of the value of B2B receivables over 90 days past due were written off as uncollectable by businesses in Brazil, Canada, Mexico and the United States (the Americas). The September 2014 edition of the Atradius Payment Practice Barometer, a survey of B2B suppliers in Brazil, Canada, Mexico and the US, found that, on average, 38.4% of the ... Read More »

Coface Hong Kong Offers Online SME Credit Insurance

Coface Launches an Innovative Offering For SMEs in Hong Kong: Easyliner, a Simple On-Line Solution to Protect Against Unpaid Invoices Coface is introducing an innovative solution targeted at SMEs, recognizing that a quarter of bankruptcies are linked to unpaid invoices.  SMEs are particularly vulnerable to the consequences of unpaid invoices, because they are the least protected.  SMEs are also the ... Read More »

Coface Appoints Hung Wong as Asia-Pacific Regional CEO

Coface announced the appointment of a new CEO for the Asia Pacific Region.  Hung Wong will be based in Hong-Kong and will be able to draw on extensive regional experience and a strong track record in sales, channel management and partner development to grow Coface’s business in the region. Hung Wong, 43, a science graduate from the National University of ... Read More »

‘The Future of Trade Credit and Surety Insurance’

A new white paper ‘The future of Trade Credit Insurance’ is published by Russell Group Limited, a risk management software and service company, for which Robert Nijhout, Executive Director at ICISA was interviewed.   The white paper explores the current export and credit environment, supply chain disruption, global sovereign debt concerns, and the threats posed by non-payment and political risks. ... Read More »

Andreas Tesch, the New President of ICISA Targets SME Sector

In an exclusive interview with Global Trade Review (GTR), the new International Credit Insurance & Surety Association (ICISA) president Andreas Tesch has singled out SME finance and stronger association links as key aims moving forwards. In his first interview as president of ICISA, Tesch spoke to GTR about the association’s goals and ambitions, and also his personal view of the industry, with ... Read More »

Credit Insurance: Trade Environment Improved, but Certain Risks Threat to Recovery

The members of the International Credit Insurance & Surety Association (ICISA) met in Hamburg for their 72nd Annual General Meeting to share and discuss market and industry developments. The economic environment continuous to improve, but it is acknowledged that there are still risks threatening the recovery, such as lack of adequate SME financing, continued high sovereign debt levels and political ... Read More »

FCIB Munich Conference:  Transparency Increasing but Risk Remains

FCIB hosted its annual International Credit & Risk Management Summit on May 11-13, offering global credit professionals a rich opportunity to hone their international risk management skills and build their professional networks.  From shifts in global economies to especially pertinent regulatory compliance issues to detailed contract negotiation practices, the event provided attendees with a master class in how to manage credit in ... Read More »

Trade Credit Insurers Report New Business Growth in 2013 – Industry still Concerned about Fragile Recovery

Trade credit insurance members state that the market is characterized by strong competition and new business growth in 2013.   This however is negatively influenced by the ongoing economic and political conditions in part of the world. The claims picture in 2013 differs per country with average claims size decreasing in Western Europe, Spain and Portugal.  Claims frequency increased in the ... Read More »

Risk Climate: Credit Insurance Industry Expresses Positive Outlook for 2014

The members of the International Credit Insurance & Surety Association (ICISA) reported member new business growth in 2013 was negatively influenced by the ongoing economic and political conditions in parts of the world.  ICISA members however expect an overall positive growth outlook for 2014. The claims picture in 2013 differs per country with average claims size decreasing in Western Europe, ... Read More »

Coface Licensed to Sell Credit Insurance in Colombia

Coface has obtained a license from the local regulatory bodies enabling it to sell its credit insurance solutions directly.  Colombian companies will now be able to take full advantage of Coface’s expertise in the fields of credit risk prevention and protection for all their domestic and export trade operations, as well as benefit from its extensive international network. The Colombian ... Read More »