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Postrecession Start-Ups have Decreased 44.7 Percent

Experian® announced that the number of businesses started each year after the recession has decreased substantially — nearly 45 percent (44.7 percent).   According to an Experian analysis on business start-ups, in 2010 29.1 percent of all small businesses were newly formed, while in 2014 just 16.1 percent were start-ups. The analysis also found that the restaurant industry was the top ... 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 »

Sinosure Signs Partnership Agreement with Serasa Experian

The China Export and Credit Insurance Corporation (Sinosure) and Brazil’s largest credit report company, Serasa Experian, signed a long-term partnership agreement to collaborate on credit information and support services – the company’s first such agreement with a major Latin America-based company. Sinosure reportedly has partnerships in place with more than 120 credit information companies around the world. Source:  Xinhuanet.com Read More »

Anti-money laundering Law to Create New Business Register for Europe

New rules on anti-money laundering could create an unprecedented central registry of European businesses’ real owners before 2018 after being agreed on by the European Council and endorsed by the European Parliament.  The fourth directive on anti-money laundering (AMLD4) – to stop terrorist financing and reduce tax crime – gives member states two years to complete a register of the ... Read More »

FINTECH is Changing the Credit and Credit Information Landscape

FINTECH the disrupting force in lending and credit information   FINTECH, it stands for financial technology, is a new interesting concept –  its all about lending without having to use a credit bureau and being outside banking regulations.  A large amount of capital is already flowing into this sector.  It has yet to be seen whether the performance data of ... Read More »

Country Risk Climate: Trends to Keep an Eye On

Australia – a cautious budget, not too tough but still disciplined; Peru – popular resistance keeps many mining projects in limbo; Slovenia – a political crisis has been avoided. BRAZIL:  The outlook for the economy remains bleak, beclouded, as it is, by three uncertainties that could raise havoc as they conflate. One of them is the pernicious corruption scandal that ... 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 »

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 »

Trade Credit Insurance in Asia Seen as Top Area for Growth

Asia seen as top area for growth by trade credit insurance industry Asian members of the International Credit Insurance & Surety Association (ICISA), recently met in Hong Kong to discuss current market trends and the outlook for the industry in Asia. Richard Wulff, Group General Manager Credit & Surety at QBE and Chair of the Asia Committee: ”Members of ICISA see ... Read More »

Credit Managers’ Index Decline in February Surprises

The National Association of Credit Management’s Credit Managers’ Index dropped significantly this month, an unexpected decrease considering where projections were a few months ago. “That is a nasty drop and at no point in the last year has it been that low,” said Chris Kuehl, NACM economist and cofounder of Armada Corporate Intelligence. “The reduction in the overall score was ... Read More »

Payment Systems:  Creditreform Introduces CrefoPay

Creditreform Germany introduced its new payment system CrefoPay at the recent CeBIT* Convention and Exhibit Center in Hannover.  In making this announcement, Creditreform President Christian Wolfram stated: “CrefoPay is a complete solution for payment processing in online trading.  More and more consumers take advantage of shopping on the Internet – mobile generated sales in 2014 has risen 42% alone in ... Read More »

Analytics is the Fastest-growing Segment of Business Intelligence

A top information technology research company advises that riding the wave of applying advanced analytics to big data – to identify everything from opportunities to risk – should be global businesses’ top priority. Gartner says the booming trend of using advanced analytics within business intelligence (BI) is being fuelled by the need to make analysis accessible to more firms, and ... Read More »

Experian Research:  UK SMEs Lax on Checking Credit

Almost 85 per cent of UK SMEs operating internationally do not check the credit reports of overseas customers and suppliers.  Experian’s SME Reputation Index highlights how SMEs trading abroad are risking exposure to bad debt and cash flow problems Almost 85 per cent of UK SMEs who operate internationally do not check the credit history of potential overseas customers or ... Read More »

Company Information Reveals World’s Most Profitable Firms

The twenty most profitable businesses, globally, have been revealed via business intelligence reports with Finance, Tech and natural resources companies dominating. The company with the highest profits in the world today is the Industrial and Commercial Bank of China with revenues of $89 billion.  Despite its net income from continuous operations currently at $43 billion, profits at the Chinese bank ... Read More »

India: Wilful Defaulters May Face Trial in 30 Days

Over 40,000 cases worth Rs 1.73 lakh crore (US$28bn) of Wilful Defaults: The India finance ministry had set up a committee to come up with effective measures to deal with wilful defaulters The Indian finance ministry had set up a committee to suggest measures to deal with wilful defaulters. VK Bhasin, former secretary in the law ministry’s legal department, is the advisor ... Read More »