Euler Hermes is a leading global credit insurance company that provides a range of credit insurance options to businesses of all sizes. With over 100 years of experience, Euler Hermes has established itself as a trusted partner for companies looking to mitigate the risks associated with trade credit. The company's credit insurance options are designed to protect businesses against the risk of non-payment by their customers, providing them with the confidence to trade with new customers, expand into new markets, and grow their business.
Euler Hermes offers a variety of credit insurance products, including whole turnover credit insurance, which covers a company's entire portfolio of customers, and single buyer credit insurance, which provides coverage for a specific buyer or group of buyers. The company also offers excess of loss insurance, which provides additional coverage for large or complex transactions. Euler Hermes's credit insurance options are tailored to meet the specific needs of each business, taking into account factors such as industry, customer base, and geographic location.
Credit Insurance Products
Euler Hermes’s credit insurance products are designed to provide businesses with comprehensive protection against the risks associated with trade credit. The company’s products include:
- Whole Turnover Credit Insurance: This product provides coverage for a company’s entire portfolio of customers, protecting against the risk of non-payment.
- Single Buyer Credit Insurance: This product provides coverage for a specific buyer or group of buyers, allowing businesses to manage their risk on a case-by-case basis.
- Excess of Loss Insurance: This product provides additional coverage for large or complex transactions, protecting businesses against the risk of significant losses.
Credit Risk Assessment
Euler Hermes’s credit insurance options are underpinned by a comprehensive credit risk assessment process. The company’s team of experienced underwriters use a range of tools and techniques to assess the creditworthiness of a business’s customers, including:
| Assessment Criteria | Description |
|---|---|
| Financial Performance | An analysis of a company’s financial statements to assess its creditworthiness. |
| Industry Trends | An analysis of industry trends and market conditions to assess the potential risks and opportunities. |
| Management Experience | An assessment of a company’s management team to evaluate its ability to manage risk and make informed decisions. |
Euler Hermes's credit risk assessment process provides businesses with a detailed understanding of the risks associated with their customers, enabling them to make informed decisions about their credit insurance needs.
Benefits of Credit Insurance
The benefits of credit insurance with Euler Hermes include:
- Protection against non-payment: Euler Hermes’s credit insurance products provide comprehensive protection against the risk of non-payment by customers.
- Increased confidence to trade: With Euler Hermes’s credit insurance, businesses can trade with new customers and expand into new markets with confidence.
- Improved cash flow: Euler Hermes’s credit insurance products can help businesses to improve their cash flow by reducing the risk of bad debt.
Euler Hermes's credit insurance options are designed to provide businesses with the protection and confidence they need to succeed in today's fast-paced and competitive business environment.
What is credit insurance and how does it work?
+Credit insurance is a type of insurance that protects businesses against the risk of non-payment by their customers. It works by providing a financial safety net in the event that a customer fails to pay their debts. Euler Hermes's credit insurance products are designed to provide comprehensive protection against this risk, giving businesses the confidence to trade with new customers and expand into new markets.
What types of businesses can benefit from credit insurance?
+Any business that sells goods or services on credit can benefit from credit insurance. This includes businesses of all sizes, from small and medium-sized enterprises (SMEs) to large multinational corporations. Euler Hermes's credit insurance products are tailored to meet the specific needs of each business, taking into account factors such as industry, customer base, and geographic location.
Euler Hermes’s credit insurance options are designed to provide businesses with the protection and confidence they need to succeed in today’s fast-paced and competitive business environment. With over 100 years of experience and a global presence, Euler Hermes is a trusted partner for businesses looking to mitigate the risks associated with trade credit.
