Welcome to July's issue of Credit Insurance News Digest, the industry newsletter devoted to the global trade credit insurance industry. This issue is sponsored by Chubb. 

Index
 
Credit Management News Digest 
Credit Insurance News
Trade credit insurance claims soar to a 10-year high. According to the latest figures from the Association of British Insurers (ABI), the number of insurance claims made so far this year by UK businesses facing bad debts has reached its highest level in ten years. The latest figures highlight that in the first quarter of the year, there were 5,114 new trade credit insurance claims (57 per day on average), up 6% on the previous quarter and the highest quarterly level since Q2 2009. The ABI's data also found that the value of claims paid was £48 million - up £1 million on the previous quarter - with £9000 being the average payment. Mark Shepherd, Assistant Director and Head of General Insurance Policy at the ABI, said: “Too many firms remain at the mercy of bad debts. We must do more to raise awareness of the importance of trade credit insurance.” To read the ABI's news release go to https://www.abi.org.uk/news/news-articles/2019/06/unpaid-uk-bad-debt-claims-soar-to-a-10-year-high/.
A surge in demand for trade credit insurance mirrors concerns about an uneven economic outlook. The International Credit Insurance & Surety Association's (ICISA) recent General Meeting reported that in 2018 its member's trade credit insurer's insured exposure increased by 8% to €3.0 trillion and trade credit insurance premium increased by 6.7% to € 6.7 billion. Claims paid also increased by 1.5% to € 2.9 billion. President of ICISA, Patrice Luscan, commented: "ICISA trade credit insurance members paid out three billion Euros in claims to clients over 2018, demonstrating the soundness and financial flexibility of the industry.” To read the ICISA's news release go to https://www.icisa.org/wp-content/uploads/2019/06/ICISA-PRESS-RELEASE-Industry-Results-Annual-Meeting-2019.pdf.
Credit insurance policyholders in the Netherlands warned to keep payment terms as short as possible with UK buyers. Fresh Plaza has reported that Brexit uncertainties are driving increased requests for credit insurance cover in the Netherlands. Edwin Kuhlman, Head of Acceptance for Atradius, notes that the number of requests on British debtors has increased by 15% in the past 12 months, with a considerable increase particularly in the first months of this year (when the Brexit deadline was set for 29 March). “Companies really started to worry when no solution was found yet.” Mr Kuhlman also notes that Atradius is "showing a bit more restraint in our acceptance policy. Certain sectors have a lower acceptance degree." and cautions businesses in the Netherlands to keep their payment terms with UK businesses as short as possible. To read FreshPlaza's article go to https://www.freshplaza.com/article/9112967/credit-insurers-keep-payment-terms-as-short-as-possible/.
The trade credit insurance market remains oligopolistic. A new publication by AU Group, 'Study 2019 – Credit Insurance Market', has reported that the trade credit insurance market remains very oligopolistic, with just the top three credit insurers representing 75% of premium. As of December 2018, Euler Hermes had the largest market share (34.1%), followed by Atradius (24.6%) and Coface (17.1%). Overall, AU Group also notes that the trade credit insurance market in 2019 has found new growth and that the main credit insurers have reported a good performance in terms of revenues and profitability. In terms of net combined ratio (loss ratio plus overhead expenses, Atradius marginally led its competitors with a net combined ration in 2018 of 76/7%. The report also notes To read AU Group's report go to https://www.au-group.com/credit-insurance-market-2019/.
2018 was a "stellar" Year for the Canadian credit insurance Industry. Global Credit Risk Management (GCRM) has reported that 2018 was an excellent year for Canadian credit insurance underwriters. For example, EDC went from a 166% loss ratio for 2017 to a -15% loss ratio in 2018. Similarly, the year-end loss ratios for AIG, Atradius, Coface and Euler Hermes were 15%, 12%, 27% respectively - well below the insurers' target loss ratio in the 50% range. Euler Hermes at 59% had the largest loss ratio of the major insurers. RIAC also notes that the five underwriters mentioned above collectively captured approximately 90% of the Canadian credit insurance market in premium dollars. To read GCRM's news release go to https://tradesecurely.ca/2018-a-stellar-year-for-the-credit-insurance-industry-despite-the-global-trade-policy-uncertainty/.
The emergence of digital B2B marketplaces is driving demand for innovative forms of trade credit insurance. GTR (Global Trade Review) has published an article which reports that Credable, a Euler Hermes insurtech brand launched last year, is now working with three new B2B platforms to offer its credit rating capability and pay-as-you-go credit insurance on trades completed digitally. Credable was the first stand-alone brand to come out of the Euler Hermes Digital Agency - a department tasked with rethinking the way trade credit insurance is provided - and is predicting tremendous opportunities ahead as more trading communities go digital. It is also exploring how to link with other types of digital platforms, such as invoice management systems and accounting software. To read GTR's article go to https://www.gtreview.com/news/fintech/growth-of-digital-b2b-marketplaces-prompts-demand-for-innovative-trade-credit-insurance/.
Kier Group provides an update amid credit insurance trouble. Insurance Business has reported that following recent reports in The Times which noted that two trade credit insurers (which The Times named as Euler Hermes and Tokio Marine HCC) have recently withdrawn credit insurance from Kier, the construction contractor has issued a statement to reassure that it is "working with those suppliers to mitigate the impact of this.” The group, which said its largest customers continue to be supportive at this time, also stresses will make its portfolio simpler – focusing on regional building, infrastructure, utilities, and highways and selling or substantially exiting non-core activities such as facilities management and environmental services as well as Kier’s housebuilding and property development businesses. To read Insurance Business' article go to https://www.insurancebusinessmag.com/uk/news/construction-engineering/kier-group-provides-update-on-debts-amid-credit-insurance-trouble-170261.aspx.
UKEF to introduce a general export facility designed to make support for exports more flexible for smaller companies. The UK’s export credit agency, UK Export Finance's (UKEF), latest results for 2018-19 revealing  that it has provided £6.8 billion in support for UK exports - a record since UKEF records began in 1991. It has also announced plans to provide greater support for small companies.  Rt Hon. Dr Liam Fox MP, said: "Looking ahead, UKEF will continue to innovate, introducing a new general export facility designed to make its support for exports more flexible for the needs of smaller companies, as well as further enhancements to its product range." To read UKEF's news release go to https://www.gov.uk/government/news/uk-export-finance-powers-uk-export-boom-with-record-68-billion-support-in-2018-to-2019.
Credit insurance can help you begin again. Belfast Telegraph has published an article, 'Credit insurance can help you begin again', by Nigel Birney, Head of Trade Credit Insurance at Willis Towers Watson. Mr Birney comments that previous business failure can often mean that access to finance for a new company is less forthcoming and alternative sources are hard to come by. Among other benefits, credit insurance provides a solution which will give financial institutions the comfort that any new business has robust risk management procedures in place and will be secure going forward. "There are lifelines and guidance out there for business owners to protect themselves from being burned again. Credit insurance is one vital way of shielding small businesses from harm in the future." To read Belfast Telegraph's article go to https://www.belfasttelegraph.co.uk/business/northern-ireland/credit-insurance-can-help-you-begin-again-38270275.html.
New unsecured creditor figures illustrate the value of trade credit insurance. New research by InfolinkGazette has indicated that the recent failures of Pretty Green Limited, Freemont Ltd, British Midland Regional Limited t/a Flybmi, Better Bathrooms, Ubercasual Limited (Trading As Jack & Jones), Blenheim Homes North East Limited, El Ganso (Acturus Retail (UK) Ltd) and Boing Zone Limited has left at least 866 unsecured creditors owed approximately £32.3 million. In Pretty Green's case, they were themselves an unsecured trade creditor of House of Fraser and lost £522,000 when the store entered administration last year. Greg Connell, Managing Director of InfolinkGazette, commented: "credit insurance cover isn’t always available, but when it is obtainable, can avert the disastrous consequences of becoming an unsecured creditor.” To read InfolinkGaxette's analysis go to https://www.infolinkgazette.co.uk/?pid=6.
Painful destocking in sight for European corporates. A new study, jointly produced by Euler Hermes Economic Research and Euler Hermes Rating, has pointed out the unusually high level of inventories in the Eurozone since mid-2018 with the Eurozone’s inventories-to-new-orders ratio reaching its highest level since 2012 and the highest in the world. Kai Gerdes, Director, Head of Analysis at Euler Hermes Rating, commented: “A majority of European companies in the manufacturing sector surveyed in June 2019 assessed their level of stocks as “being too large”; which usually turns out to be expensive as stockpiling binds financial resources and warehouse space, leading companies to reduce their inventory level through production cuts and discounts in prices.” To read Euler Hermes' news release go to https://www.eulerhermes.com/en_global/media-news/news/Is-a-painful-destocking-in-stock-for-European-corporates.html.
Payment delays expected to increase in North America. Atradius' latest Payment Practices Barometer has reported that 33% of suppliers it interviewed in the USA, 34% in Canada and 40% in Mexico expect an increase in the number of customers who delay payment for more than 90 days. David Huey, Atradius Regional Director for the US, Canada and Mexico, commented: “After ten consecutive years of decreasing insolvencies, payment delays in North America are expected to increase over the coming months. This is a clear reversal from last year. It is chiefly due to the regularly changing government trade policies and slowdown of the global economy. In addition to casting a dark cloud over the insolvency outlook, they are putting a heavy strain on global trade."  To read Atradius' news release go to https://group.atradius.com/press-releases/payment-practices-barometer-americas-june-2019.html. To read Atradius' country specific reports on Canada, US and Mexico go to https://group.atradius.com/publications/results.
Signs of heightening trade credit risk in the US. Atradius' latest Payment Practices Barometer for the US has warned that despite solid fundamentals, clouds are developing over the US economy and there is a heightened perception of credit risk amongst businesses. For 29% of respondents, long overdue invoices (more than 90 days overdue) are expected to increase over the coming months, negatively affecting Days Sales Outstanding. Moreover, 20% of respondents expressed concern that external borrowing conditions might become more difficult. The value of overdue invoices is currently highest in the metals sector at 40.4% of the total value of B2B invoices. The ICT/electronics sector at 33% and the construction sector at 32% follow. The transport sector recorded a low of 11%. To read Atradius' news release go to https://group.atradius.com/publications/payment-practices-barometer-usa-2019.html.
Declining world trade, global and US economic growth and increasing insolvencies. Coface's latest Barometer has confirmed that a decline in world trade in the first half of 2019 has taken place and has warns that despite a slight recovery in the second half of the year, there will still be a 0.7% loss in trade volume over 2019. Coface also predicts that world economic growth is expected to decrease from 3.1% in 2018 to 2.7% in 2019 and warns that a majority of countries should see an increase in corporate insolvencies this year. Trade tensions between China and the US will contribute to a slowdown in the US economy together with lower domestic demand, with economic growth estimated at 2.5% this year and only 1.3% in 2020 (compared to 2.9% in 2018). To read Coface's news release with links to the full report and Coface's latest country risk assessment map go to https://www.coface.com/News-Publications/News/Coface-Barometer-Trade-tensions-return-to-the-forefront-of-the-global-economy.
Is the world economy back in limbo? According to Euler Hermes’ international macroeconomic scenario for 2019 and 2020, after two years of strong growth, the world economy is “back to purgatory” due to global uncertainties, the US-China trade feud and the drawbacks of financial repression. Euler Hermes now forecasts world GDP growth of 2.7% in 2019 and 2020, compared with 3.1% in 2018. Insolvencies are also set to increase by 7% both in 2019 and 2020, with a noticeable increase in Asia (+15% in 2019), a rebound in Europe (+3%) and a gradual trend reversal in the US by 2020. Seven out of ten countries will register an increase in corporate insolvencies in 2019, and one of two countries will end 2019 with more insolvencies than posted annually before the 2008-2009 global crisis. To read Euler Hermes' news release go to https://www.eulerhermes.com/en_global/media-news/news/Is-the-world-economy-back-in-limbo.html.
Australian businesses need to be aware of the ongoing effects unfolding with China’s slowdown. Dynamic Business has reported that Atradius has warned that although the Australian economy is performing relatively well, businesses need to be aware of the ongoing effects unfolding with China’s slowdown. Overall, 34% of Australian merchandise exports are sent to China, with the next two largest export destinations, Japan (16%) and South Korea (7%) also key suppliers to China’s high-tech industrial complex and, as such, among the biggest losers of the trade war with a knock-on effect to Australia’s economy. To read Dynamic Business' article go to https://www.dynamicbusiness.com.au/news/chinas-economic-slowdown-a-bigger-concern-for-australian-businesses-than-the-us-china-trade-war.html.
Lloyd’s rule change represents a boost to credit insurance buyers. TXF has published an article in which James Morrell, Class Underwriter at BRIT Insurance, and David Powell, head of non-marine underwriting at Lloyd’s Market Association, describe how recent rule changes at Lloyd’s of London have strengthened the insurance market’s ability to support buyers of credit insurance worldwide. They explain that from 1 January 2019, Lloyd’s has abandoned its prescriptive set of technical rules in favour of a risk-based, proportionate regulatory framework, with notable benefits for both clients and their insurance brokers. To read TXF's article go to https://www.txfnews.com/News/Article/6779/Shop-talk-Lloyds-rule-change-a-boost-to-credit-insurance-buyers.
 UK ICT sector outlook for 2019 is far more upbeat than in the rest of the economy. Atradius has published its latest Market Monitor for the UK Electronics/ICT industry and has found that despite the looming Brexit uncertainty, the UK technology sector, driven by a surge in funding for tech sectors such as financial technology, artificial intelligence, blockchain and cryptocurrency, has attracted more venture capital investment in 2018 than any other European country. Futhermore, while ICT sales growth is expected to slow down this year, the business sentiment and outlook for 2019 in the industry is far more upbeat than in the rest of the economy. Atradius also notes that on average, the level of protracted payments in the sector is low and that the ICT sector is bucking the overall UK trend of raising insolvencies. To read Atradius news release go to https://group.atradius.com/publications/market-monitor-ict-united-kingdom-2019.html. 
Additional ICT Market Monitor reports are also available for China, US, Germany, Japan, France, Italy, India, Taiwan, Spain, Netherlands, Australia, UAE.
Investigating the new guidelines for CRR-compliant non-payment insurance policies. GTR (Global Trade Review) has reported that the International Trade and Forfaiting Association (ITFA) has revised its guidelines for banks using capital requirements regulation (CRR)-compliant non-payment insurance policies. The move follows significant debate in the past year over the eligibility as a credit risk mitigant for CRR purposes. The article includes an interview with ITFA's legal advisor, Marian Boyle, and Hannah Fearn, Managing Associate in ICTF trade and export finance team to discuss what the new guidelines mean for the market. To read GTR's article go to https://www.gtreview.com/news/europe/analysis-investigating-the-new-guidelines-for-crr-compliant-non-payment-insurance-policies/.
News Quiz 
We are delighted to launch July's News Quiz.
Just six short questions (all answers can be found in this issue and Credit Management News Digest), with the chance to win a £20 Amazon gift card or equivalent donation to the charity of your choice.
We will announce our next winner in the next issue on 11 September.
Click here to take part.

Thank you to readers who took part in June's Quiz. We are delighted to say that the prize went to Roy Stuart at Euler Hermes. Congratulations Roy!
New Appointments
Tinubu Square has announced the appointment of Sophie Riottot as Group Sales Director. She joins the company from Dhatim, a French start-up specializing in AI-powered invoice services, where she was responsible for sales strategy and partnership development. Prior to this, she was with Microsoft for over 17 years.
Markel International has appointed Keith Paul as senior underwriter in its trade credit and political risk team in Dubai to focus on new business development across the GCC and Africa regions. Mr Paul has more than ten years of experience in underwriting across political risk, surety, trade credit and financial lines and joins Markel from Coface Australia. 
Career Opportunities
Summer 2019: Featured Vacancy
Senior Account Manager - Commercial UK & Ireland 
35 hours/week. London
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente, one of the leading insurers in Spain and worldwide in credit insurance.

Unit / Team
As the Commercial Unit, located across the UK and Ireland, our key responsibility within the Atradius group is to ensure profitable and sustainable growth of the Regional portfolio and to manage customer satisfaction, retention and distribution strategy.
Within the team are sales, account management, customer service & support, project management and control teams who work together to oversee and implement the Commercial strategy in order to achieve their targets.
Atradius has its UK and Ireland HQ in Cardiff Bay, and a network of offices throughout the United Kingdom and Ireland, so that our customers can be assured of our personal services.

Job description
As Account Managers in the Commercial UK & Ireland Unit and based in the London office, to suceed in the role you must demonstrate a real desire to support our existing clients thus ensuring we remain the insurer of choice in a challenging London marketplace. Working with our Broker community you will service and grow an existing portfolio of clients in order to meet their needs and achieve your retention and additonality targets. You will make presentations to clients, brokers and other industry professionals in order to negotiate and close renewal of the policies within your portfolio. To do this effectively you will have, or be able to demonstrate sound communication and negotiations skills. You must have the ability to plan and execute your work independently and be able to react quickly to changing priorities.

Knowledge, Skills and Experience
  • Experience within Credit Insurance desirable 
  • Strong understanding of policy structures and an excellent appreciation of the responsibility that comes with managing relationships and delivering against operational plans 
  • Ability to successful renew business ,either at an individual or board level 
  • Well organised and prepared for all customer and broker visits 
  • Confident, ambitious self-starter with a desire to succeed in a competitive market 
  • A team-player, able to work alongside & with other team members to progress / enhance our offering to provide the optimum solution for our Clients & Brokers 
  • Proven ability to achieve financial targets  
  • Relevant business experience or degree 
  • Right to work in the UK
What we offer
  • A great and challenging place to work - dynamic, transparent and informal 
  • An environment for our people where they can realise professional growth 
  • Work in a very international working place 
  • Good career opportunities 
  • Attractive terms and conditions: salary in line with market conditions, commission scheme, pension scheme etc.
Office Location: 10 Fenchurch Street,London EC3M 3BE

Interested? Please send your CV and motivation letter to UKjobs@atradius.com.

Junior Underwriter - Special Products Analyst team
Job description
Within our well established team based in London we have a vacancy for a junior Underwriter responsible for supporting the team to manage a portfolio of buyers within the Special Products Analyst (SPA) team. The SPA team is responsible for approving /acceptance of new requests for credit insurance cover from both our new and existing customers.

You'll get to:
Control Buyer Risk: Through financial and political risk analysis, applying underwriting principles and procedures to support a new risk, or modify an existing strategy, you will work collaboratively with Business Units to obtain and maintain profitable business and ensure appropriate market /sector intelligence is applied in order to be proactive. To be a success you will need to attend customer and broker meetings and present yourself in a knowledgeable and professional manner and apply knowledge gained at the meetings to manage risk.
Deliver Against Quality/Speed of Service: Contributing to ensure the development and maintenance of Service Level Agreements between Underwriting, Claim & Recoveries, and Business Units/Customer is managed successfully. You will control and improve workflow processes to ensure delivery against targets.

You'll achieve this using your:
  • proven technical / financial analysis skills or someone who convinces us they have the desire to learn
  • ability to work efficiently under pressure and deliver against speed of service deadlines
  • aptitude to think outside the box
  • interest and drive to keep up with economic, political and trade sector developments
  • interest in worldwide current affairs
  • willingness to develop
  • desire to deliver excellence 
  • proactive portfolio management
  • ability to work within a team environment 
And you will use your:   
  • excellent communication skills, written and verbal.
  • ability to work independently / self-starter
  • ability to multitask
  • Good organisational and time-management skills
  • Self-motivation, ability to work on own initiative, 
  • Strong knowledge of MS software packages
  • Flexibility to travel locally and internationally
You'll want to work for us because:
  • by joining Atradius you will become part of a successful and ambitious organisation
  • you will thrive in a dynamic, international and challenging work environment
  • you will get training and support to reach your full potential including the opportunity for continuous professional development
  • you will benefit from attractive terms and conditions, including competitive salary, pension package and a range of flexible benefits and rewards
Candidates must be fluent English speakers, a second language would however be an advantage and you must have to right to work in the UK.
 
Office Location:  Based in our office in London, you will also have the flexibility to travel in the UK and on an occasional international basis.

Contact details, Interested? Please send your CV, cover letter and salary indication to caroline.bannister@atradius.com.
 
Please note that we do not accept speculative applications from recruitment agencies.
Client Manager

Aon are currently looking for a Client Manager to join the Credit Solutions team based in the Reading office. 
About the role 

As a Client Manager your key responsibilities will include: Working as part of a multi skilled broking team and under instruction of client directors, to support strategic and global client relationships as well as ownership of own portfolio of clients. Interacting with Clients, Insurers and colleagues on day to day policy management including: 
  • Managing credit limit process (applications, follow up, providing feedback to clients) 
  •  Supporting clients on reporting of overdue buyers and liaising with insurers 
  • Assisting with claims submissions and claims’ broking process 
  • Negotiation of policy wordings with insurers and ensuring timely delivery of accurate policy documentation 
  • Management and monitoring of activity logs where required 
  • Providing clients with training and guidance on policy terms and conditions 
  • Gathering and analysing policy and market data, producing reports and presentations
Managing policy renewals within own portfolio and supporting client directors on renewal process for strategic accounts. Gathering and analysing relative statistical detail, submissions to market, chasing insurers for indications of cover, presenting terms and preparation of renewal reports. 
Preparation for, and attendance of, client and insurer meetings/conference calls plus timely follow up of meeting notes and actions.
Providing advice to clients on market developments and share knowledge of market trends to enhance the overall value proposition. 
Introducing and supporting team on new business opportunities to achieve individual new business target Liaising with colleagues across the Aon global network on Global Client programmes. 
Responsible for adherence to business processes, systems and procedures (including usage of e.g. applicable client service model, applicable insurer online platforms) and Aon insurer security policies where relevant. 
Working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company. 

About you
As a Client Manager your skills and qualifications will ideally include;   
  • Experience of credit insurance, credit management or related sector a requirement
  • Competent in use of Microsoft Office and IT systems   
What we’re looking for in you:   
  • Enthusiastic and innovative
  • Team player
  • Ability to handle significant workflow through efficient time management and organisation
  • Ability to use IT systems to efficiently to deliver client service
  • Self motivated and willing to use own initiative
  • Ability to find creative solutions to new problems as they arise
  • Integrity and working in a way that positively impacts our clients, colleagues and communities 
Salary and Benefits 
This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday.  We also offer tremendous potential with a growing worldwide organisation.
To apply email your CV and covering letter to Laura Chen-Hoyle at laura.chen-hoyle@aon.com.
Events & Offers
GTR Asia 2019, 3-6 September 2019, Singapore.
GTR Asia 2019 (formerly known as Asia Trade & Treasury Week) will return to Singapore September 3-6, 2019. Recognised as the world’s largest international gathering for the trade, commodity, fintech and treasury community, GTR’s annual event in Singapore last year welcomed a record-breaking total of over 1,100 industry participants from local and international banks to multinational corporations and SMEs, independent financiers, commodity brokers and traders, insurers and risk managers, lawyers, consultants, ECAs and multilaterals and more!
2019’s event is set to be even bigger and better! Participants will have the chance to hear over 100 of the world’s leading trade, treasury and fintech experts reflecting on developments in the Asian market and more globally, whilst also having the chance to network and discuss trade priorities with over 500 different companies.
Delegates will also benefit from the use of multiple streams with coverage at the event focused on a range of topics and markets, whilst a variety of formats (breakouts, workshops, debates, formal launches, speed-networking) will provide excellent opportunities for engagement and knowledge sharing.
With the event once again enjoying unrivalled support from local government organisations and public bodies including the Monetary Authority of Singapore (MAS) and Enterprise Singapore, as well as the world’s leading financial institutions, attendees will receive critical market insight, build business relationships and gain the inside track on the latest financing trends and techniques.
Use code: EBD10 for 10% early booking discount – expires August 2. Click here for more information.
GTR Europe 2019, 14 October 2019, Paris.
GTR Europe 2019 returns to Paris to welcome regional trade experts from across the continent. A key market gathering for European trade and export finance business heads and key relationship builders, the event will further expand on GTR’s unrivalled reach across the regional and global trade finance market.
Expected to welcome over 250 delegates from 15 countries, the conference will deliver a well-rounded outlook on Europe’s economic growth, trade concerns and priorities for the future, allowing representatives to share their insights on the most current topics.
This one-day event features sessions addressed by and for corporates and is one not to be missed by those looking to build trade relations across a range of exciting markets! 
Last year, the two largest sectors in attendance were corporates & traders (39%) and bankers & financiers (22%). Over 250 different companies from around the world were in attendance, 78% of all attendees held a senior to a c-level position. Use code: EBD10 for 10% early booking discount – expires September 20. Click here for more information.
Supply Chain Finance Summit, 15-16 October 2019, Singapore.
BCR’s Supply Chain Finance Summit-APAC in Singapore focuses on the growth of supply chain finance across the APAC region.
With local governments, international and regional banks; and investors all actively encouraging the development of local and cross-border SCF programmes, it is now, more than ever before, vital to review the latest developments in this market and understand how to capitalise on opportunities in this region.
Join us in Singapore to hear from the industry's thought leaders, engage in debate, network with your peers and help define the future of working capital.
As event partners, Credit Insurance News can offer their members a 10% discount on a delegate pass rate. To register please follow this link https://bcrpub.com/events/supply-chain-finance-summit-apac-0.
 The Credit Insurance News delegate discount code is CIN19 – please utilise the code upon booking.
Alternative & Receivables Finance Forum, 14 November. London.
Alternative & Receivables Finance Forum tracks the transformation of receivables and invoice finance; showcasing the most successful new entrants to the market, examining the future of technology-enabled funding models, and driving the conversation on alternative finance for SMEs. This is a unique gathering, where you can network with established receivables finance providers and ‘alternative’ SME funders and find out how the competitive landscape for commercial finance is changing.
The comprehensive programme provides insights into the priorities influencing SMEs’ financial choices and showcases the latest technology-enabled distribution models.
As event partners, Credit Insurance News can offer their members a 10% discount on a delegate pass rate. To register please follow this link https://bcrpub.com/events/alternative-receivables-finance-forum-1. The Credit Insurance News delegate discount code is CIN19 – please utilise the code upon booking. Alternatively you can contact yongmei.he@bcrpub.com quoting your discount code for payment via invoice.
Supply Chain Finance Summit, 30-31 January 2020. Amsterdam
The fifth annual Supply Chain Finance Summit is a great opportunity to learn about the latest trends, ideas and developments transforming working capital and supply chain management, as well as a chance to network with leaders in the industry.
This in-depth event tracks the transformation of supply chain finance (SCF); showcasing the latest innovations within the industry for both domestic and cross-border financing, examining the future of technology-enabled supply chain models, and driving the conversation on increasing access of SCF for SMEs and emerging markets.
As event partners, Credit Insurance News can offer their members a 10% discount on a delegate pass rate. To register please follow this link https://bcrpub.com/events/supply-chain-finance-summit-1.
The Credit Insurance News delegate discount code is CIN20– please utilise the code upon booking. Alternatively you can contact yongmei.he@bcrpub.com quoting your discount code for payment via invoice.
About the Sponsor: Chubb
Chubb Global Markets (CGM) is the London Market wholesale and specialty arm of Chubb, the world’s largest publicly traded property and casualty insurer.
In addition to traditional political risk and trade credit products, CGM offers ‘Credit Complete’, a trade credit top up coverage that provides capacity excess of credit limits granted by primary insurers.
Initially developed for the German market, Credit Complete is now launching in the UK, Ireland and other selected countries. Designed to provide capacity across an existing portfolio of partially insured receivables to facilitate increased sales and optimise finance facilities, Credit Complete is entirely managed online via a dedicated user friendly portal and uses a simple, easy to understand wording that does not impact on the primary policy.
Credit Complete compliments Chubb’s core political risk and credit underwriting expertise and offers a solution for brokers and clients in times where capacity constraints are more prevalent than ever before. 
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