Welcome to the June 2022 issue of Credit Insurance News Digest. This issue is sponsored by SCHUMANN.

PLUS: The value of certainty  By Mike Holley, Strategic Advisor at SCHUMANN
Credit Insurance News
16% of global trade is protected by trade credit insurance. New data from the International Credit Insurance and Surety Association (ICISA) has found that ICISA members paid out €1.6 billion in trade credit insurance claims in 2021 — a decrease compared to 2020's figures. However, due to the ongoing challenges stemming from supply chain disruptions, higher inflation, and other issues relating to rising geopolitical tensions, ICISA members anticipate a rise in trade credit insurance claims in coming months. Research from the ICISA also indicates that 16% of global trade is now protected by trade credit insurance, with the majority of that protection provided by private trade credit insurers. To read ICISA's news release go to https://icisa.org/wp-content/uploads/2022/06/ICISA-Press-Release-ICISA-members-stepped-up-support-in-2021-to-economies-emerging-from-Covid-19-with-fresh-challenges-on-the-horizon.pdf.
Trade credit insurers' risk appetite "plummeted" in Q1 2022 but appears to be stabilising in Q2. Berne Union's latest Business Confidence Index for Q2 2022 has noted that trade credit insurance underwriters are tightening their risk appetite in response to emerging claims, inflationary pressures, geopolitical tensions and an upward trend in corporate bankruptcies. As a result, although Berne Union members reported a substantial rise in demand for trade credit insurance in Q1 2022, they also suggested that their risk appetite had retrenched in line with the deterioration of the risk environment, particularly as a consequence of the war in Ukraine. For Q2, although private insurers anticipate a continuing rise in claims — with the war, rising prices and the phase-out of COVID support schemes being the key drivers — they expect a less pronounced fall in risk appetite than in Q1. To read Berne Union's news release with a link to the full report go to https://www.berneunion.org/Articles/Details/674/Business-Confidence-Index-Q2-22-Published.
Nearly 30% of Australian companies polled by Atradius use trade credit insurance. Atradius' latest Payment Practices Barometer for Australia has identified that unpaid trade debt in the Australian market remains high, with 42% of B2B invoices overdue and 6% written off. Many companies, mainly SMEs, have also reported signs of deteriorating cash flow from a marked lengthening of Days Sales Outstanding, with 20% of companies admitting to delaying payment intentionally as a form of short-term finance. Atradius also found that the most common trade finance solutions used by Australian companies are letters of credit (cited by 29% of businesses polled) and credit insurance (used by 28%). 49% of the companies surveyed undertake regular credit checks of customers. To read Atradius' news release (with a link to the full report) go to https://atradius.co.uk/reports/payment-practices-barometer-australia-2022-companies-anxious-amid-cascade-of-troublesl.html.
Educating Australian brokers about trade credit insurance. Insurance Business has reported that, according to Kirk Cheesman, Group Managing Director of National Credit Insurance, although trade credit insurance is a common product in Europe, this is not the case in Australia. He agreed when Insurance Business suggested that this hands-on product is well suited to brokers, "partly because it's not something that an algorithm can spit out" — there are a lot of processes. " He added that many of the insurers of this product are specialist insurers, "so you also have to know who they are", and, as there are no standard wordings for policies, "you really need to know five or six different insurers' wordings . . ." To read Insurance Business' article go to https://www.insurancebusinessmag.com/au/news/breaking-news/as-insolvencies-rise-are-broker-driven-tcis-the-antidote-408424.aspx.
Consider trade credit insurance before insolvencies and claims impact premium costs. Insurance Business has published an article in which Zara Mends, National Credit Insurance (NCI) New Zealand's Managing Director, warns that insolvencies are increasing in New Zealand and NCI expects to see trade credit insurance claim payments rising in line with this. As a result, NCI suggests that businesses consider trade credit insurance before insolvencies and claims reach a level where it starts to impact the premium cost for this type of cover. Indeed, Zara Mends notes that NCI is already finding that it has to find solutions through top-up arrangements — sometimes with more than one provider. In addition, "We are recommending clients consider long-term solutions like multi-year policies to hedge against unfavourable changes to market conditions." To read Insurance Business' article go to https://www.insurancebusinessmag.com/nz/news/breaking-news/nci-braces-for-challenging-and-interesting-future-407999.aspx.
SCOR backs Amynta Trade Credit Solutions. Reinsurance News has reported that Amynta Group has partnered with SCOR on the launch of Amynta Trade Credit Solutions, a new platform designed to provide a responsive and focused approach to trade credit insurance in the US. Anthony Slimowicz, Chief Operating Officer Amynta MGCA, commented: "This is an ideal time to launch a trade credit business, with significant opportunities for profitable growth. Amynta Trade Credit brings together industry-recognized talent and high-quality capacity to provide trade credit solutions tailored to the needs of the customer." Benjamin Auray, Chief Underwriting Officer, Global Head of MGA, added: "SCOR is a top tier global reinsurer in the trade credit insurance space. . . Our strategic partnership with Amynta demonstrates our continued commitment to trade credit insurance and to supporting best-in-class business partners." To read Reinsurance News' article go to https://www.reinsurancene.ws/scor-backs-amynta-trade-credit-solutions/.
Despite a bounce back, the trade credit insurance industry sketches an uncertain outlook. GTR (Global Trade Review) has reported that a data snapshot released by the Berne Union shows that short-term trade credit insurance has notched up continuous growth — rising by 14% compared to the second half of 2019 and  by 12% compared to the second half of 2020. However, despite the growth in new business and the relatively buoyant outlook described by the Berne Union issued in October last year, Russia's recent invasion of Ukraine has cast a shadow over its forecasts. "Just as we were emerging from one of the most economically challenging periods in modern history a fresh crisis has re-amplified risk and uncertainty, threatening the fragile recovery we have been nurturing over the past 12 months," commented Berne Union president Michal Ron, referring to the war in Ukraine. To read GTR's article go to https://www.gtreview.com/news/global/despite-bounce-back-trade-credit-insurance-industry-sketches-uncertain-outlook/.
Digitising trade credit insurance. TXF has published an article in which Ben Heaney, CEO of credit insurance e-trading platform Dialogue, shines a spotlight on the progress of digitally transforming the insurance side of the trade credit insurance and political risk market — "which has traditionally been seen as old fashioned and paper-based." He notes that various insurance brokers and underwriters have worked over the years on in-house projects "but have failed to get deep market support", primarily because the perceived lack of independence has prevented a platform from gaining real traction across the market. However, "now we are at a turning point . . . the topic of digitalisation has never been more in focus." To read TXF's article go to https://www.txfnews.com/News/Article/7394/Digitising-trade-credit-insurance.
Trade credit insurance in New Zealand has "never been more necessary". Insurance Business has reported that Coface New Zealand's Commercial Director, David Meys, believes that the current economic situation in New Zealand makes a strong case for taking out trade credit insurance. David Meys commented: "As history teaches, people typically delay taking actions to protect themselves from predictable risks, but many that traded through 2007-2009 GFC (global financial crisis) will remember trade credit insurance ensured their survival. . . Directors need to look through the fog of their current increased workload to consider the impact of non-payment in the fallout of the storm still to come." He went on to tell Insurance Business that trade credit insurance is "not a novelty" (it has long been available in New Zealand), and may "never have been more necessary than it is now". To read Insurance Business' article go to https://www.insurancebusinessmag.com/nz/news/breaking-news/trade-credit-insurance-is-not-a-novelty-405665.aspx.
One in three countries will return to their pre-pandemic levels of insolvencies in 2022. Allianz Trade has published a new report that warns that the war in Ukraine and lockdowns in China have significantly deteriorated the balance of risks for companies. While cash buffers will prevent insolvencies from surging quickly in the short term, Allianz Trade expects global insolvencies to rebound by +10% in 2022 and +14% in 2023, with one in three countries set to return to their pre-pandemic levels of insolvencies in 2022 and one in two countries in Western Europe in 2023. In the UK and Spain, the number of insolvencies will overtake 2019 levels by the end of this year, while Italy, Portugal and the Nordics will return to their pre-pandemic levels in 2023. In comparison, in France and Germany, while insolvencies will rise in 2022 and 2023 (+15% and +33%, +4% and +10%, respectively), the number of cases will remain artificially low due to strong state support measures." To read Allianz Trade's report go to https://www.allianz-trade.com/en_global/news-insights/news/insolvency-report-2022.html.
Coface launches a new app, CofaMove. Coface has announced that it has launched a new app, CofaMove, "for swift credit risk management when you're on the go." The app allows policyholders to identify buyers, request credit limits and order information services and reports. Policyholders can also follow overdue account cases submitted through CofaNet, and use the "Indemnity Follow-up" tool to get information such as the Net Debt, the Estimated Claim Payment Amount and the Estimated Payment Date. CofaMove is available in more than 15 languages and can be downloaded from AppStore and Google Play. It can be accessed by CofaNet users for no extra cost. To read Coface's news release go to https://www.coface.com/News-Publications/News/CofaMove-Coface-s-app-for-on-the-go-credit-risk-management.
Atradius forecasts relatively robust global growth over the next two years, but expects growth in the eurozone to cool. In its latest Economic Outlook, Atradius highlights that global recovery from the impact of the pandemic has been thwarted by the Russia-Ukraine conflict. However, although its predictions for global growth have been revised downwards by 0.7% in 2022 and 0.4% in 2023, Atradius nonetheless forecasts relatively robust global growth overall (albeit subject to a high level of uncertainty) over the next two years at 3.4% in 2022 and 3.2% in 2023. Atradius notes there were already some price pressures before conflict broke out in Ukraine, but the war has exacerbated the trend and inflation is building up rapidly. Growth in the eurozone is expected to cool significantly in 2022. Click here to read Atradius' news release.
The impact of the war in Ukraine on Credit Insurance? Emmanuel Pezé, Tinubu's Vice-President of Insurance Sales Middle East & Africa, has published an article which examines the impact that the war in Ukraine will have on the credit insurance industry. He notes that trade credit insurers, concerned that they faced rising claims from existing business, made swift changes, and most have withdrawn support for new business in Russia and Ukraine. In addition, many are also looking further afield at how other countries might be affected in future and are reassessing risk accordingly. As a result, he suggests that, although "with private insurers viewing risks as too high, companies must rely more on their ECA," this is not the first time we have seen the importance of ECAs during conflict. In fact, "the first ECA, UK Export Finance, was established to help companies to trade and grow in post-WWI Britain." To read Tinubu's article go to https://www.tinubu.com/blog/what-is-the-impact-of-the-war-in-ukraine-on-credit-insurance.
Brexit and Ukraine dent UK exporters' optimism. According to Allianz Trade, a cocktail of uncertainty caused by 'long Brexit', the Ukraine invasion, and disrupted supply chains has left UK exporters the least optimistic in Europe. 60% of UK exporters expect geopolitical concerns to become more challenging in 2022 — higher than the share in France (40%), Germany (44%) and Italy (58%). The research also showed that 11% UK exporters were already worried about export turnover declining before the invasion started, but this has now risen to one in five (19%) UK exporters. Nearly half of UK exporters (47%) now expect longer payment terms, compared to just one in four (22%) pre-invasion. Conversely, the number of exporters expecting payment terms to remain stable this year has plummeted to 48% of respondents compared to 72% pre-invasion. Click here to read Allianz Trade's news release.
European exporters brace for a non-payment hit. GTR (Global Trade Review) has reported that, according to research from Allianz Trade, more than half of respondents in Europe now expect non-payment risks to grow, and over 40% anticipate payment terms will lengthen in the next six to 12 months — an uptick from roughly a third who harboured such concerns before the invasion of Ukraine. In addition, Allianz Trade has cut its forecast for worldwide GDP growth to 3.3% following Russia's invasion of Ukraine, a downward revision of 0.8% and a steep drop from the 5.9% increase seen last year. However, the article adds that a further escalation of the war, resulting in even harsher sanctions and counter-sanctions, could see inflation soar to 7% this year and growth plummet to 2.5%, with the global economy at risk of entering a recession (-0.3%) in 2023. To read GTR's article go to https://www.gtreview.com/news/europe/european-exporters-brace-for-non-payment-hit/.
Longer payment delays and rising credit risks in China. Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments. The average payment delay rose from 79 days in 2020 to 86 days in 2021, and businesses in 9 out of 13 sectors reported an increase in payment delays. The survey also found that more companies in China are reporting ultra-long payment delays (ULPDs are payments overdue by more than six months), and "most worrying", the share of respondents experiencing ultra-long payment delays exceeding 2% of annual turnover expanded from 47% in 2020 to 64% in 2021. In Coface’s experience, 80% of ULPDs are never paid, and when they constitute a share of annual turnover above 2%, a company’s cash flow could be at risk. To read Coface's news release with a link to the full report go to https://www.coface.com/News-Publications/News/Coface-China-Corporate-Payment-Survey-Increasing-risks-in-supply-chain-disruptions-and-rising-raw-material-prices.
Smaller UK retailers are set to struggle as inflation continues to rise. Global Banking & Finance Review has reported that Atradius' latest Industry Trends report predicts that, although the UK consumer durables market recorded solid growth in 2021, "without Government support schemes, payments in the industry are likely to rise over the coming months, meaning failures could increase by up to 50% year on year." As a result, Atradius' experts warn that the sector's outlook is 'poor', meaning credit risk in the sector is relatively high and business performance is below its long-term trend. Of all 35 countries analysed, just two — Austria and Poland — were assessed as 'good'. Owen Bassett, Senior Underwriter for Atradius UK & Ireland, said: "Retail businesses that were only just surviving last year will struggle to weather the storm, and it looks like insolvencies are unfortunately on the horizon for many." To read Global Banking and Finance Review's news release go to https://www.globalbankingandfinance.com/smaller-retailers-set-to-struggle-as-inflation-continues-to-rise/.
Central and Eastern European company insolvencies are rising. Coface has published a new report that finds that, after a drop in proceedings in 2020, corporate insolvencies in Central and Eastern Europe (CEE) increased in 2021 — almost reaching pre-pandemic levels in most countries. In total, seven countries experienced a higher number of insolvencies than in the previous year (Bulgaria, Czech Republic, Hungary, Lithuania, Poland, Romania and Slovakia), and five countries recorded a decrease (Croatia, Estonia, Latvia, Serbia and Slovenia). Poland experienced an almost doubling in the number of proceedings, in large part due to a surge of dedicated procedures implemented to support companies suffering from liquidity difficulties due to the COVID-19 pandemic. To read Coface's news release go to https://www.coface.com/News-Publications/News/CEE-company-insolvencies-on-the-rise.
Small UK businesses hope for a short-term boom during the Queen's Platinum Jubilee weekend. Atradius has published an article in which Tanya Giles, Regional Manager and Head of SME at Atradius UK & Ireland, suggests that the Queen's Platinum Jubilee and associated celebrations will offer "a welcome relief" for many UK businesses. According to data from Barclaycard Payments, during last month's Easter bank holiday weekend, consumer spending in UK bars and nightclubs was up by 74% compared to 2019 figures. However, although the Jubilee may offer short-term relief, Tanya Giles stresses that UK businesses need to plan further ahead. Along with rising inflation, increased operating costs, tight profit margins and the end of government pandemic support, insolvencies are forecast to increase across the board throughout 2022 and 2023. "It comes as no surprise that we're seeing hundreds of businesses encounter cash flow problems." Click here to read Atradius' news release.
‍UK food service sector's growth in 2022 is likely to be strong in historical terms. Laura Devoir, Tokio Marine HCC's Senior Risk Underwriter — Credit, has published an overview of the food service sector which notes that, although the sector saw activity devastated in 2020, with some UK companies seeing virtually all their turnover disappear, a bounce-back in 2021 led to many companies in Q1 2022 reporting that their activity had returned to within a couple of points of 2019 levels. Laura notes that the food service market in the UK remains "one of the most innovative and dynamic in the region" and is more resilient than many others to any squeeze in discretionary spending. As a result, growth in 2022 is likely to be strong in historical terms — albeit not to the levels predicted six months ago. To read Tokio Marine HCC's article go to https://www.tmhcc.com/en/news-and-events/trade-credit-innovation-and-adaptation-the-key-to-success-for-the-food-service-sector. ‍
Coface and AL Rahji enter a strategic partnership in trade credit insurance. Coface has announced that it has entered into a strategic partnership with Al Rajhi Takaful, one of the largest financial institutions and insurance company in Saudi Arabia, "We are extremely proud of this new partnership with Al Rajhi Takaful, said Hassen Bennour, CEO for Middle East & Southern Africa at Coface. "Strengthening our presence in the Saudi market with a local market leader is a significant milestone in the expansion of Coface in the region. To read Coface's news release go to https://www.coface.com/News-Publications/News/Coface-and-Al-Rajhi-Takaful-enter-a-strategic-partnership-in-credit-insurance.
Q&A with Xenia's Account Manager, Brian Thomas. Xenia Broking Group has published a Q&A in which Xenia's Account Manager, Brian Thomas, describes his role at Xenia, his typical day, what he enjoys most about his job, the advice he would give to his younger self, and one of the most memorable situations he has been in during his career. He advises that his top credit insurance tip is always to report a past due debt within the policy deadline. "This seems like an obvious thing to say, but sometimes a client will choose to delay reporting because their customer has promised the payment is on its way. When that delay cuts across the fixed reporting date, however, it becomes difficult to justify any non-compliance in the cold light of day if ultimately the payment doesn't come then through." To read the Q&A go to https://xeniabroking.com/news-and-insights/coffee-cup-corner-a-quick-q-a-with-brian-thomas-another-xenia-account-manager-1.
The medium-long term impact of the war in Ukraine on global trade sectors. New research from Coface notes that, although there are disparities according to companies’ position in the supply chain or geographic location, all 131 sectors it analysed will continue to be impacted by the knock-on effects of the war in Ukraine, directly or indirectly, in the medium to long term. All industrial sectors are concerned but the most cyclical & energy intensive, such as, petrochemicals, transport, paper, and textile-clothing will be amongst the most affected.  To read Coface's news release with a link to the full report go to https://www.coface.com/News-Publications/News/Medium-long-term-knock-on-effects-of-the-war-in-Europe-on-global-sectors-trends-will-there-be-resilient-sectors.
Congratulations . . .
SCHUMANN International launches London office.
Reinsurance News has reported that after more than twenty-five years of trading from its German headquarters, SCHUMANN has launched a dedicated and permanent London office led by an experienced leadership team of market veterans. Dr Martina Stӓdtler-Schumann (pictured below), Managing Director, SCHUMANN and director, SCHUMANN International Limited, commented: "Establishing a permanent London presence is quite simply the next logical step for us, as a family-owned and independent company with 25 years of history. London is a global hub for the insurance, credit risk and surety industries, and this move will allow us to cultivate our close relationships with existing clients in the UK also geographically as well as with potential customers all over the world." To read Reinsurance News' article go to https://www.reinsurancene.ws/schumann-international-launches-london-office-announces-senior-appointments/.
New Appointments
Markel International has appointed James Guardino as trade credit and political risk underwriter, based in Singapore. James previously worked as a Credit and Political Risk Insurance Broker at The Texel Group.
Marsh has announced the appointment of Rob Perry as Global Political Risk & Structured Credit Leader, Marsh Specialty. Rob is currently Asia Credit Specialties Leader, a position he has held since 2019. He will be based in London.
AIG has appointed Jay LeClaire as Head of Trade Credit, Northeast and Southeast Zones, based in New York. Jay joins AIG from Allianz Trade, where he most recently had the role of Region Director, Americas Region.
Nexus Underwriting has appointed Stefan Westendorp as Senior Sales Manager, based in Netherlands. Stefan previously worked as a Sales Manager for Atradius.
Amynta Trade Credit Solutions has announced Harpreet Mann as President of Amynta Trade Credit. Harpreet most recently served as Head of Credit and Surety, North America at QBE Insurance. She will be joined by Matthew Herzog, Executive Vice President, who most recently served as Vice President and Underwriting Manager for QBE Trade Credit in North America. Donna Messick also joins the team as Senior Vice President from her most recent role leading QBE’s Trade Credit North America Claims team.
Allianz Trade North America has promoted Stephen Georgetti to Director of Risk Underwriting. Stephen was formerly Director of Information and Credit Risk Assessment. He is based in Owings Mills, Maryland.
Thomas Carroll has announced that Linda Evans has joined its Trade Credit & Surety team as an Account Manager. Before joining Thomas Carroll, Linda had worked for Atradius for twenty years in various roles, most recently as a Business Development Manager.
QBE has appointed Leroy Hobson as Surety Manager. Leroy joins QBE from Zurich Insurance, where he worked as Head of Surety for just over ten years.
Bridge Insurance Brokers has appointed Nicola Salmon and Richard Miller as Trade Credit & Surety Client Directors, based in London. Both Nikki and Richard join from Arden Insurance Broker where Nikki was Client Director and Richard was Head of Trade Credit, Political Risk & Surety. In addition, Andrew Berry has been appointed as a Credit Insurance Specialist, based in the Manchester office. Andrew joins Bridge from Euler Hermes (now Allianz Trade).
Aon has announced several global appointments. 
  • Pieter van Ede is appointed Deputy Global Head for Aon's Credit Solutions practice. Pieter joined Aon in 2015 from Marsh, where he was Global Clients Group Leader for their Trade Credit business. Pieter will continue to be based in Denver and report to Stuart Lawson. 
  • Gary Lorimer is expanding his current EMEA business development role to fulfill the role of Global Growth Leader. Gary joined Aon from Allianz Trade in 2020, where he was Regional Sales and Marketing Director for the multinational business. Gary will continue to be based in London and report to Stuart Lawson. 
  • Nic Carreño is expanding his current EMEA role to become the Global Chief Operating Officer. Nic will continue to be based in London and report to Stuart Lawson. 
  • Kentaro Toki is appointed Japan Global Solutions Leader for the Credit Solutions Specialty worldwide, effective immediately. Toki-san will report to Helen Clark (Head of Trade Credit & Surety Asia – Credit Solutions), as well as Pieter van Ede.
Events & Professional Development
TXF Global 2022: Export, Agency & Project Finance
HYBRID EVENT: LISBON & ONLINE, 7-8 June 2022. Lisbon, Portugal.
TXF Global Export is back for 2022 and this time, *drumroll*... we’re taking the global export roadshow to Lisbon!
Join us on the 7th & 8th June 2022 for another unmissable hybrid event. Deal makers from across the globe are already lining up to save their spot. Topics up for debate include:
  • Financing the goals of COP 26
  • Mega borrowers of the future
  • Mega borrowers of the future
  • Guardians of Export Credit - The Government perspective
  • The Green ECA CEO panel
Two types of participation are available for TXF hybrid events:
Two types of participation are available for TXF hybrid events:
1. Physical Event Ticket
  • Get your feet on the ground to come together with key clients, colleagues and industry experts. Your ticket will also include:
  • Additional networking features such as the poolside cocktail reception Access to the virtual event platform – reach out to virtual-only attendees and watch all sessions on-demand if you miss them 
  • Networking concierge service – allow us to do the leg work and introduce you to new potential clients 
2. Virtual Ticket/ On-Demand (Available TXF events 365 Members Only)
From the comfort of your desk watch all sessions live or on-demand as well as use our ‘Search the Guest List’ feature to reach out to other virtual attendees and those joining the physical event in-person. 
To find out more about joining virtually as part of a TXF Membership, please email membership@txfmedia.com. email membership@txfmedia.com.
GTR West Africa 2022, 9-10 June. Lagos, Nigeria.
On June 9-10, market-leading experts from a range of key economic sectors will reflect on the latest developments impacting trade at GTR West Africa 2022 in Lagos, Nigeria.
Focused discussion themes will explore innovative solutions promoting development throughout the trade value chain in areas such as infrastructure development, investment opportunities, commodity trade finance, manufacturing, agribusiness and trade digitisation.
For corporates and trade financiers looking to make their next move, GTR West Africa provides the ideal platform to hear cutting-edge perspectives from a wide range of trade and export finance experts while offering the opportunity to network with the industry’s top players.
We look forward to returning!
For more information and to register go to https://www.gtreview.com/events/africa/gtr-west-africa-2022-lagos/#tab_overview
Credit Insurance News readers can claim a 15% discount using the code CIN15.
Tokio Marine Risk Seminar Series. 16 June, London.
The Tokio Marine HCC (TMHCC) Trade Credit team are hosting the last event in the 2022 Risk Seminar Series.
The seminar aims to inform and educate brokers about the key Trade Credit risks emerging across various trade sectors, including Construction, Engineering & Metals, Retail and more.
The last event of the series will be in London on Thursday 16 June focusing on Food & Drink, Retail, and Media & Advertising trade sectors. If you would like to attend please contact Marion Clifford (mclifford@tmhcc.com).
GTR East Africa. 21-22 June, Nairobi.
For over a decade, GTR East Africa has brought together leading commodity producers and traders, manufacturers, trade finance specialists, risk management experts, and trade tech innovators, providing unrivalled insight on this exciting region. 
Set to return to Nairobi as an in-person gathering on June 21-22, 2022, the conference will deliver a cutting edge agenda highlighting the key issues impacting the region’s trade, commodity and infrastructure financing markets, from hard currency liquidity challenges to a rapidly evolving geopolitical landscape and the opportunity to enhance the trade sector’s role in sustainable economic development. 
Supported by a host of industry leading companies including local banks, financers, investors, ECAs, insurers and more, this event is an unmissable date for anyone seeking expert insight on doing business across the region.
Credit Insurance News readers can claim a 15% discount using the code CIN15.
Professional Development
STECIS, the Trade Credit Insurance & Surety Academy endorsed by ICISA, offers a range of webinars and classroom training courses.
The webinars on Trade Credit Insurance and Surety are organised multiple times per year: the next webinar on Trade Credit Insurance is on Innovation and Digitalisation in Trade Credit Insurance and Surety: this webinar will take place on the 15th of June 2022.
The classroom training courses are scheduled to take place in September 2022 on the following dates:
  • 27 & 28 September 2022: Trade Credit Insurance Foundation Course 
  • 29 & 30 September 2022: Trade Credit Insurance Advanced Course 
  • 27 & 28 September 2022: Surety Foundation Course 
  • 29 & 30 September 2022: Surety Advanced Course 
All classroom courses will take place in the Steigenberger Airport hotel close to Schiphol Airport/Amsterdam the Netherlands. The courses include the lunches and a dinner at the end of the first training day.
The courses are hosted by seasoned expert from the industry and there is enough opportunity for posing questions, discussions and networking.
Also there is the possibility to arrange an inhouse training: then there will be created a tailor made outline for your staff on basis the training demand of your of your company. The training will be effected at your own offices or at a venue of choice.
Details information about the webinar and classroom training courses are available on the Stecis’ website: www.stecis.org also further information can be obtained by sending an e-mail to info@stecis.org.
About this month's sponsor: SCHUMANN
At SCHUMANN we optimise the management of risk for credit, surety, political risk insurers and export credit agencies. Our software solutions and risk models are setting the future technological standards for the industry. We are an open minded and learning organisation which invests heavily in research and development, often with our partners at the University of Goettingen. We aim to stay ahead of the competition with our cutting edge technology.
We value our independence, and are happy to work with any data provider or partner of your choice. We favour long term partnerships. We invest all of our resources into our customer relationships, and as a result have never lost a customer in our 25 year history.
CAM Credit and Surety enables our customers to automate risk assessment and underwriting processes, while our artificial intelligence handles complex workflows with ease, enabling customers to remain compliant with their regulatory environment.
A SCHUMANN software solution is both future proof and the most robust on the market — it will provide decades of service and will never let you down.
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