For those of us in trade finance and credit insurance, our world is built on a foundation of paper, manual checks, and trusted but often slow relationships. It’s a system that works, but it’s also one burdened by chronic inefficiencies, the constant threat of fraud, and settlement delays that tie up critical working capital. ForContinue reading “The End of ‘Wait and See’: Why It’s Time for Credit Insurers to Get Serious About Blockchain”
Category Archives: Allgemein
How AI Agents Are Revolutionizing Credit Insurance for Corporations
Credit insurance has long been a valuable tool for companies to protect themselves against payment defaults and manage risk. Yet, for many corporations, especially multinational ones, the complexity and administrative burden of managing a credit insurance policy remain significant barriers to adoption. AI agents are now poised to change this dynamic. By automating the mostContinue reading “How AI Agents Are Revolutionizing Credit Insurance for Corporations”
Credit Insurance: The U.S. Election and Its Impact on Geopolitical, Economic, and Corporate Credit Risks (for European Companies)
The recent U.S. election has brought Donald Trump back into the political spotlight. While his likely victory remains narrow (https://www.nytimes.com/live/2024/11/06/us/trump-election-harris-news), the prospect of a second Trump administration signals significant geopolitical and economic shifts. For European companies and multinational corporations (MNCs), reassessing risks—especially credit risks—will be paramount. How can businesses adapt and maintain a positive outlook?Continue reading “Credit Insurance: The U.S. Election and Its Impact on Geopolitical, Economic, and Corporate Credit Risks (for European Companies)”
Strategic Considerations for Extending MNC Credit Insurance Programs Early
Insights for CFOs, Treasurers, and Credit Managers For multinational CFOs, Treasurers, and Credit Managers, evaluating whether to extend a credit insurance program early (my definition: 6 months or more prior renewal date, without market tender) involves weighing multiple strategic factors. Brokers and insurers frequently advocate for early multi-year extensions, but assessing the full context—from marketContinue reading “Strategic Considerations for Extending MNC Credit Insurance Programs Early”
The next generation of multinational credit insurance programs and the importance of the right broker choice
In an increasingly globalized economy, the traditional model of centrally negotiated but locally implemented international credit insurance programs presents significant inefficiencies for multinational corporations (MNCs). Leveraging sophisticated technologies, MNCs can transition to a streamlined approach where central negotiations are complemented by consolidated regional policies. This strategy not only reduces operational and manpower costs but alsoContinue reading “The next generation of multinational credit insurance programs and the importance of the right broker choice”
The future of trade credit insurance and trade finance on the blockchain!
Larry Fink, renowned as one of the world’s most influential CEOs, has stated that the tokenization of financial assets can represent the future. To understand the significance of this for those in credit insurance and trade finance, let’s break it down, especially focusing on trade account receivables. Tokenization of account receivables could revolutionize trade finance,Continue reading “The future of trade credit insurance and trade finance on the blockchain!”
The 3 main challenges the credit insurance industry might face in 2022
Happy new year to all members of the “world of credit insurance” community. The last blog update is already several months old and between the years I had some time to recap 2021 and think about the potential upcoming challenges. Here are my personal thoughts about the key hurdles our industry might face in 2022.Continue reading “The 3 main challenges the credit insurance industry might face in 2022”
enomcy meets worldofcreditinsurance – “The expanded role of trade credit insurers”
Burkhard Wittgen is a credit insurance specialist and member of the executive board at Aon Credit Solutions. In this interview with enomyc, he talks about the dissolution of the protective shield on June 30, 2021, and the consequences for companies. What should companies do now? Which consulting services are currently more in demand than ever?Continue reading “enomcy meets worldofcreditinsurance – “The expanded role of trade credit insurers””
Round Table with Frank Liebold and Jan Schaber from Atradius, to discuss the end of the governmental re-insurance schemes, changes in the credit insurance & broker industry and digitalization.
When and why did you start in the credit insurance industry and which stations have you been through to this day? FL: I ended up in the credit insurance industry by chance in 1988. Actually, my goal was to bridge just 2-3 years before studying. Then things turned out very differently because I found theContinue reading “Round Table with Frank Liebold and Jan Schaber from Atradius, to discuss the end of the governmental re-insurance schemes, changes in the credit insurance & broker industry and digitalization.”
How will digitalization and artificial intelligence (AI) transform credit insurance? A look into the future with industry expert Gero Reiniger
When did you start in the credit insurance industry and what stations have you been through to this day? Gero: After studying business administration, I completed a 12-month trainee program at Euler Hermes (EH) in 2008 and then worked as a general agent in Stuttgart until 2012. From 2012 to 2014 I was assistant toContinue reading “How will digitalization and artificial intelligence (AI) transform credit insurance? A look into the future with industry expert Gero Reiniger”
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