Posts Tagged ‘Trade Credit Insurance’

The temporary Trade Credit Reinsurance (TCR), created by the government and the Association of British Insurers (ABI), allowed over half a million businesses to stay afloat, provided certainty to firms across the UK and safeguarded jobs, is now set to come an end on the 30th of June.

Trade credit insurance remains critical in the economic recovery from the COVID-19 pandemic. Here’s why.

The first half of 2021 should be similar to the year 2020, marked by the strongest global recession since the end of the Second World War.

How can EXIP policies help bridge the trade financing gap? TFG heard from UKEF about the need to rethink operations and accelerating the need for more buyer protection

How will the crisis affect the technical underwriting methodology of credit insurers and the crisis as accelerator of digitization?

TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, on the critical role of Receivables finance industry in the recovery of global trade growth during this challenging period.

TFG heard from Robert Meters on the significant role of trade credit insurance in the current economic crisis the global trade is facing.

TFG heard from Chairman of Lloyd’s of London, Bruce Carnegie-Brown, on the critical Covid-19 related challenges faced by the 300-year-old institution, as well as what could be in stock for the longer-term future of the Lloyd’s market.

Having appeared to stabilise in July and August the number of new cases of COVID-19 globally has edged up to new highs in the last fortnight. Europe is seeing a second wave, particularly in Spain and France, but the case rate in the US has fallen.

TFG announced a media partnership with the SCHUMANN Conference 2020, a digital Credit Risk Management event, which will be held online on 1st October 2020.

TFG heard from Andreas Tesch of Atradius on the status of credit insurance market in Asia and the key initiatives taken in response to Covid-19’s impact on Asian trade.

TFG heard from ICISA’s Secretary General, Robert Nijhout, on ICISA’s immediate calls to government to meet the demainds triggered by Covid19 pandemic.

Wirecard is suspected of misleading investors through aggressive accounting practices including inflating sales and revenue in order to appear to be performing better than it is actually doing.

SMEs need to explore innovative financing options like trade credit insurance as they plan and prepare for the “new normal”.

The number of recorded daily new COVID-19 cases worldwide hit a new record last week with Latin America and the Caribbean now accounting for the largest number of cases by major region.