Euler Hermes > Euler Hermes in GCC > Banks, Brokers and other Partners

Banks, Brokers and other Partners

Euler Hermes trade credit insurance protects your borrowers' accounts receivables against unexpected bad debt losses due to insolvency or slow payment.


  • Banks
  • Brokers
  • Other Partners

This multi-purpose tool is customized to your clients' needs and can cover the entire receivables base or logical segment. When your borrowers' receivables are protected by trade credit insurance, you can lend more against their accounts receivable portfolio, without increasing the bank's credit risk.

 

WITH TRADE CREDIT INSURANCE, YOUR CLIENTS CAN:

  • Avoid catastrophic bad debt losses

  • Expand sales to new and existing customers with less risk

  • Reduce bad debt reserves

  • Enhance balance sheet strength to improve lender relationship

  • Improve credit department efficiencies and results 


BY PARTNERING WITH EULER HERMES, BANKS CAN:

  • Increase eligible borrowing base by including international receivables, aged receivables or concentrations

  • Become the beneficiary on clients' policies in case of bad debt losses on receivables

  • Strengthen clients' financial position by insuring cash flow and balance sheet stability

  • Establish a deeper relationship with your clients through consultative positioning

  • Justify better advance rates and less restrictive covenants with credit underwriters 


WHO ARE THE BEST CANDIDATES FOR TRADE CREDIT INSURANCE?


Any companies with B2B credit sales such as manufacturers, wholesalers, distributors and service providers that are growing, exporting, in need of working capital or have concentration risks may be good prospects for trade credit insurance. Top industries include:

  • Petrochemicals

  • Metals

  • Commodities

  • Pharmaceuticals

  • Machinery & Equipment

  • IT/ Electronics/Technology

  • Transportation

  • Building Materials

  • Paper & Packaging

  • Automotive Suppliers

  • Food

Please contact us to discuss the possibility of partnering with the world leader in trade credit insurance.


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​​EULER HERMES GCC WORKS EXTENSIVELY WITH INSURANCE INTERMEDIARIES AND WELCOMES ENQUIERIES ABOUT OUR SERVICES. 


As existing or potential partner, we very much value our relationship with you. Our range of credit management services will help support your clients’ day to day credit control and help them grow their business successfully.


HOW WILL YOUR CUSTOMERS BENEFIT FROM A CREDIT INSURANCE POLICY?

  • Full access to our sophisticated credit intelligence techniques.

  • An early warning system to help them avoid or minimize impact of bad debt.

  • A reduction in bad debt provision, releasing capital for more productive purposes.

  • Greater access to finance, making them less of a risk to banks and other lenders.

  • Improve sales targeting by knowing how creditworthy prospective clients are.

  • Expand to new markets.


HOW CAN WE WORK TOGETHER?

  • Local Cooperation with our Business Development Team

  • Presentations to both your clients and team.

  • Full marketing aid and help coordinate campaigns.

  • Credit Insurance Training.

  • Workshops to your clients and your team.

  • Joint client visits.

We run training courses and workshops for intermediaries and your team, which help you understand the full range of our products and services to provide to your clients.

If you are interested in learning more about Credit Insurance to provide with your clients with a secure tool to protect their receivables, please contact us.​
​Euler Hermes values the trusted relationship that you have with your clients and members. We look for opportunities to partner with you to develop a mutually beneficial relationship, as well as to provide the benefits of credit insurance with your clients/members.


Whether you represent a trade association, buying co-op, accounting firm or any other organization with members or clients in the B2B marketplace, we welcome the chance to collaborate. Ideally, these partnerships offer Euler Hermes the chance to explain our unique value proposition. 

 

WE OFFER YOU AND YOUR CLIENTS/MEMBERS THESE BENEFITS:

  • Opportunity for sponsorship, membership or other cooperation

  • Participation in your events or coordination of joint events

  • Co-branded information about credit insurance

  • Insightful Economic Outlooks created by our global team of economists

  • GCC Industry Outlooks created by our local industry-specific underwriters and analysts

  • Subject matter experts who are available to speak and provide written content on economic, financial, export and general business topics


Please contact us to discuss the possibility of partnering with the world leader in trade credit insurance.