Credit insurance
Euler Hermes insures its clients against losses arising, on one hand from insolvencies of buyers in their domestic or export markets, and on the other hand from political risks.
- Prevention of non-payment risk
Euler Hermes offers companies expertise in managing buyer risks. Local teams based throughout the world evaluate the financial position of buyers worldwide on a daily basis. Through its risk prevention services, Euler Hermes helps companies base their business development on solvent customers.
- Trade debt collection
Euler Hermes is the world leader in debt collection, with its own specialist teams throughout the world supported by a network of local correspondents.
- Compensation for losses due to buyer insolvency
Losses on unpaid trade receivables covered by Group policies are indemnified at a rate agreed between insurer and client. The financial strength of Euler Hermes is a guarantee in protecting the assets of its insured clients.
Financing of trade receivables
To facilitate Euler Hermes clients' applications for bank credits, an additional service has been developed in the group's online tool Eolis via which clients can communicate the percentage of business covered by credit insurance to their bank.
The goup also manages financial arrangements in partnership with its clients' banks via securitisation operations.
Trade debt collection services
Euler Hermes offers commercial trade debt collection services for companies without a credit insurance policy.
Bonding
Euler Hermes offers companies a wide range of guarantees and bonding for national contracts or export. These services are mainly designed for building and engineering firms and industrial equipment suppliers.
Evaluating trade receivable portfolios
Drawing on the company risk database and its own rating program, the 'grade', Euler Hermes aims to offer tailor-made rating solutions for diversified receivables portfolios. The Group is preparing to offer banks tools to evaluate trade receivable portfolios.
Fidelity insurance
Fidelity insurance covers companies against financial loss caused by fraudulent acts of employees or contractors such as theft, embezzlement or fraud. This service is available only in Germany.
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