The Euler Hermes World Agency is a successful and sustainable provider of credit risk management solutions for business and financial institutions operating in the multinational arena. This dedicated team within the Euler Hermes Group are specifically tasked with servicing multinationals.
Through tailored World Programs, the philosophy of the World Agency is ‘central steering, local delivery. World Agency teams are located all over the world, ensuring superior service by operating in the same local context and culture as customers. The aim is to implement robust, effective programs that underpin and strengthen credit management infrastructures supporting risk management and risk transfer.
In addition to covering insolvency and delayed payment, the World Program provides cover for various causes of political risk, such as revolution, insurrection, civil unrest, terrorism or war, governmental expropriation or confiscation of assets, governmental frustration or repudiation of contracts, inconvertibility of foreign currency or the inability to repatriate funds. Prior to working with a customer, significant time is spent examining their particular needs and demands, sculpting a program that moulds exactly to their requirements.