TRADE CREDIT INSURANCE CASE STUDIES & TESTIMONIALS
"The Euler Hermes team made us feel so comfortable about the situation and confident that it would get resolved. When you are facing an enormous financial loss, having someone knowledgeable, supportive, and responsive in your corner can make all the difference. We are very, very happy with the service we received."
– Alp Benadrete, Managing Partner in Charge of the Home Textile Division for EDPA
As Ronald A. Chisholm Limited conducted its regular business of shipping meat around the world, a completely unprecedented, international situation occurred — with the potential to have major financial ramifications. With a political risk credit insurance policy from Euler Hermes, they were able to protect against the unexpected and had relief when large invoices went unpaid.
Caught up in an extended decline in the lumber industry sparked by the Great Recession, Specialty Forest Products suffered a significant customer loss and bad debt increase. Trade credit insurance helped jump-start its recovery.
When costs in the volatile scrap metal industry began to soar above historic norms,
Utah Metal Works realized its strategy of using a bad debt reserve to self-insure
was becoming increasingly inefficient and still left the company vulnerable to
catastrophic losses. Credit insurance provided the company with the protection it
needed, along with other benefits.
Genetec has enjoyed strong demand for its products and services domestically. If they wish to expand into foreign markets, they must learn to manage the company’s continued growth in a smart and sustainable way. Read how Genetec used credit insurance to expand globally.
Faced with the often unpredictable business challenges presented by globalization, changing consumer behavior, and key demographic shifts, Del Campo Premium, Inc. added credit insurance to its risk management strategy to proactively mitigate risk as it grows its top line.