Updates and Support on COVID-19

Get our latest news and insights on the Covid-19 crisis.

Due to the unprecedented and extraordinary impact of the COVID-19 emergency, state agencies and regulators have issued multiple orders/bulletins impacting insurance activities.  As required by the following states, please note the changes impacting property and casualty insurance carriers and policies. 

Please click here if you are a resident of Colorado, New Jersey, New York, or Oklahoma

Today, nearly 100% of Euler Hermes’ staff is working remotely but remain fully operational and are in the unique position to continue supporting those in need of trade credit insurance as we’re one of the only carriers Moody’s continues to rate as Stable.
 

“Euler Hermes ' Aa3 IFS rating reflects its very strong and leading position in the credit insurance market globally, historically strong economic capitalisation, underpinned by Euler Hermes ' dynamic management of insured exposure and effective underwriting risk monitoring tools, and strong underwriting profitability through the-cycle….”

We understand companies are facing unprecedented challenges due to the COVID-19 pandemic. Having the right trade risk data and a partner supporting your customer credit decisions has never been more important. That’s why Euler Hermes is continuing to offer trade credit insurance, surety, commercial debt collection and our other services to new clients while maintaining our commitment to help protect our current customers.

If you have any questions, please feel free to contact us.

North American Chief Economist, Dan North, provides his insights and commentary on the economic outlook and its various implications—including the unprecedented COVID-19 crisis. We encourage you to access our proprietary economic analysis to help you make informed business decisions.
Watch the presentation by Alexis Garatti, Head of Economic Research at Euler Hermes, who talks about the impact of Covid-19 on the global economy.
evolutiom-image
+0.5%
Global GDP growth forecast for 2020, the slowest pace since 2009
-4.5%
Forecast for decline in global trade of goods and services in volume in 2020
USD1064bn
Global export losses from one quarter of lockdowns around the world

65 million

Jobs requiring social assistance in the EU from Covid-19 related lockdowns

13,000

SMEs and midcaps at risk of bankruptcy in the Eurozone, with an average turnover of EUR40mn at risk

+14%

Forecast for rise in global insolvencies in 2020, (+7% increase in the US, a +15% rise in China and a +16% surge in Europe)

Please contact our COVID 19 Support team with any questions related to business impacts or your policy at 1-800-767-1627 or  Covid19support@eulerhermes.com
Click below to contact our local team. We’ll be delighted to answer any questions  you may have.
 
We're always producing new content to help businesses understand economic trends and navigate trade uncertainty.
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