A new report from Euler Hermes examines how much the Covid-19 crisis shifted European financial leaders’ confidence and priorities for 2020.
Euler Hermes’ global insolvency index is expected to reach a record high of +35% cumulated over a two-year period (after +17% in 2020 and +16% in 2021) as the global economy faces a U-shaped recovery from the Covid-19 crisis.
A new report commissioned by trade credit insurers Euler Hermes, Coface and Atradius found that a lack of support for the trade credit insurance (TCI) industry could disrupt the stability of millions of businesses across the U.S.
The post-Covid world will emerge with a paradox: a possible massive calling for state intervention to act both on the pandemic itself and on the recession, and at the same time, massive public debt which can hinder their possibilities for intervention in the long term.
The speed at which Covid-19 spread around the world also highlighted the potential vulnerability of some industries when borders are closed and supply chains are not ensured. Find out more in our report
Technology is the big winner in the face of Covid-19 and it will continue its rise within all aspects of our lives (e.g. education, health, retail, communication, payment and signature). Read more about the world post Covid-19.
The cumulative turnover of insolvent major companies also surged to EUR106.9bn (+155% q/q and +138% y/y).
The prolonged supply-chain disruption likely due to future targeted lockdowns and companies’ precautionary stockpiling will push inventories up in H2 2020.
An unprecedented disruption in trade, manufacturing and retail activities, followed by a major economic crisis, will send the turnover of the European textile and apparel industry down by -19% in 2020.
Read the interview of our IT Manager Julien Frérot who explains how we used technology to build MyEH and help our customers to manage their policies.
In this interview, our new Group Head of Customer Service tells us about the projects she’s working on, including our customer platform MyEH. Read more.
How were customers’ needs taken into account when creating our new customer platform MyEH? Read the article to find out how customer experience is our top priority.