PARIS, 20 SEPTEMBER 2021 – Euler Hermes, the world’s leading insurer, announces today that it will continue supporting Save the Children International in protecting vital funds for international aid amid the Covid-19 pandemic.
Since June 2020, Euler Hermes has been supporting by providing a syndicated, multi-country political risk policy, for a nominal premium covering international funds in countries where the threat of confiscation is elevated.
Issued by the Euler Hermes team alongside other insurance partners, the policy is underwritten to ensure that Save the Children’s vital global action can continue. This action is all the more important today as the world is facing the impacts of the Covid-19 pandemic, which are particularly severe in the regions where the charity is most active and where children are most impacted.
As one of the world’s leading humanitarian organisations, Save the Children works to ensure children across the world, especially the most marginalised and deprived, have access to healthcare, food and shelter, as well as learning opportunities and child protection services.
“Save the Children is doing crucial work around the world and is active in regions where there is elevated political risk around the security of funds. This policy represents a positive gesture from the industry and enables the charity to keep focusing on its core activity through these difficult times,” said , Head of Underwriting, Transactional Cover at Euler Hermes.
“We are grateful for the support and generosity of partners such as Euler Hermes. This past year has been particularly tough for children around the world, with Covid-19 threatening their rights to learn, and weakening systems that keep them safe and healthy. This initiative safeguards funds dedicated to ensuring children around the world grow up healthy, have access to good education and learning, and are kept safe in their homes and communities,” said Nataliya Todorova, Global Head of Insurance at Save the Children International.