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Trade Credit tag returned 112 results

  • Morocco: New credit insurance broker sets ambitious business goal

    A new entity specialising in credit insurance aims to capture a market share of around 40% in credit insurance broking business next year.

    Middle East | 17 Sep 2020
  • UAE: ECI boosts employees' trade credit insurance skills through Aman Union certification

    Etihad Credit Insurance (ECI), the UAE's federal export credit company, has enrolled several of its team members in Aman Union Certification Programmes, to help them attain the highest level of excellence in terms of core insurance skills and business strategies, under the guidance and training of leading finance and credit insurance practitioners as well as respected names in the academic and financial spheres.

    Middle East | 02 Sep 2020
  • Italy: EC approves EUR2bn scheme to support trade credit insurance

    Under EU state aid rules, the European Commission (EC) has approved a EUR2bn ($2.37bn) Italian scheme to support the trade credit insurance market in the context of the coronavirus outbreak. The scheme will be administered by SACE, the Italian Export Credit Agency.

    Asia | 21 Aug 2020
  • Saudi Arabia: ICIEC signs MOU with Austrian counterpart

    Jeddah-headquartered Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) and Austrian export credit agency Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) have signed a Memorandum of Understanding to promote projects and investments from Austrian businesses and investors into ICIEC member countries.

    Middle East | 12 Aug 2020
  • Turkey: Eximbank inks reinsurance deal with Danish export credit agency

    Turk Eximbank has signed a reinsurance cooperation agreement with Denmark's export credit agency, EKF Danmarks Eksportkredit (EKF), Turkish Trade Minister Ruhsar Pekcan has announced.

    Middle East | 10 Aug 2020
  • Prepare for a record-high increase in global insolvencies

    The Covid-19 crisis will trigger a major acceleration in business insolvencies due to both the suddenness and historic size of the economic shock and its expected lasting effects, according to a study by Euler Hermes, one of the world's largest credit insurer.

    Agents | 04 Aug 2020
  • Africa: Trade insurance agency more than doubles net profit in 2019

    The African Trade Insurance Agency (ACA) has posted a surge of 132% in net income to $27.7m for the financial year ended 31 December 2019, continuing eight years of uninterrupted growth.

    Africa | 03 Aug 2020
  • Middle East: ICIEC and Uzbekinvest cooperate to support trade & investments

    The Islamic Corporation for the Insurance and Investment of Export Credit (ICIEC) and Uzbekistan National Export-Import Insurance Company (Uzbekinvest) have signed a Memorandum of Understanding to provide insurance support for trade and investments.

    Middle East | 26 Jul 2020
  • China: Sinosure reports steady business in 1H

    China's only policy-oriented insurer specialising in export credit insurance has reported steady business growth for the first half of this year despite the COVID-19 pandemic.

    Asia | 23 Jul 2020
  • Hong Kong: Export credit insurer reports 20% lower business volume in FY2020

    The Hong Kong Export Credit Insurance Corporation (HKECIC) underwrote total insured business of HK$120,244m ($15,510m) during the financial year ended 31 March 2020 (FY2020), representing a decrease of HK$30,670m or 20.3% over the previous year.

    Asia | 13 Jul 2020

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