Global Finance publishes excellent article on Trade Credit Insurance

Global Finance has published an excellent articel by Paula L. Green entitled Risk Management: Insuring Trade Credit, A Conversation Starter. 

The article discusses  major companies like L'Oreal USA's success with trade credit insurance. Green also highlights the popularity of credit insurance in Europe versus its very new growth in North America. Euler Hermes, Coface and Atradius are cited as the main providers.

READ FULL ARTICLE HERE.

Credit Insurance is a Financial Tool - GSA and Improved Borrowing Conditions

Aside from protecting your assets and managing your risk, credit insurance also acts as a financial tool.

After protecting your business with AR insurance, you can improve your position with lenders, influencing lending agencies to provide added financing and improve margining and conditions.

On average, lending agencies will finance about 70% on your uninsured accounts receivables. With credit insurance, you can look forward to a possible rise up to 90%, allowing you to grow your business safely and with confidence.

Please feel free to contact us any time with your questions:

Gerald Shtull & Associates

www.gsabroker.com

514-939-6226

Our Mission
Gerald Shtull & Associates is dedicated to providing expert service with unwavering professional care; prioritising the protection of our clients' accounts receivables and the future growth and prosperity of their business.

Tailored by Gerald Shtull & Associates

A Perfect Fit
Through negotiations with insurers, GSA creates made-to-measure credit insurance programs that eliminate unacceptable risk and suit your business. We are specialists in a highly specialized field, and our interests are your individual needs.

The Benefits of GSA Customized Expertise

• We identify potentially threatening credit and political risk
• We determine risk factors and probabilities & develop strategies for risk avoidance
• We structure a program that transfers unacceptable risk to an insurer
• We negotiate with the insurers for the arrangement of an appropriate coverage program

Our clients include companies from industries of all sizes. Whether you are a manufacturer or wholesaler, generating revenues of less than one million or more than one billion, your company will be fit with the personalized credit insurance policy offering you the most overall value.

Please feel free to contact us at any time with your questions:

Gerald Shtull & Associates

www.gsabroker.com

514-939-6226

Our Mission
Gerald Shtull & Associates is dedicated to providing expert service with unwavering professional care; prioritizing the protection of our clients' accounts receivables and the future growth and prosperity of their business.

CAPs off to Euler Hermes: A new product for their US and Canadian Customers

On October 1, 2013, Euler Hermes announced an exciting and innovative new product for their US and Canadian customers:
"CAP is a second layer of insurance protection – or “top-up coverage” – allowing businesses to purchase up to $1.5 million of coverage above their previously approved limits. The product is specifically designed for Euler Hermes’ U.S. and Canadian customers of all sizes and sectors, particularly those trading with more difficult risks and markets." Click here to read full article from Euler Hermes.

A.M. Best TV broadcasts new episode, "Needs create demand: Trade Credit Market Growing"

 Click here to watch episode

A.M. Best, the  international insurance-rating and information agency, broadcast a new episode on A.M. Best TV. Entitled, Needs create demand: Trade Credit Market Growing the piece highlights the North American growth of trade credit insurance. European businesses have embraced trade credit insurance for decades, and now North America is beginning to keep pace. Experts suggest that credit insurance will become a "standard tool" in North America. Watch the excellent and informative episode at A.M. BestTV (click here to follow the link).

New Book: Credit Insurance by Paul Becue in association with Euler Hermes

In association with Euler Hermes, Lannoo Campus has published a new book, Credit Insurance. Author Paul Becue is head of information at Euler Hermes Belgium and answers the questions What is it? Why do you need it? and What can it do for your business? in the 250 page volume. Available for pre-order on Amazon.ca.

National Bank of Canada and Business Clients "Capitalize" on Credit Insurance - New Article from RIAC

Receivables Insurance Canada (RIAC) association has published an article highlighting the National Bank of Canada's support for trade credit insurance:

 

 "The National Bank of Canada leverages receivables insurance for its clients for mutual success

BANKERS TAKE NOTE: BUSINESS CLIENTS WITH RECEIVABLES INSURANCE CAN ACCESS OTHER COST-EFFECTIVE FINANCING SOLUTIONS THAT BOOST YOUR BOTTOM LINE" (click here to read full article)

The article upholds the view of trade credit insurance as a financial tool, not just protecting your assets, but increasing your financial flexibility. An excellent insight into trade credit insurance and its diverse benefits.

Trade Credit Insurance Guide Published by The World Bank

One of the most comprehensive guides to trade credit insurance is Trade Credit Insurance by Peter M. Jones. Published as part of The World Bank's Premier Series on Insurance in 2010, this 33-page report includes an in-depth exploration of credit insurance, its benefits and its functions. The document also includes a very helpful FAQ section, as well as a glossary of terms used in trade credit insurance.

A fellow of the  Institute of Chartered Secretaries and Administrators, Mr. Jones was a VP at Export Development Canada (EDC), as well as CEO of the African Trade Insurance Agency (ATI), he has also held prominent positions at CIBC and ANZ/ Grindlays Bank.

CLICK HERE TO READ THE REPORT

GSA – Announcement

Gerald Shtull & Associates is pleased to announce some exciting news: 

GSA has joined Astreos Credit, a European-based, international  network of independent brokers specializing in Trade Credit Insurance.

 Astreos members can guarantee our international clients the same level of outstanding service that we provide domestically in Canada and the United States.  

 

In The Americas                  In Asia                                   In Europe, Middle East, Africa

Argentina                              India                                       Belgium

Brazil                                      Japan                                      Czech Republic

Chile                                       Korea                                     France

Canada                                   Vietnam                                 Germany

Mexico                                                                                   Hungary

USA                                                                                        Italy

                                                                                                Poland

                                                                                                Portugal

                                                                                                Romania

                                                                                                Russia

                                                                                                Slovakia

                                                                                                South Africa

                                                                                                Spain

                                                                                                Switzerland

                                                                                                United Kingdom

If you have any questions regarding international credit insurance, or Astreos credit network, please do not hesitate to contact us:

Gerald Shtull & Associates

514-939-6226