ICBA Trade Credit Insurance News

International Credit Brokers Alliance (ICBA) is the world’s largest team of independently-owned, specialist trade credit insurance brokerages. With offices in 25 countries on five continents, partners combine local service with global coordination to provide trade, credit and political risk insurance solutions for multinational companies.

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ICBA Blog

Entries in economic crisis (3)

Thursday
Jan212010

ICBA brokers can help to insure you against the next political risk crisis

By Ron Doyle

Kevin Carmichael in his article on monetary policy in the Globe and Mail’s Report on Business of Friday, January 15, 2010, refers to the high levels of worldwide government debt, resulting from huge stimulus packages, as the biggest threat to global recovery. The article refers to the World Economic Forum Global Risk Report 2010, in which the London based group raises concerns over the high degree of interconnectedness between all areas of risk and warns that unless we address these risks they may cause the next crisis.

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Monday
Dec282009

Coface's Corine Troncy says transparency and trust between Coface, ICBA and clients are priorities

Excerpt from ICBA Advantage Issue 5 – Winter 2009/10Corine Troncy

Coface, based in Paris, France, with 130,000 clients worldwide and a direct presence in 67 countries, recently introduced its “New Deal” giving clients more flexibility in the managment of portfolios and increasing dialogue among risk underwriters and clients. Improved transparency allows Coface to show clients how the company monitors accounts, identifies portfolio quality, and helps Coface be extra agressive in underwriting clients’ limits. Corine Troncy is Global Sales & Business Development Director, Coface Holding.

Question: Since the credit crisis began in 2007, Coface has maintained excellent guarantees, totalling €364 billion mid-way through 2009. Coface also reports improvements to its risk profile. How do these measures benefit customers?  

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Thursday
Oct152009

Use General Craufurd's example to prepare for global trade risks

By Rob Downey

My partners normally ban the use of military or sports metaphors in explaining trade credit insurance.  They know that troubled trade transactions, defective coverage, and disputed obligations are more complicated than the black-and-white examples typically presented by wars and athletic contests.  Still, I believe the  world of global trade could use a Major-General Robert Craufurd about now.

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