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 trade risk (4)

Thursday
Feb112010

ICBA members collaborate to solve buyer capacity issues for a major ICBA member client

By Mark Attley

It's a marketer's function to present and communicate the attributes of an organization in the most favourable light possible to the target audience. Since the "proof of the pudding is in the eating", how good we say or think we are is irrelevant unless our customers experience it and tell us so. ICBA's mantra is "trade credit solutions for multinational companies" and when two or more ICBA members collaborate to bring a solution to a client, then we are fulfilling our mandate and "walking the talk".

2009 was the credit insurance industry's annus horribilis (if the queen can have one so can we) with credit availability drying up. As the economy starts to expand in 2010, there are signs that insurers' appetites are improving, but buyer capacity continues to be the challenge in industries where prices are volatile and beginning to rapidly increase.

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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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Monday
Nov302009

ICBA Australia and New Zealand introduce monthly e-news

By Terry Duffy Click image to download the NCI Minute PDF

ICBA Australia and New Zealand's new email communication to clients, the NCI Minute, was launched 28 November, 2009. The e-newsletter is designed to give ICBA Australia and New Zealand's clients a monthly "Minute" of information on issues of interest to the trade credit insurance industry. Upcoming topics will include credit risk management, debt collection and changes in credit laws and regulations among others. Each monthly "Minute" will also introduce a "compliance tip" relating to clients' credit insurance policies. The e-news will go out to over 8,000 client contacts. Also in-the-works at ICBA Australia and New Zealand is a more detailed, two-page quarterly newsletter to be mailed to clients, business partners and potential customers.

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Monday
Jul062009

Having difficulty processing the pain of the worst global downturn since WWII? The poets offer wisdom for the madness of the times

By Rob Downey

Last winter I said a unique restructuring was afoot in global trade, that the wise will expect the cost of risk amelioration to rise in coming years. Also, “common sense” dictates we respect anew the internal credit management skills needed to control risk hence.

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