These are the (long-term) effects of the Brexit and Covid-19 on credit limits
Brexit, the corona crisis... There were times when credit limits were less affected by global challenges. What are the short- and long-term implications of both issues? Our Senior Risk Manager Coen Blazer tells in the blog below.
Insurance is probability - this is how a credit limit is established
No one has a crystal ball that can predict the future. Not even credit insurers. But they do try to get close to it. Insurance is a combination of probability and statistics. Based on historical data and mathematical calculation models, insurers try to estimate as accurately as possible the probability of a future adverse event (resulting in damage). Credit limits are determined on that basis. In this comprehensive article, we explain in detail how a credit limit is established.
Life after state aid? This is what the biggest credit insurers predict
The corona crisis has hit the economy hard. How are the biggest credit insurers looking at the economic situation? What about the credit limits soon? And what happens if reinsurance is not renewed by the State? We put it to Risk directors Edwin Kuhlman (Atradius), Arthur Schellekens (Coface) and Johan Geeroms (Euler Hermes), who outline the challenges and opportunities for 2021.
Make way for commodity currencies
Prices of commodities such as oil and iron ore have risen sharply in recent months. However, this is not the case for the currencies of countries that export these commodities. Are the Russian rouble and the Brazilian real on the verge of a big catch-up? Joost Derks elaborates in his column.
'Good debtor management hinges on the right tone'
More and more companies and organisations are outsourcing their accounts receivable management. The reasons are diverse, as are the benefits it brings to companies. We spoke about it with Charrel van den Bovenkamp, Director of Operations at our partner CRDT credit & finance. 'Debtor management remains people's work.'
The bank counter is closed, but Xolv knows a diversion
In this day and age, many entrepreneurs in need of financing face a closed bank counter. No matter how hard you knock, there is no opening. Some three-quarters of loan applications are currently rejected. But don't panic: Xolv knows a workaround and will gladly show you the way.
These recovery measures will (hopefully) get the economy back on track
It is the end of February 2021 and we are still in the middle of the Covid-19 pandemic and in severe lockdown. Everyone is hoping for rapid relief measures and urgent vaccination, but no one can predict what will happen in the short term. Still, in this article, we are already looking ahead to how our economy can recover from this crisis.
What will your business look like after Covid-19?
Hardly anyone can oversee the actual consequences of the corona crisis. But one does not need to be a rocket scientist to conclude that this pandemic - even after it is over - will have major consequences for society and the economy. Although we are still in the midst of the crisis and many entrepreneurs are mainly concerned with 'the here and now', it is highly advisable - if you have not already done so - to already sketch scenarios for your business after Covid-19. In this article, we tell you what to do.
Press release
Rotterdam, 1 February 2021
Ecclesia Group has acquired a majority stake in 's-Hertogenbosch-based Xolv. In this way, the international insurance broker strengthens its position in the Dutch market.
Consequences of Brexit: (much) more bureaucracy and major uncertainties
On Christmas Eve 2020, negotiators from the European Union (EU) and the United Kingdom (UK) finally reached a trade agreement. The agreements reached took effect from 1 January 2021. For credit insurance, this has no direct implications (yet), but for the day-to-day practice of exporting all the more. We list the main points from the Brexit deal for you.