credit insurance

There was a time when insurers only insured a company's entire turnover. Later, it became possible to make a split between domestic and foreign and now organisations can also insure some or even a single buyer or transaction. Why this is wise in some cases, you will read in this article.

The Netherlands has traditionally been a country of traders. Nowadays, a large proportion of SMEs are involved in trading. This means that in many cases they do not produce themselves, or at least have a significant part of their product produced elsewhere. These companies buy in products after they have received orders, but sometimes even before that, so they deliberately take some inventory risk. Credit insurance can play an important role in preventing business from grinding to a halt. In this article, we explain how credit insurance speeds up trade and makes financing easier.

A well-known A-brand multinational in the retail & fashion industry, with a turnover of more than a €1.5 billion, recently enlisted Xolv's help. They asked us to advise and support them on a number of pressing challenges. During the Covid-19 pandemic, the pressure on the Accounts Receivables department at this group, like many of its peers, increased enormously. This was due to the many requests from debtors for deferred payments, (late) payments, collections and damages due to bankruptcies of their debtors. Xolv reviewed the creditworthiness of this company's buyers and looked at what options they had to cover the financial risks with credit insurance. In this client story, you can read how we tackled this challenge.

Recently, there has been a shift in supplier payment options. Due to scarcity and competition, suppliers are increasingly demanding advance payment for raw materials and products. Often, they also ask for higher percentages of the total amount to be paid in advance than before. Sometimes, they even want the full amount in advance. In this article, Menanynke Hulshof-Schippers explains the risks this poses for you and gives tips on how to minimise these risks.

In our daily conversations with uninsured companies, we often notice a resistance to taking out credit insurance. In this blog, we discuss these main objections and set out some arguments against them.

When it comes to financing your business, we mentioned earlier that it is often better not to place all financing with one provider. As long as business is going well, there is usually nothing to worry about, but if things are a little less successful, you are entirely dependent on that one financier. This can jeopardise the continuity of your business. Most factoring companies often also offer credit insurance in their contracts. In this article, we explain why it is better to place your credit insurance with your credit insurer separately from the factoring contract.

Whether the fraud is committed inside or outside your company, financial losses usually have a major impact on your business. You will probably have to incur costs to mitigate further losses, such as the costs of legal proceedings. With fraud insurance, you protect yourself against financial losses and costs. In this article, you will read about the benefits of fraud insurance at Euler Hermes and we answer frequently asked questions about taking out fraud insurance.

Fraudsters operate in almost all sectors and are becoming increasingly creative. They purchase goods or services without paying, send fake e-mails to find out personal information such as bank details or send ghost invoices. This kind of fraud poses a serious business risk. How can you guard against it? We give you tips to protect your business so that you do not become a victim of scams.

One of our clients recently asked us to look into extending the credit limit on one of their largest customers. In this blog, we explain how we finally managed to convince a credit insurer to proceed with the extension.

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.