credit insurance

In our last newsletter, we informed you that an agreement on a state guarantee for credit insurance as a result of the corona crisis was imminent. We then had to wait another month for it, but last Tuesday 26 May was the day: the European Commission approved the guarantee scheme for the reinsurance of supplier credits by the Dutch state. In this article, we zoom in further on the content of the schemes and give our views on them.

In these corona times, Paul van Uden is annoyed by companies and parties that are not cooperative and flexible. In the opinion piece below, the managing director of Xolv argues for more cooperation in the chain, as he believes this is the only way to get through the crisis in the best possible way. Credit insurers are also taking responsibility in this regard, Paul writes. Contrary to what many people often think...

For weeks now, the media have been reporting on talks between the Dutch state and credit insurers about a state guarantee to keep the economy going. We would have liked to have told you more about the exact content of these measures and what they mean for you and your business at this point. However, there is not yet a final agreement on an arrangement whereby the state guarantees part of the risks.

The role of banks, credit insurers and government is often highlighted in times of crisis. So too in the current corona crisis. Calls for government support measures are rising by the day. But what is often overlooked in this discussion is the role of SMEs. Because that role is perhaps (much) more important than many people think.

How long will the current situation last? It is a question no one has an answer to. What we do know for sure is that the consequences of the corona crisis will be profound. The Dutch economy will soon end up in recession, that much is clear. But how long it will last and how intense it will be, we do not know. Uncertainty is the new normal. And so is financing. In this article, we tell you more about financing in times of (and after) corona.

Yesterday, the Financieel Dagblad posted an article titled 'Credit insurers squeeze lifeline retailers'. Read the reaction of Paul van Uden, managing director Xolv, below:

The coronavirus holds us all in its grip. How the virus develops in the coming period, we cannot predict. But that the pandemic will have a huge impact on the global economy is clear. That means you need to keep a sharp eye on (the terms of) your credit insurance - with our help. In this blog, we list eight things you need to know and what we can do for you. This also applies to uninsured companies. Credit insurers may still have options now, so it is not too late to act.

As an entrepreneur, you want to do business without worries. You cover worries about debtors with credit insurance. But what if your supplier suddenly says that your company is no longer good for its money? Then you have a problem. Especially as the effects of the corona virus are also increasingly impacting the economy, coverage on your own business becomes even more important. In this article, we tell you what you can do in such a situation.

Not so long ago, arranging a business loan was surprisingly simple. You stepped into a bank with an empty wallet and out again with a full one. Those times are over. Fortunately, today there are more ways to get business finance. However, the majority of entrepreneurs still do not look beyond their home banker, while alternative forms of financing also offer advantages. Like the combination between financing and single risk credit insurance.

Big data and Artificial Intelligence. These are topics discussed at many boardroom tables, perhaps also at your company's. Many credit management providers, including credit insurers, have already invested millions in these. Their ultimate goal: to save costs by streamlining risk assessment, debt collection and work processes more efficiently.