Annual report 2007 - Euler Hermes

The preferred partner
for trade receivables
management
Euler Hermes in Germany named
“Best export credit agency”
in 2007 by UK magazine
Trade Finance.
This award recognises its
excellence in terms of export
credit insurance.
22,000
credit limit requests received
by Euler Hermes each day.
80% of requests are processed
within less than 48 hours.
€800 billion of
business transactions insured
Commercial debt collection, the second
key element of credit insurance, is included
in most of the group’s insurance policies. In
the event of non-payment of commercial
debt, the group can put its negotiating
power and knowledge of local practices at
its clients’ service, thus improving their
efficiency and responsiveness.
Euler Hermes also indemnifies its policyholders
in the event of non-payment by
“Euler Hermes has over 56,000 clients worldwide,
from SMEs to multinationals.”
12 – ANNUAL REPORT 2007
one of their customers. In this way the
insured business protects its cash flow and
profitability. Euler Hermes has the necessary
financial strength to partner with its
clients over the long-term, as reflected in
the AA- rating assigned by Standard & Poor’s.
In 2007, Euler Hermes protected business
transactions totalling €800 billion and
generated turnover of €2,099.4 million, up
by 4.4%. The group is a leading player in all
its markets.
* Source: ICISA, Euler Hermes