Euler Hermes World Agency provides credit risk management and credit insurance solutions tailored specifically for multinational companies. It offers a range of products including World Programs, Transactional Cover, and Excess of Loss policies to protect against insolvency, delayed payments, political risks, and unexpected credit losses. The World Agency aims to provide local service globally through regional teams while maintaining centralized risk management using its extensive global database.
2. 1
Euler Hermes has a dedicated team to service multinational
clients: the Euler Hermes World Agency.
Since 2007, the World Agency has proven to be a successful and
sustainable provider of credit risk management solutions for
business and financial institutions operating in the multinational
arena. This dedicated team within the Euler Hermes Group are
specifically tasked with servicing multinationals located all over
the world.
Through tailored programs, the philosophy of the World Agency
is ‘central steering, local delivery’ thereby harnessing the best
that Euler Hermes can offer to a multinational customer. World
Agency teams are ensuring superior service by operating in the
same local context and culture as customers.
The World Agency helps multinationals to integrate and grow in
new and emerging markets as customers seek cover at ever
increasing levels. Multinational businesses are increasingly
involved in complex credit arrangements.
World Agency
Tailor made solutions for multinationals
The opportunities of global business may be obvious, the risks less so. The World
Agency offers innovative credit insurance solutions to multinational companies.
Euler Hermes, a subsidiary of Allianz,
is the world leader in credit
insurance with 34% market share
World Agency Solutions
Euler Hermes World Agency provides the best solutions to
answer different needs of multinationals and offers a wide
range of products including: World Program, Transactional
Cover and Excess of Loss:
World Program
The World Program is a tailor made solution for multinational
companies with a turnover in excess of EUR 500 million and
business units located in two or more countries. The World
Policy is central to every World Program. Written in plain
language it is easy to understand and comply with. It can be
issued in multiple languages and is adaptable at both central
and local level under the auspices of a Master Agreement,
the framework for the entire World Program.
In addition to covering insolvency and delayed payment, the
World Policy provides cover for various causes of Political risk.
The aim is to implement robust, effective programs that
underpin and strengthen credit management infrastructures
supporting risk management and risk transfer.
No two World Programs are the same as all are tailored to echo
the specific requirements of each multinational. Prior to
working with a customer, significant time is spent examining
their particular needs and demands, sculpting a program that
moulds exactly to their requirements.
3. 2
Transactional Cover
The Transactional Cover solutions are related to political risk,
short- and mid-term policies, structured deals or single
transactions. These include but are not limited to policies (up to
8 years) providing export and import cover, specifically
prepayment and supplier default and bank products for trade
and corporate finance transactions. Cover can be written on
named buyers or on single transaction basis. Unfair calling of
contractual bonds is also covered for advance payment bonds,
performance bonds and retention bonds.
Excess of Loss (XoL)
The Excess of Loss solutions respond to the growing global
demand of achieving balance sheet protection against
exceptional credit losses with non-cancellable credit and country
limits . XoL policies are designed for multinational businesses
with strong and mature credit management practices and
who are able to absorb a greater level of risk share.
Excellent Risk Management
Via the Euler Hermes risk service, customers are provided with
consistent underwriting and know with confidence that strategic
relationships can be built throughout the supply chain. The trade
sector risk teams at Euler Hermes are experts in commercial
counter party risk and country risk. The Euler Hermes global risk
database with more than 40 million companies is
continuously refreshed with forward looking proprietary
information. This places the risk underwriters in the best position
to anticipate turns in the credit cycle and the probability of
customer default.
In addition, each customer is allocated a World Program
Risk Director who have authority to take decisions in the
context of the overall commercial relationship.
◾◾ You have expanding operations around the world and need a global solution
◾◾ You need a tailor-made program
◾◾ You need high level risk coverage/capacity
◾◾ You need detailed, real-time management information about risk
◾◾ Your servicing requirements demand local delivery but you want the benefits of economies of scale and harmonisation
◾◾ You need the same contractual terms across all countries with local flexibility
◾◾ Your global environment is highly competitive and you need a strong and stable AA- rated partner
World Agency offers a broad variety
of solutions to fit the needs of
every multinational
When can the World Agency support my business strategy?
Tailored IT Services
As an integral part of the World Program customers have use of
the EH World Agency SmartView; a secure risk management
information system that is updated daily. It provides detailed
insight into the credit risk managed under the program by
allowing direct access into the Euler Hermes risk platform. It
allows sharing of the unique Euler Hermes grading model,
facilitating consolidation of exposure and tracking trends at
group or local level across buyers, countries and sectors.
In addition, via SmartLink, Euler Hermes can provide a
synchronised electronic interface to exchange payment data and
integrate accounting systems with customers. There are
several services available ranging from limit application and
response to reporting of potential claims. This automation and
flexibility ensures the World Agency is delivering operational
efficiencies to customers through time and cost savings.
Cash Flow Protection
One of the key benefits of credit insurance is balance sheet and
cash flow protection. Euler Hermes understands the importance
of paying claims promptly and strives to expedite payments to
customers wherever they are trading in the world. The specialist
collection teams help you recover outstanding debts worldwide.
