Trade Credit Insurance – An Effective Business Turnaround Tool
(ContentDesk) February 28, 2006 -- A highly professional company with topnotch products and services can still find itself in trouble if a buyer fails to pay for the goods or services rendered. Trade credit insurance allows a business to protect its greatest liquid asset its receivables as well as provide the assistance needed for a company to turn itself around and become profitable, according to a recent national audio program.In a recent interview with the Sky Radio Network heard on six major airlines between November 2005 and February 2006, Euler Hermes ACI Executive Vice President Joe Ketzner and Sales Vice President John Caffrey provided information on how trade credit insurance can help a company that sells its goods and/or services either domestically or internationally return to profitability. Any company thats trying to turn itself around and improve itself has four common goals that they must achieve: lower expenses, increase the sales volume, increase profits, and improve and manage risk, said Caffrey. A Euler Hermes ACI trade credit insurance program achieves all four of those goals at one time. Unlike traditional forms of business insurance that may be filed away until a claim arises or the policy renews, trade credit insurance forms a dynamic relationship between the policyholder and the insurer. A traditional insurance company basically indemnifies losses and pays claims. In our world, what we like to focus on is avoiding the losses in the first place, said Ketzner.
The essence of our risk mitigation strategy is having the resources in place to make certain that our clients have access to information monitoring and debt collection. Loss avoidance is only the beginning, as trade credit insurance from Euler Hermes ACI has a host of other applications to help a company turn around its sales. For instance, a trade credit insurance policy can allow a company to expand into new markets by providing the business intelligence needed to choose the right buyers. Moving into a new market creates a new set of risks, because you have a lack of information, a lack of experience, and/or a lack of proximity to the debtor or debtors, Ketzner said. Again, a Euler Hermes ACI program closes all those gaps for our policyholder. A final turnaround measure trade credit insurance offers involves increasing access to capital, Caffrey said. By purchasing a trade credit insurance policy and having Euler Hermes ACI securitizing the liquidity of the receivables, a bank has the comfort to provide the maximum level of lending to the customer, he explained.Ketzner summed up what gives Euler Hermes ACI a competitive advantage in the trade credit insurance marketplace: Our focus is on three areas the development of risk information, effective analysis of that information, and the careful and continuous monitoring of risk after the fact.
Whether your customer is in Chicago, China, or Latin America, more than 160 countries worldwide are covered under our risk management blanket. To access the complete interview with Sky Radio, visit the Euler Hermes ACI News and Publications page at www.eulerhermes.com/usa/en/news_publications/index.html. Links to the audio interview and a transcript can be found at the left of the page.For more information about Euler Hermes ACI products and services, visit www.eulerhermes.com/usa.Euler Hermes is the worldwide leader in credit insurance and one of the leaders in bonding and guarantees. With 5,400 employees in 41 countries, Euler Hermes offers a complete range of services for the management of customer receivables. The North American subsidiary (Euler Hermes ACI) is headquartered in Owings Mills, MD. For more information visit www.eulerhermes.com/usa.Euler Hermes, a subsidiary of AGF and a member of Allianz, is listed on Euronext Paris.
Standard & Poors rates the group and its principal credit insurance subsidiaries AA-.Press Contact: Rick OstopowiczEuler Hermes ACI Public Relations and Communications SpecialistPhone: (410) 753-0652These assessments are, as always, subject to the disclaimer provided below.Cautionary Note Regarding Forward-Looking Statements:Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group's core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults (vii) interest rate levels, (viii) currency exchange rates including the Euro-U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.The matters discussed herein may also involve risks and uncertainties described from time to time in Allianz AGs filings with the U.S.
Securities and Exchange Commission. The Group assumes no obligation to update any forward-looking information contained herein..
Local Fire-Retardant Company Announces Insurance-Backed Warranty Protection From Mold
(ContentDesk) August 24, 2005 -- The tremendous growth in Missouri and Illinois continues to present new challenges for area fire and rescue departments.
Advanced Fire Safety Inc. and No-Burn, Inc. are proud to offer the only insurance-backed mold warranty available.
No-Burn? MIH products are dual action products proven to be effective against the potential of fires and inhibits the growth of black toxic mold.
No-Burn? warrants against black toxic mold growth for all new construction treated with No-Burn? MIH products and certified using the Fire Resistive Class Rating.Strachybotrys Chartarum is an especially-lethal mold that can cause serious breathing difficulties, memory loss, dizziness, flu-like symptoms, and bleeding in the lungs. What's behind the sudden mold epidemic? Experts point to the modern home's dense use of insulation, air-tight heating and air conditioning, and the recirculation of contaminated air.
Advanced Fire Safety Inc. has all...
Auto insurance > Local Fire-Retardant Company Announces Insurance-Backed Warranty Protection From Mold
Individual Dental Plans
Individual dental plans are designed for people and families looking to save money on dental services. This differs from an insurance scheme in that the employment organizations execute an agreement with the local dental units or dentists to establish a discount for specific sets of dental procedures. The discounts may run as high as 70% in certain cases.
Both large and small employers offer some form of dental plan to their employees as part of their comprehensive benefit policy. The preferred form of the dental plan that is normally offered is the individual dental discount plan.
It is an undeniable truth that regular routine checkups and cleanings by the dentist are the easiest ways to maintain oral health. Most dental plans are structured towards covering the cost of these procedures, which come under preventive care. However, they do not cover treatments such as orthodontics, esthetics or cosmetic restoration such as fillings, crowns, braces and...
Auto insurance > Individual Dental Plans
Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud.
ID theft is a major consumer concern, though there is apparently much confusion about proactive protection initiatives and apparently safe and unsafe spending behaviour. For example, many consumers remain reluctant about shopping online, but they may still give out personal details over the phone in a cold call, or they may have redundant or dormant accounts and financial products which are susceptible to fraud.If reducing fraud vulnerability wasn't sufficiently difficult already, consumers are now being offered anti-ID theft services and ID protection insurance by banks, insurance companies and credit reference agencies. There is also considerable debate around such policies however, as they do not offer full financial compensation. In The Observer last week, Richard Brown, Chief Executive of consumer finance site moneynet ( http://www.moneynet.co.uk ) stated that:"Few, if any, of them appear to offer insurance...
Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud.
Auto insurance > Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud.
Auto Dealers Get Help From New Program
You may have your own auto dealership that offers services from vehicle repair to simple purchases of Suzuki auto parts and the like. But your business is sure going to spurt more when you hear about the new program that would help you gain more customers and more income as well.
This new program is called the Rapid Response program and it has been launched by Autobytel Inc which is considered as one of the automotive world's leading Internet marketing services company. The Rapid Response program is actually one of the first from the company's Keep in Touch, or KIT, services that has been created so as to help dealers be able to successfully manage their shops and at the same time be also able to communicate with any of their customers needs online.
As per the Rapid Response, just by the name itself, you would know that this is some really fast type of service. Sure enough, according to...
Auto insurance > Auto Dealers Get Help From New Program
When to get an Auto Refinance Loan
Auto RefinanceYou have probably heard of auto refinance before. Or simply refinance. The term "refinance" actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. Refinance is often put into practice in home buying. In fact, refinancing is one of the most popular methods of getting financing for a home loan.With auto refinance, the same thing applies.
Auto refinance is basically paying off one loan with a new loan. The goal of auto refinance is to allow the borrower to save some money from your monthly loan obligations. And as such, it is one of the best kept secrets in the financing industry. For years now, people have refinancing their homes and saving thousands of dollars. However, the practice of refinancing car loans has yet to be indulged by most.
Why? Perhaps the reason is that auto loans generally behave differently from home loans and people are naturally skeptical about new methods. Regardless, auto refinance is still...
When to get an Auto Refinance Loan
Auto insurance > When to get an Auto Refinance Loan
Is Your Insurance HEALTHY?
Is Your Insurance HEALTHY?By
===========================================================The author grants permission to publish this article, in its entirety, electronically or in print, as long as the bylines are included. A courtesy copy of your publication (or, at least, an e-mail notification) sent to irbonness@ureach.com will be appreciated.===========================================================Five years ago, average health insurance premium was equivalent of a car payment, now it's more like a mortgage. More and more people are faced with a tough choice: indefinitely postpone their next visit to the doctor or start depleting retirement savings in order to pay medical bills. There should be a better way to keep our families healthy...Let's begin with terminology. The generally accepted definition of an "insurable event" - be it a traffic accident, a house fire, or an earthquake - is something that (a) comes without warning; (b) is very unlikely to happen and (c) is...
Auto insurance > Is Your Insurance HEALTHY?