Building trade credit resilience
Trade credit risk is becoming more unpredictable, with political and economic uncertainty, and an increasingly changeable operating environment for businesses, according to Trevor Williams, QBE.
Trade credit risk looks set to increase in coming years as a host of often unpredictable factors place additional strains on businesses. Short term, the economic and political outlook for 2020 is looking unsettled, with Brexit and a US presidential election coinciding with a decelerating global economy. Longer term, companies will have to adapt to a fast-moving business environment, shaped by major social, technological and environmental change.
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About QBE
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.