Allianz Trade Named Best Trade Credit Insurance Company Asia Pacific 2024 at the Global Banking & Finance Awards®

In a remarkable demonstration of industry leadership and commitment to excellence, Allianz Trade in Asia Pacific has been honored with the prestigious title of Best Trade Credit Insurance Company Asia Pacific for the year of 2024 by the Global Banking & Finance Awards®. This year marks the eighth consecutive win for Allianz Trade in this category, further cementing its position as a leader in the trade credit insurance sector.

Wanda Rich, Editor of Global Banking & Finance Review, commented on the award: “Allianz Trade in Asia Pacific continues to set the benchmark for the trade credit insurance industry. Their unyielding dedication to providing unparalleled service, combined with their expansive global network, enables them to offer businesses the highest level of support and communication. It is their ability to anticipate market changes and provide predictive protection through unrivalled global business intelligence that truly sets them apart. This, along with their continuous innovation and investment in technology such as AI for better underwriting decisions, exemplifies why they are once again the deserving recipient of the Best Trade Credit Insurance Company Asia Pacific award for 2024.”

Allianz Trade’s approach to trade credit insurance is built on a foundation of providing best-in-class service to its customers. By prioritizing predictive protection, Allianz Trade delivers exceptional global business intelligence, market knowledge, and industry risk analysis, enabling businesses to navigate and thrive in ever-changing market conditions. The company offers an extensive range of integrated products and services designed to support both the short-term and long-term goals of businesses, thereby improving their financial health and protecting their cash flow.

Paul Flanagan, Regional CEO at Allianz Trade in Asia Pacific, remarks, “Being named to the award for eight straight year is truly an honour, and particularly an auspicious number in the Chinese culture. Our approach to the business is customer-centric, evidenced by our industry-leading NPS scores as well as historically high client retention rates. As for products, our recently launched Allianz Trade pay provides full cover to the entire B2B e-commerce value chain, from trade credit insurance protection, fraud module, digital buyer onboarding solution to instant financing solution through one of our financial institution partners. Through our comprehensive and innovative trade credit solutions, Allianz Trade is committed to facilitate global trade including the rapidly growing B2B e-commerce sector.”

The relevance of trade credit insurance has escalated, particularly with the expectation of rising insolvencies. Allianz Trade’s comprehensive solutions address these growing concerns, ensuring that businesses remain resilient in the face of financial uncertainties.

2024 is also a milestone year for Allianz Trade in Hong Kong as it celebrates 25 years of success in the region. From its modest beginnings as Hermes Credit Underwriters in 1999 to its evolution into the city’s largest private trade credit solutions provider, Allianz Trade in Hong Kong has become a critical hub for operations in the Asia Pacific region. This silver anniversary coincides with its eighth consecutive award win, highlighting a quarter-century of industry leadership and dedication to securing the receivables of its clients worldwide.

The consistent recognition by the Global Banking & Finance Awards® underscores Allianz Trade’s dominant presence in the Asia Pacific region and its unwavering commitment to excellence and innovation in the trade credit insurance industry.