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Credit insurance. An overview from the side of a reinsurer. Bert Zandvliet Tunis, October 23 2000. Development of world trade. The credit insurance market. Total volume 1998: DM 11,5 Bln. Credit insurance in Europe (before 1990). Hermes Coface Euler Group Gerling Kredit NCM Group.
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Credit insurance An overview from the side of a reinsurer Bert Zandvliet Tunis, October 23 2000
The credit insurance market Total volume 1998: DM 11,5 Bln
Credit insurance in Europe (before 1990) Hermes Coface Euler Group Gerling Kredit NCM Group
Credit insurance in Europe (current) Hermes Coface Euler Group Gerling Kredit NCM Group
The world credit insurance market (current) Hermes Coface Euler Group Gerling Kredit NCM Group
Market developments • Short-term risks: private market • Medium-term risks: increasingly ceded to the private market. Risk appetite is not everywhere.
Political Risk • Convertability and transfer risk • War, strikes, riots and civil commotion • Confiscation, nationalization • State-owned buyers • Other measures taken by a state
IT communication changes the product offering • Faster Service • Risk Management via e-commerce
Current issues • Primary accumulation • Reinsurer’s accumulation • Cyclical accumulation • Mergers
Current issues • Primary accumulation • Reinsurer’s accumulation • Cyclical accumulation • Mergers
Current issues • Primary accumulation • Reinsurer’s accumulation • Cyclical accumulation • Mergers
Current issues • Primary accumulation • Reinsurer’s accumulation • Cyclical accumulation • Mergers THE WORLD’S LARGEST RETAILERS In bln. Euro 133,19 Wal-Mart 27,4 19,6 47,01 Carrefour/Promodes 46,89 Metro Sears Roebuck 39,54 32,22 K-Mart
Position Munich Re • Support the start-up and further development of export credit insurance • Support the privatization of risks and portfolios which have been backed up by states • Support for international organizations • Long-term orientation to profit • Active role of the reinsurer