“Trade credit insurance plays a critical role in protecting businesses from non-payment of commercial and managing working capital. As a leader in trade credit insurance, Euler Hermes Asia Pacific offers businesses of all sizes the tailored made solutions they need to safely expand and grow.”, Wanda Rich, Editor of Global Banking and Finance Review, said. “We look forward to seeing more from them in the years to come.”

Global Banking and Financial Review identified a number of areas in which Euler Hermes Asia Pacific succeeded in 2020, delivering exceptional service to clients around Asia. Euler Hermes Asia Pacific offers clients an extensive range of products tailored to each individual customer and is capable of meeting a myriad of client needs. The company uses a comprehensive risk database and has a global network of risk offices in key markets.

Euler Hermes Asia Pacific delivers unmatched trade risk expertise, the company’s ability to identify risk has enabled businesses to grow sustainably. Euler Hermes Asia Pacific invests in its employees through ongoing education and training programmes. Employees are highly skilled and offer professional financial services. Euler Hermes provides local and global services to support the financial risk management of businesses.

Holger Schaefer, Regional CEO of Euler Hermes Asia Pacific, said, “we are immensely proud of topping the list once again, particularly in a year where global trade has endured unprecedented challenges. Our focus is now on helping our customers through the post-pandemic recovery. Through launching a number of customer servicing initiatives in the coming months, we look forward to continue to maintain our position as the market leader, both in APAC and globally, helping our customers every step along the way as trade resumes, in order for them to be confident in tomorrow.”

Global Banking and Finance Review is a renowned online and print magazine. The magazine’s website alone receives over 7 million page view annually. Global Banking and Finance Review provides a balanced view with formative and independent news from the financial community. The Global Banking & Finance Awards® were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the global financial community. The awards are known throughout the global banking and financial community. They reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector.

Euler Hermes’ Asia Pacific trade credit insurance was founded in 2000 and in two decades of operation, has established offices in Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, and Thailand. The company’s headquarters are located in Paris and employs over 5,800 individuals around the globe.