Allianz Trade

Allianz Trade is an international insurance company that offers a range of services, including trade credit insurance, debt collection, surety bonds and guarantees, business fraud insurance and political risk protection. It monitors the financial health of over 80 million companies.

It is a subsidiary of Allianz SE. It is rated AA by Standard and Poor's.

Headquartered in Paris, the company is present in more than 50 countries with more than 5,500 employees, and has a global market share of 34%. They posted a consolidated turnover of €2.9billion in 2021, and insured global business transactions representing €931billion in exposure.

SFAC acquired COBAC in 1993, followed by Trade Indemnity in 1996, and ACI and SIAC in 1998. During the same year, Allianz acquired AGF, a shareholder of SFAC. The holding Compagnie Financière SFAC was renamed Euler.

From 2000, Euler was listed on the Paris Stock Exchange. Two years later in 2002, Euler acquired Hermes, the German market leader in trade credit insurance. In 2003, the Group and all its subsidiaries became Euler Hermes.

Euler Hermes began to expand internationally in 2004, and opened offices in Asia–Pacific, Latin America, and the Middle East (Kuwait, Oman, Qatar, and the United Arab Emirates) between 2004 and 2009. In 2007, Euler Hermes increased its shareholding to 50% in COSEC, the market leader in Portugal. In 2013, Solunion, a joint venture between Euler Hermes and MAPFRE, was created covering Spain and Latin America. In the same year, Euler Hermes increased its shareholding in ICIC, a credit insurer in Israel, to 50%.

In 2018, Allianz completed the acquisition of Euler Hermes's outstanding shares and Euler Hermes Group became fully owned by the Allianz Group. In March 2022, Euler Hermes changed its brand name to Allianz Trade.

This is an insurance policy and a risk management product offered to companies to protect their accounts receivables from loss due to credit risk. Should their customers become insolvent or fall into protracted default, it includes indemnification for the values of goods or services delivered. The policy could include a component of political risk insurance, which insures the risk of non-payment by foreign clients due to issues such as currency problems, political unrest and expropriation. Some policies also include debt collection, which is the process of pursuing payment of debts owed by businesses.