Ukraine and Russia: what policyholders need to know nowWhat does the war in Ukraine mean for companies with ties to Russia or Ukraine?? We have asked the credit insurers for their opinion. Russia's war against Ukraine forces credit insurers to act. In addition to all the dismay about the human fates that the now escalated conflict brings with it, the events of course also affect […]
By: Corina Pahrmann
Complex risks and more insolvencies: Credit insurers start 2022 on a pessimistic note
Up to 17.000 corporate insolvencies are expected in Germany in 2022, explained Thomas Langen, Chairman of the Credit Insurance Commission of the German Insurance Association (GDV), at the annual media conference of credit insurers. However, the end of the umbrella is viewed positively by the industry. New Corona waves, shortages of raw materials, inflation and delivery delays, an increased inflation rate, cyber attacks and political conflicts: Thomas Langen counts in the annual press conference […]
By: Corina Pahrmann
How to insure against cybercriminals
90 percent of German companies are affected by ransomware attacks, data theft and email fraud. The economy suffers a triple-digit billion loss as a result. Can you insure against it? Yes! BARDO, the International Association of Credit Insurance Brokers, provides tips on how to do this. Friday afternoon, the email arrives: The boss instructs accounting to quickly make a payment to an external account – typically in […]
By: Corina Pahrmann
Surety insurers got high marks despite crisis
A member survey by BARDO – International Association of Credit Insurance Brokers, shows that despite their restrictive measures during the crisis, insurers have largely been able to maintain the trust of their customers. Now there is a renewed appetite for new business. Different from banks: half of new business comes from customers turned away by banks. Surety insurance is an important […]
By: Corina Pahrmann
How the Brexit will affect credit insurance
With the UK leaving the EU, a lot of homework had to be done, and most of it at fairly short notice too. Here, we look at the impact of Brexit on credit insurance – especially with risks increased by Covid19 fallout. An article by Petra Fuchs, board member at BARDO e.V. The United Kingdom has virtually at the last […]
Petra Fuchs on the BARDO board: press coverage
At the beginning of 2021, Petra Fuchs from Euroassekuranz joined the BARDO board of directors. She succeeded Frank Otto, who left the association to begin his retirement. "We are happy to have Petra Fuchs on board, who will support us with her expertise especially in the field of trade credit insurance," let Albrecht Max Vater, Chairman of the Board of BARDO e.V., […]
By: Corina Pahrmann
Credit insurers warn of wave of insolvencies in 2021
The German Insurers Association praises the protective umbrella for credit insurers, but also expects insolvency figures to rise. The German Insurance Association (GDV) took a very clear position right at the beginning of the annual media conference: The aim these days is to contain the pandemic and its economic consequences as best as possible, explained Thomas Langen as Chairman […]
By: Corina Pahrmann
New appointment to the BARDO board
Petra Fuchs succeeds Frank Otto on the board of BARDO – International Association of Credit Insurance Brokers. At the end of 2020, Frank Otto, founder and owner of VIA Delcredere GmbH, withdrew from the operational business to retire. At the same time, Frank Otto also resigned from the board of BARDO. The BARDO thanks Frank Otto for his […]
By: Corina Pahrmann
Protective umbrella: BARDO welcomes the extension
The German government's protective umbrella set up to stabilize supply chains will last until 30. June 2021 extended. The BARDO e.V. Welcomes this announcement by the federal government and insurers. Only until the end of the year it should initially apply -. With this time limit he provided in the past weeks for increasingly large uncertainty.