Allianz Trade, the global leader in trade credit insurance, is expanding its Excess of Loss (XoL) teams in Germany, Asia Pacific, Spain, and Brazil, following the successful growth of its teams in the UK and US.
The company aims to hire new recruits to further enhance its position in these regions.
Allianz Trade is ramping up the development of its XoL division by focusing on expanding into markets that require this type of solution, as well as investing in the operational aspect of the division, the company said.
The trade credit insurer is selectively targeting new markets to address the growing demand for XoL and plans to strengthen its XoL division by improving its operations.
Allianz Trade predicts that as global economic activity slows down and insolvencies rise, companies will require greater protection and support against large and unexpected losses in 2023.
Allianz Trade is committed to providing support to these markets by investing in dedicated teams that are physically present in the regions, the company said.
“This translates into additional resources in Germany and Asia Pacific, where the company already delivers XoL solutions, and the creation of new XoL teams in Spain and Brazil, thus extending its global presence for this kind of solution,” the trade credit insurer noted.
