Re/insurance broker Aon has partnered with Hamburg-based fintech Walbing on the establishment of a service tailored for syndicated trade credit insurance.
Those wanting to secure coverage will receive an offer directly via the new marketplace, with the respective contract concluded through Aon’s One Underwriting Agency.
“In the midst of the corona pandemic, more and more insurers have withdrawn from trade credit insurance or have significantly reduced their lines,” Jörg Hörster, founder and CEO of Walbing.
“Together with Aon, we want to use a digital syndication process to ensure that trade credit insurance is no longer a bottleneck for international supply chains.
Dr. Kai Engelsberg, member of the Credit Solutions management team at Aon, said the two companies are convinced that customers and insurers alike will benefit from the development of a digital solution for syndicated trade credit insurance.
“With Walbing, we have exactly the right partner at our side with the appropriate expertise in setting up transparent, automated processes,” Engelsberg said.
