Covid-19 crisis to give rise to need based products in insurance industry

by Admin

What we are witnessing is a refreshing and much-needed Consumerisation of Insurance where insurance products will be bought (versus being sold) on “use as needed” basis at key “moments of truth” and serviced remotely and seamlessly in the growing digital, virtual and remote e-commerce ecosystemin the post-Covid economy. Read the original story here: Covid-19 crisis…

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ICC Calls for Proactive Government Support for Trade Finance Post COVID

by Maureen Nova Ledesma

In a paper issued last week by the International Chamber of Commerce ICC (see below), it has been estimated that as much as US$ 5 trillion in market capacity will be needed to return trade volumes close to 2019 levels in 2021. Listen to Cliff Entrekin here as he talks about why banks have been…

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How Trade Credit Insurance adds value to Trade Financing

Trade credit insurance is becoming more involved in trade finance. How does this work? Plus, read on for testimonies from lenders about trade credit insurance.

by Jessica Manipon

Trade credit insurance on its own is already a powerful risk management tool that dates back to 1820. Traditionally, trade credit insurance policies simply protects big companies in case their buyers don’t pay them, however, it has grown and evolved a lot over the years. One of the recent developments is how trade credit insurance…

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Trade Financing in a Post COVID World [Vesl Live Panel]

by Maureen Nova Ledesma

Last week, May 8, Vesl held its very first webinar with an economist, a trade lender, and a credit insurance specialist all in one panel. Mr Asuncion, the chief economist of Unionbank, talks about the economic impact of COVID 19. and how the economic recovery will be a function of: 1)Vaccine / effective treatment /…

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4 quick signs that your customer is headed for financial trouble

Watch out for buyers headed for financial difficulty. They might not be able to pay you back. Here are red flags you should watch out for.

by Jessica Manipon

In the supply chain industry, a responsible business manager must have a heightened sense of awareness on their customer’s financial standing. It is easy to get caught up in fulfilling orders and closing new customers, but making sure you get paid by customers should still be a priority. There are many ways to find out…

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The Covid-19 Construction Crunch: Are we prepared for what’s next?

by Admin

Construction companies have reported the negative impact of the Covid 19 pandemic in a survey conducted on members of The Associated General Contractors (AGC) of America. Of the 909 respondents in the survey, 28% stated that they have been asked to halt or delay working on projects that are currently active or supposed to start…

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COVID-19 and Its Unsung Domino Effect to SMEs

by Admin

by Maureen Ledesma We have been listening to news and social media sentiments about the problems this new coronavirus has brought our lives. The supply chain has definitely not been spared. Although the headlines we may see are those of publicly listed companies in a stock market bloodbath and laying off employees etc, the domino…

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3 Insurance Products We Need to Know as the Corona Virus Spreads

by Admin

by Maureen Ledesma The corona virus has put a strain in the global economy in the past 2 months. Offices have postponed meetings and events, governments have considered lock downs, tissue paper is running out!. But what does this mean for you? If you’re in the tissue paper and disinfectant industry, you are doing more…

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Letters of Credit versus Trade Credit Insurance

by Admin

Both Letter of Credit and Trade Credit Insurance are tools used by exporters to lessen the risk of selling to foreign buyers. But how are they different? Here is an infographic comparing Letter of Credit and Trade Credit Insurance. by Jessica Manipon If you are in the exporting industry, particularly selling goods to other businesses…

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5 Best Habits of Competitive Businesses to Manage Credit

by Admin

From timely payment due date reminders to trade credit insurance, here are the top five credit management tools for competitive business owners in the Philippines. by Randolf Santos An international study of 1,500 business owners revealed that most companies are slowly deviating away from Net 30 payments. Some of them have required one-week payment terms to reduce…

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