• Thu
  • Aug 21, 2014
  • Updated: 1:53pm

Credit Insurance

Tighter credit tipped to put pinch on metal producers

Credit tightening policies are expected to pinch mainland companies this year, but metal producers will probably be hurt the most, according to a credit specialist.

Friday, 25 February, 2011, 12:00am

Professionals can help reduce risk

Selling products and services overseas can be fraught with complications for small exporters. Many exporters underestimate the risks involved in extending credit to foreign customers, especially if they are first-time clients.

12 Apr 2008 - 12:00am

Global credit insurance leader seeks analysts

A big name in global credit insurance is scouting for staff to work in its Hong Kong office.

EulerHermes, the world's largest credit insurance group, is based in Germany and has a presence in 35 countries. About 37 per cent of the world's account-receivables transactions were insured by the group last year, according to William Chan, a risk manager with the firm.

16 Dec 2006 - 12:00am

Exporters' credit insurance claims decline by 18.2pc

Sars and improved efforts to pursue clients for payment have led to the lowest payouts since the financial crisis

The Hong Kong government's export credit insurer last year recorded its lowest payouts since the Asian financial crisis, as exporters increasingly turned to international debt collectors to recover payments rather than seek compensation.

22 Mar 2004 - 12:00am

Survey shows rise in defaults by buyers

The number of Hong Kong buyers who failed to pay their bills to suppliers rose in the second quarter because of Sars, according to a survey by a credit insurance company.

25 Jul 2003 - 12:00am

Coface keen to share in market

French-based export-credit insurer Coface, which opened a branch in Hong Kong earlier this year, says it is keen to introduce domestic credit insurance in Hong Kong.

Coface, one of the world's top five export-credit insurers, has 60,000 clients in 67 countries around the world. The group's turnover last year was 4.83 billion French francs (about HK$6.61 billion).

10 May 1999 - 12:00am

Tailor-made policy offered

The Hong Kong Export Credit Insurance Corp (ECIC) has revealed details of a tailor-made Freight Forwarding Services Policy which covers problems facing the industry, such as low profit margins and difficulty in recovering debts.

Features of new policy included a low premium rate and the provision of cover for the territory's shippers.

27 May 1996 - 12:00am

Debt-collection seminar

The Hong Kong Export Credit Insurance Corporation (ECIC) will hold a seminar on debt-collection on Tuesday at the Sheraton Hong Kong. The seminar is open to the public. Admission price is $100 for ECIC policy holders and $120 for non-policy holders.

3 May 1996 - 12:00am

ECIC targets

THE Hongkong Export Credit Insurance Corp (ECIC) has introduced performance targets from today to maximise client service.

The scheme aims for general enquiries to be completed in four working days, declarations to be stamped in one day, credit limit applications processed in five days and claims settled within 18 days.

1 Apr 1993 - 12:00am

Default on payments added to black book on E. Europe

PAYMENT default has emerged as a growing risk with the development of a market economy in Eastern Europe, a government insurance chief warns.

Speaking at a meeting of the East Europe Business Association yesterday, Hongkong Export Credit Insurance Corp assistant commissioner Cheung Kam-kay said the underwriter's task was aggravated by lack of information on the buyer.

24 Mar 1993 - 12:00am