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LONDON, ENGLAND, June 06, 2022 /24-7PressRelease/ -- Allianz Trade, the world leader in trade credit insurance, was awarded Global Banking & Finance Review's Best Trade Credit Insurance Company Asia Pacific 2022 honour this month. It was the sixth consecutive year that the company was awarded the prestigious accolade from Global Banking & Finance Review.
Formerly known as Euler Hermes, Allianz Trade continues to offer industry leading products to clients in the Asia-Pacific region. Global Banking & Finance Review noted a number of key areas in which Allianz Trade thrived over the course of 2021-22, leading to the title of the Best Trade Credit Insurance Company Asia Pacific 2022 for a sixth straight year.
Allianz Trade has an extensive range of integrated products and services that enable businesses to reduce their payment and credit risks. These products protect clients' trade assets and improve working capital. Global Banking & Finance Review also outlined Allianz Trade's unrivalled global business intelligence and high levels of communication and business support during critical times. The company's work throughout the COVID-19 pandemic has been exemplary.
In addition, Allianz Trade continues to invest in technology to support its clients' needs. These investments have led to numerous upgrades allowing business to flow more smoothly. Finally, Global Banking & Finance Review was impressed by Allianz Trade's global network that monitors 83 million companies across 160 countries to address any needs of clients that may arise.
"Allianz Trade continues to excel in the Asia-Pacific region exceeding the needs of its clients," Wanda Rich, Editor, Global Banking & Finance Review, said. "The tailor-made solutions provided by Allianz Trade are ideal for any client. The current times that we live in are not easy for any business to navigate. Allianz Trade's ability to lower risk and communicate directly to clients gives it high marks."
Paul Flanagan, Regional CEO at Allianz Trade in Asia Pacific, says, "The title of the best trade credit insurer does not come easy, let alone for six consecutive years. We will continue to provide best-in-class customer service to our clients, backed by data driven intelligence to aid their day-to-day decision making. In the context of complicated international environment with global insolvencies expected to rise, Allianz Trade has just the right people and expertise to help companies navigate the challenging roads ahead."
The Best Trade Credit Insurance Company Asia Pacific award is bestowed on companies that succeed in specific areas of expertise in the banking and finance sectors. Allianz Trade has now won six consecutive Best Trade Credit Insurance Company Asia Pacific awards. The company was previously known as Euler Hermes, but rebranded recently to align itself further with the Allianz Group. The company has been a full member of the Allianz Group since 2018. Allianz Trade's dedication to excellence continues to see the company grow to new heights.
About the Global Banking & Finance Awards
The Global Banking & Finance Awards honour businesses dedicated to excellence in particular areas of expertise in the finance industry. The awards recognize achievement, challenge, progress and inspirational change in global finance. Global Banking & Finance Review is a leading online and print magazine, which has evolved over the years. Global Banking & Finance Review has objective and respected editorial contributions from all major sectors, such as Banking, Technology, FOREX Trading, Asset Management, Corporate Governance, Islamic Finance, Project Finance, Mergers and Acquisitions, Tax, and Accounting and Inward Investment; all under one global umbrella. For Further Information, please visit www.globalbankingandfinance.com
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