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LONDON, ENGLAND, May 19, 2023 /24-7PressRelease/ -- Allianz Trade, the global leader in trade credit insurance, has once again been recognized as the Best Trade Credit Insurance Company Asia Pacific at the 2023 Global Banking & Finance Awards®. This marks the seventh consecutive year that the company has received this prestigious accolade, highlighting its commitment to delivering best-in-class service, innovative solutions, and extensive product offerings to its customers across the Asia-Pacific region.
The award showcases Allianz Trade's dedication to providing businesses with the highest level of communication and support through its impressive global network, which monitors over 160 countries. By prioritizing predictive protection, Allianz Trade offers unrivalled global business intelligence, market knowledge, and industry risk analysis, enabling businesses to navigate the challenges of fluctuating market conditions and achieve success.
At time when insolvencies are expected to rise, trade credit insurance has become increasingly vital for businesses. Allianz Trade's extensive range of integrated products and services is designed to support both short- and long-term business goals, contributing to improved financial health and safeguarding cash flow. The company's ongoing investment in cutting-edge technology, such as AI-driven underwriting, has revolutionized the industry and demonstrated its commitment to remaining at the forefront of innovation.
In addition to these achievements, Allianz Trade has been proactive in supporting clients through turbulent times, such as the COVID-19 pandemic and the prolonged conflict in Ukraine. The company's robust risk management and client-focused solutions have set it apart as an industry leader, earning recognition from Global Banking & Finance Review.
Wanda Rich, Editor, Global Banking & Finance Review, said, "Allianz Trade consistently demonstrates its commitment to excellence and innovation, which has led them to become the top choice for businesses in the Asia-Pacific region for seven consecutive years. Their client first approach, combined with their extensive network and adaptability in an ever-changing market, positions them as an industry leader in trade credit insurance."
Speaking of this recognition, Paul Flanagan, Regional CEO at Allianz Trade in Asia Pacific, says, "I am honoured to receive this recognition on behalf of Allianz Trade and our team in Asia Pacific. The world has turned over a new leaf with Covid-19 in rear-view mirror, especially now that China and rest of Asia Pacific are vastly reopened. Apart from strengthening our teams and underwriting capabilities to handle the expected increase in trade volume, we are also adding new products to enrich our services and offering to our customers. For instance, we launched our China-Hong Kong Corporate Solutions platform that provides Chinese companies with bespoke policy terms that cover both domestic sales in China and international exports via ports in all Greater China markets; in view of the rapidly growing B2B e-commerce space, we also launched an innovative E-commerce Credit Insurance that allows e-merchants to offer deferred payment solutions to buyers in real-time with credit risks protected. We continue to stand with our customers to help them navigate through uncertainties and challenging times ahead."
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 that provides 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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