( Cardiff, January 26th 2010)

 

Leading trade credit insurer Atradius has reinforced the need for a clear exchange of information between stakeholders to strengthen the UK’s business economy and expedite recovery. The insurer has launched a new set of information sharing initiatives to help policyholders. These build upon last year’s industry-wide call for businesses to provide transparent, up-to-date trading information instead of trying to rely on historically filed accounts to inform their trade decisions.

 

Marc Henstridge, Head of risk services for Atradius UK and Ireland says,

“The efforts of our underwriting teams in obtaining up-to-date information have had a dramatic impact in enabling Atradius to underwrite over £1 bn of additional cover in recent months, including both new credit limits and the reinstatement of formerly withdrawn cover. If we want to expedite economic recovery, all businesses need to build on upon this new, open culture to help facilitate trade.”

 

As a further development to support this, Atradius has launched a dedicated mailbox, This e-mail address is being protected from spambots. You need JavaScript enabled to view it to make provision of information as simple and direct as possible. The mailbox enables businesses to submit their latest management accounts and other relevant information directly to underwriters by e-mail with a guaranteed outcome within 5 working days of submission of the information.

 

The second initiative is sector-led and builds upon the regular sector-specific reports already published by the insurer. The Atradius ‘Trade Sector Webinar Series’, will feature the latest information on key trade sectors, sharing views from an expert underwriting team and specially invited sector guests to ensure that policyholders can benefit from the best possible information to inform their decision making. These guest-hosted quarterly events will be broadcast online – please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it if you are interested in receiving an invitation.

 

Shaun Purrington, Regional Director of Atradius UK and Ireland says,

“Atradius has always prided itself on an unrivalled, open, dialogue with customers – using their information to supplement our own and obtain greater accuracy in our underwriting whilst reciprocating by providing top quality information to our policyholders to inform their own business decisions. We are continually seeking additional ways to help keep businesses safe, and these initiatives have been devised with precisely that in mind.”

 

ENDS

 

 

Notes to editors

About Atradius:

Atradius provides trade credit insurance, surety and collections services worldwide, and has a presence in 40 countries. Its products and services aim to reduce its customers’ exposure to buyers who fail to pay for the products and services customers purchase. With a 31% share of the global trade credit insurance market, its products contribute to the growth of companies throughout the world by protecting them from payment risks associated with selling products and services on credit. With over 150 offices, it has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily. For information about Atradius products and services visit www.atradius.com

 

 

Further information: 

Atradius Corporate Communications 

Jo Aaron

Tel: 02920 824873 / 07768 233338

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it