Photo by Aymanejed from Pixabay

Allianz Trade expands excess of loss team in APAC

The company expects businesses to demand more support and protection in 2023.

Allianz Trade, a global trade credit insurer, is expanding its growth in Asia Pacific (APAC), Germany, Spain, and Brazil by adding new team members to build upon the success of its Excess of Loss (XoL) teams in the UK and US.

Allianz Trade is fast-tracking the progress of its XoL division by investing not only in new markets that have a genuine demand for this solution but also in the operational aspect of the XoL division, selecting markets carefully.

Allianz Trade anticipates that in 2023, due to the rise in ruination and the resulting global economic slowdown, businesses will require more support and protection against unforeseen significant losses.

ALSO READ: Demand for risk insurance in Asia 'steady' in 2023: Marsh

This implies allocating more resources in APAC and Germany, where the company is already offering XoL solutions, and establishing new XoL teams in Spain and Brazil, thereby expanding its global reach for this type of solution.

Presently, the XoL solution covers more than 300 companies, protecting balance sheets from exceptional credit losses. The XoL also boosts balance sheet efficiency on the back of a company’s existing credit management system and features non-cancellable limits.

XoL caters to medium to large corporates and provides non-cancellable limits to safeguard against catastrophic incidents during the most unpredictable economic periods. It covers insolvency, protracted default, and political risk.


Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

"not in top classification"
array:1 [
  0 => "28695"

Top News

Life insurance revenue down in Q1, claim payments up
The Indonesian life insurance market recorded 87.54 million individuals insured in the first quarter.
Virtual insurer surpasses HK$60b sales in four years
This made the virtual insurer top rank in direct sales channels in terms of policies sold.
Sun Life Hong Kong introduces eSunPro
The platform will be exclusive to Sun Life Hong Kong clients who can avail of assistance for treatments and recovery.