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AON Credit Solutions Austria
5. September, 2019
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Agenda
01 Some background
02 About Credit Insurance
03 Why Aon
No.1 Global trade credit broker
in terms of premium placement
Managed global premiums of $800m
500+ people
102 locations
57 countries
AON Credit Solutions – some background
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What is credit insurance
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Goods / services on credit terms
Insurance
Payment for goods / services
Receivables finance
Risk analysis
Ben
efic
iary
Credit insurance protects your business from the impact of bad debts or customer insolvency
Bank(finance)
Seller(insured)
Creditinsurer(insurer)
Buyer(risk)
Premium
*Optional
Benefits of credit insurance
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Protected from bad debt
Enhances working capital
Embeds credit management
discipline
Empowers business growth
Benefits of credit insurance
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• Protects from bad debt
Identifies potential losses
Access to key credit risk analysis from the insurers on company, sector, and political risk gives invaluable insight to assist in avoiding losses
Indemnification transfers risk to insurer
Credit insurance removes the credit risk from your balance sheet which improves your margin and bolsters your P&L
Reduces bad debt provision
As potential losses are covered, you can reallocate excess bad debt provision as working capital
Peace of mind
Sleep well while your ass is covered
Benefits of credit insurance
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• Enhances working capital
Facilitates access to finance
Having credit insurance can increase your credit rating giving access to improved and more economical levels of finance
Quick Indemnification
Quick indemnification ensures benefits towards debt collection and insolvency procedures
Benefits of credit insurance
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• Embeds credit management disciplines
Reinforces credit management processes
Disciplines within a credit insurance police support best practice and sound credit management processes, reinforcing and enhancing your existing procedures
Access to credit risk expertise and analysis
Support is available for setting credit limits on your customers, and, in the event of a claim, the management of recoveries and salvage
Third Party Opinion
A third opinion from a professional can change perspective of internal clashes between sales and risk perspectives
Benefits of credit insurance
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• Empowers business growth
Access to new markets whilst maintaining control
The enhanced credit management processes reinforced by credit insurance allow you to safely extend in existing and new or developing markets
Enables companies to extend creditterms
As your shipments are covered, the fear of “not getting paid” is removed meaning you can offer extended payment terms to customers giving you a competitive edge in your market
Heightened level of credit risk factors
High debts in the past // Low Margins Need of Finance // Replace L/C businessReplace Credit Agency // Weak Credit ManagementStock listed // Improve Credit Worthiness
Economic
hotspots
Geo-political
volatility
Credit
influencers
Access to finance
and credit
Globalisation
New Markets
Why Aon?
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Resource and footprint
Insighttools
Service methodology
Programme design
Productsuite
Marketleverage
Our Role
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Our Client promise
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Aon Client Promise is Aon's globally consistent value and service delivery methodology that ensures every client receives the best customised risk advice and brokerage services in the industry regardless of their geography, industry or market segment
ConsultingEnhancing your business performance
PlacementOutperforming
the market
ServiceUnmatched service delivery
Summary slide
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• Understanding
• Risk profiling
• Expert advice
• Cover optimisation
• Market selection
• Our position
• Proposition
• People
• Global reach & consistency
Ansprechpartner
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Dr. Elisabeth Poschauko
Head of Credit Solutions
Aon Jauch & Hübener GmbH
Schwarzenbergplatz 3
A-1010 Wien
_____________________________
T:+43 (0)5 7800 – 322
Jennifer Podrepsek
Senior Broker Credit Solutions
Aon Jauch & Hübener GmbH
Anzengrubergasse 6/2
A-8010 Graz
__________________________
T:+43 (0)5 7800 – [email protected]
Christian Holzapfel
Senior Broker Credit Solutions
Aon Jauch & Hübener GmbH
Schwarzenbergplatz 3
A-1010 Wien
_____________________________
T:+43 (0)5 7800 – [email protected]
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Any Questions?
