Euler Hermes

World Agency

Global Default

Insurance

Mike Reynolds – EH

Paul Cutler – Aon

Ian Watts – Marsh 11th May 2017

2

Trade Credit Insurance as the base for

Global Default Insurance (GDI)

sells Airline tickets

3

Euler Hermes Key Statistics

� 55,000+ Clients worldwide

� €2.6 billion Consolidated turnover

� #1 player in trade credit insurance 34% market share globally

� €883 billion Business transactions protected worldwide

� Monitoring over 40 million companies representing

� 5,900+ Employees worldwide, including 1,130 risk experts

� 19,500 Credit limits requests received per day

� 87% of credit limit requests processed in less than 48 hours

� 1,700 Claims indemnified per week

� 380,000+ Debt collections handled in more than130 countries

4

GDI gives the airlines confidence

GDI gives

a central point for IATA to monitor

the Financial Security

SimplicityEasy to access, rapid response,

simple documentation, all financial flows

managed via IATA

Claims will be paid in a

professional and

speedy fashion

EH Rating by Standard & Poor’s

and Dagong Europe

Euler Hermes has a long

trusted and proven

track record in working with brokers

100% of financial security is covered

GDI will recover 100% of insured amount

AA-

transfers risk from IATA

5

GDI for Airline members

enables growth through identification of good quality credit risks

increases certainty of recoveries in the event of agent default

travel agent does not need to provide any form of collateral

delivers consistency and efficiency

GDI simplifies the documentation process

6

Global Default Insurance Benefits

NewGen ISS

A credit management tool which will enhance the NewGen ISS upon introduction

IATA

Greater level of global control, transparency and consistency, reducing administration

Airline Members

Increased Simplicity through single provider and financial flows managed via IATA

Travel Agents

Streamlined Process for all agents applying for Financial Security

Benefits through economies of scale

7

Global Default Insurance in Action

Available in 15 countries as of May 22nd

May 22nd

Belgium

France

Finland

Iceland

Italy

Netherlands

Norway

Poland

Spain

Austria

Denmark

Germany

Sweden

UK

Ireland