Trade Credit Insurance Products Robert Nijhout 1 About ICISA ● Founded in 1928 (as ICIA) first credit insurance association  ● Registered under Swiss Civil Code ● Name changed in 2001 ● Secretariat based in Amsterdam ● Activities: Networking: Meetings, Conferences, Workshops  Advocacy & Media Relations  Marketing  Market Research – data collection  Education & Training (STECIS Training Academy)  2 ICISA Members – 48 Members Afianzadora Latinoamericana Hannover Re Allianz SE HCC International Askrindo ICIC Aspen Re Lombard Insurance Company Atradius Mapfre Caución y Crédito AXA Assurcredit Mitsui Sumitomo AXA Winterthur Munich Re AXIS Re Nationale Borg Catlin Re Novae CESCE PartnerRe China National Investment & Guaranty PICC Property and Casualty Company CLAL Credit Insurance PRISMA Coface R+V COSEC QBE Credit Guarantee SACE BT Ducroire | Delcredere SCOR Global P&C SE ECICS Seoul Guarantee Insurance Company Euler Hermes SID-First Credit Fianzas Atlas Sompo Japan Fianzas Monterrey Swiss Re Garant Tokio Marine & Nichido Fire Insurance The Guarantee Company of North America Tryg Garanti Groupama Assurance-Crédit Zurich 3 Organisation Accounting & Regulatory Committee Committee of Underwriters Committee on Management Credit Insurance Committee Issues Secretariat President Asia Sub-Committee Vice-President Management Committee Single Risk Committee Executive Director Communications Contact Solvency II Expert Group Surety Committee Network Crisis Team 4 Meetings • Annual General Meeting (AGM) (June) • Spring Meetings (March) • Autumn Meetings (September) (technical committee meetings) • Project Meetings • Ad Hoc Meetings 5 ICISA Membership Structure Membership Credit Insurance Companies  (= >95% of private c.i. market) Surety Companies  Reinsurance Companies  32 Credit Insurance  34 Surety  14 Reinsurance  Credit Surety Reins. 6 ICISA Members Geographical Spread 7 Association Networking ● AMAN UNION 2 shared members ● ALASECE 4 shared members ● BERNE UNION 7 shared members ● PASA 22 shared members ● SFAA 6 shared members 8 Advocacy Partners • European Union: • European Commission • EIOPA • ECB • Insurers of Europe • IASB • ICC • OECD • World Bank • UNCITRAL • Media 9 Types of Cover 10