Hamburg-based fintech Walbing and the consulting and service group Aon have plans to enter into a strategic partnership to operate a service for syndicated trade credit insurance through the Walbing platform.
Customers who plan to secure their business with trade credit insurance will get an offer for potential insurance cover through the new marketplace.
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The contract will be concluded through One Underwriting Agency, which is a company of the Aon group of companies.
Walbing founder and CEO Jörg Hörster said: “In the midst of the corona pandemic, more and more insurers have withdrawn from trade credit insurance or have significantly reduced their lines.
“Together with Aon, we want to use a digital syndication process to ensure that trade credit insurance is no longer a bottleneck for international supply chains.”
Aon Credit Solutions management team member Dr. Kai Engelsberg added: “We are convinced that customers and insurers alike will benefit from the development of a digital solution for syndicated trade credit insurance.
“With Walbing, we have exactly the right partner at our side with the appropriate expertise in setting up transparent, automated processes. ”
In May this year, Aon teamed up with Catalyst Technologies to strengthen the response against extreme weather-related risk in Australia.
