Export expert Atradius will provide Welsh businesses with extensive trading insights as part of its new Corporate Partnership with Chambers Wales.
Headquartered in Wales, trade credit insurer Atradius offers a vital lifeline to businesses by paying out claims in the event of non-payment such as due to default, insolvency or late payment. With non-payment of invoices the single biggest trading risk and a forecast surge in insolvencies ahead, credit insurance has become an indisputable essential for any business. However, while claims pay-outs are at the core of Atradius’ service, we offer so much more.
The coronavirus pandemic has disrupted the global trade environment and created uncertainty over the future outlook. As a result, risk mitigation must be at the heart of a business’ trade strategy. The need to source accurate, up-to-date information on buyers as well as on the wider economy has never been more important to effectively assess and navigate risk. As a trade partner, Atradius provides businesses with real-time intelligence on thousands of buyers around the world, unrivalled insights into global markets from on-the-ground experts with decades of experience. Atradius supports businesses on every step of their journey to develop comprehensive and robust trade, credit and risk management strategies enabling businesses to make the right trading decisions; mitigating risk and seizing opportunities for growth.
In partnership with Chambers Wales, Atradius is looking forward to working closely with Welsh businesses, offering a comprehensive range of insights into markets around the world alongside guides to exporting overseas.
Tanya Giles, head of SME business at Atradius UK, commented:
“Atradius has an exceptional worldwide track record as a global leader in trade credit insurance but all of this in on your doorstep. We’re proud to be headquartered here in Wales as a major Welsh financial services employer and at the forefront of industry. We also understand the nuances and needs of regional SMEs who cannot afford to stand still amidst sustained economic change.
“While the expectation is for recovery, uncertainty continues to cloud the path ahead which makes the risk of trading even more acute. However, equipped with the right tools, knowledge and protection, businesses will be well prepared to weather the storm. We’re looking forward to engaging with regional businesses to support them to not only survive but thrive, no matter what the future brings.”
Atradius is a global provider of credit insurance, bond and surety, collections and information services, with a strategic presence in over 50 countries. The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at https://atradius.co.uk