Brokerslink, a global broking company, has announced the launch of a dedicated Trade Credit Insurance (TCI) practice.
The firm, known for its extensive network of independent brokers, aims to enhance its service offerings through this new initiative.
The decision to launch the new TCI practice was driven by increasing demand from Brokerslink’s worldwide network. A recent survey within the network revealed that 75% of brokers were interested in expanding into Trade Credit Insurance.
Among these brokers, half identified existing accounts in their regions that required international support, which Brokerslink is well positioned to provide.
The new TCI practice will offer the company’s Partners and Affiliates access to a collective pool of expertise in the Trade Credit sector.
This will enable brokers to enhance their propositions to clients, both locally and for multinational business. Additionally, the practice aims to increase access to credit and surety capacity and create new opportunities for international business and market access.
Furthermore, the TCI practice will be managed by five regional ambassadors: Miguel Carranza from Alliant for the Americas, Phillip Krinker from MDS Group for LATAM, Frantz Bouchereau from Filhet-Allard Credit for Europe, Amine Bengraiou from Alpha Assurances for Africa, and Dongmin Lee at LK Insurance Services for APAC.
The launch of this practice is part of Brokerslink’s ongoing strategy to share niche market expertise and facilitate cross-border collaboration and growth. This follows the success of other initiatives such as the Employee Benefits practice, launched last year.
Phillip Krinker, Executive Director, CredRisk Seguros (part of the MDS Group), commented on the news, “The trade credit insurance market already sees global premiums in excess of $11bn with an annual growth rate in the region of 10-30%. Whilst the sector is currently dominated by large corporates in Europe and Asia, the opportunities globally are substantial.
“We’ve recognised this opportunity and responded to the demand coming from the network. The new TCI Practice has been designed to facilitate knowledge transfer between brokers, share best practices and help them bolster their propositions.”
Brokerslink Chairman José Manuel Fonseca added, “Our latest dedicated knowledge hub will share the immense wealth of specialist knowledge we have across our broking community. This, along with our Employee Benefits and Risk Management practices, allows us to pool this knowledge for the mutual benefit of our network.”
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