Allianz Trade

What Allianz Trade does

Allianz Trade is the trade credit insurance arm of Allianz Group, operating under the legal entity Euler Hermes SA and headquartered in Paris. It is the self-described global leader in trade credit insurance, serving approximately 75,000 clients that range from SMEs and mid-market companies to multinationals with turnover above EUR 300 million and to banks and financial institutions, across more than 50 countries. Its core product indemnifies buyers against non-payment of B2B receivables due to insolvency, protracted default or political events, at premiums typically below 0.5% of covered turnover. Around this core book it has built adjacent lines in surety bonds and guarantees (approximately EUR 50 billion of bonding capacity issued annually to ~14,800 clients), business fraud insurance, specialty credit and political risk for mid- and long-term transactions, debt collection (340+ specialists in 145+ countries clearing 130,000+ debts per year), and the newer Allianz Trade pay B2B BNPL/credit and e-commerce proposition.

The technical backbone is the proprietary Predictive Intelligence Network, which daily monitors 289 million corporations in 160+ countries and feeds the Allianz Trade Grade 1-10 default-likelihood score. This dataset is exposed both through the customer-facing Allianz Trade Online portal and through public APIs (developers.allianz-trade.com), with ERP and CMS plugins that embed credit decisions and onboarding into partners' systems. The company combines AI-driven predictive analytics and fraud anomaly detection with human risk analysts to underwrite policies, and pursues generative AI applications for the trade credit insurance workflow. Distribution runs through direct enterprise sales, a global broker channel, embedded bank partnerships (more than 100 banks globally including HSBC, BNP Paribas, BPI and Unicredit), regional JVs (Solunion with MAPFRE, CPPIC in China, ICIC Israel, COSEC Portugal, Acredia Austria) and fintech integrations (TreviPay, Klear, Payever, Orocommerce, FundPark).

Revenue is not publicly disclosed but is implied to be in the multi-billion-euro range, consistent with Allianz Group's overall trade credit segment scale. Capital strength is supported by an AA Standard & Poor's rating backed by Allianz, and Allianz Trade added an EcoVadis Gold Medal (top 2% globally) in 2025 alongside Allianz's recognition as the world's most valuable insurance brand in Interbrand 2025. Customer concentration is diluted across tens of thousands of accounts; growth is driven by geographic fill-in (e.g., Vietnam 2025), product extensions (Green2Green surety, Social2Social specialty credit, offline BNPL), and distribution agreements with multilateral and fintech counterparties.

Name

Allianz Trade

Legal name

Euler Hermes SA

Website

https://allianz-trade.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Allianz Trade, the trade credit insurance arm of Allianz Group, is the global leader in trade credit insurance, surety, debt collection, fraud insurance, and B2B e-commerce credit, serving 75,000+ SMEs, mid-market firms, multinationals, banks, and brokers across 50+ countries.

Ownership category

akta.pro rank

Product category

Trade Credit Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Surety Insurance (6351), Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Trade Credit Insurance Brokerage (FSAEADAL)

akta.pro secondary industries

Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB), Customs & Excise Bonds (FSAJAIAH), Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

Keywords

• Trade credit insurance
• Surety bonds
• Debt collection services
• Business fraud insurance
• Credit risk management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Trade Credit Insurance: Core revenue stream providing insurance against non-payment of B2B receivables. Premiums are calculated as a percentage of turnover or as a fixed price per turnover class. In many cases, premiums are less than 0.5% of turnover. The product indemnifies losses when customers fail to pay due to insolvency, protracted default, or political events.
2. Surety Bonds and Guarantees: Financial guarantees supporting contractual obligations. Allianz Trade issues bonds including contract surety (bid, payment, performance, supply, maintenance), commercial surety (court, license, tax, workers' compensation), and Green2Green surety bonds for sustainability projects. The company provides bonding facilities worth around €50 billion annually to approximately 14,800 clients.
3. Business Fraud Insurance: Coverage against financial losses from fraudulent or unlawful actions of staff, contractors, and criminals. Covers both internal fraud (theft, embezzlement, sabotage) and external fraud (CEO fraud, payment diversion, fake buyer fraud). Premiums are tailored to company size, budget, and risk profile.
4. Allianz Trade pay (B2B BNPL and E-commerce Credit): Payment solution for B2B e-commerce including trade credit insurance protection, online fraud risk management, digital buyer onboarding, automated dunning, reconciliation, and instant financing. Revenue derived from transaction fees on BNPL arrangements and credit insurance premiums on e-commerce transactions.
5. Specialty Credit and Political Risk: Customized solutions for mid to long-term commercial and political risks including single transactions, structured deals, receivables financing protection, and political risk coverage for multinationals and financial institutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Allianz Trade provides trade credit insurance that insures B2B receivables against non-payment due to customer insolvency, protracted default, or political events, typically at premiums less than 0.5% of insured turnover. The company complements its core insurance product with surety bonds and guarantees (~€50 billion in annual bonding facilities for ~14,800 clients), business fraud insurance, B2B e-commerce payment and BNPL solutions (Allianz Trade pay), specialty credit and political risk for multinationals and financial institutions, debt collection services (340+ professionals in 145+ countries), and standalone credit information products (Allianz Trade Grade Check) backed by monitoring of 289 million corporations across 160+ countries.

Product overview

Allianz Trade is a comprehensive financial services platform offering trade credit insurance as its core product, supplemented by a portfolio of interconnected risk management and payment solutions. The product ecosystem includes: Trade Credit Insurance (core platform protecting receivables against bad debt), Surety Bonds and Guarantees (contractual obligation protection with Green2Green sustainability variant), Business Fraud Insurance (protection against internal and external fraud), and Allianz Trade pay (B2B e-commerce payment solution with BNPL capabilities). Supporting products include Allianz Trade Grade Check (standalone credit information), specialty credit solutions for financial institutions, World Program for multinationals, mid-size multinational solutions, debt collection services (340+ professionals, 145+ countries, 130,000+ collections annually), and research products (Country Risk Atlas, Collection Complexity Score). The platform is backed by AA credit rating from S&P and leverages AI for predictive risk scoring across 289 million monitored businesses. The architecture operates as an integrated platform with modular add-ons, unified by a proprietary intelligence network and API developer portal enabling enterprise integrations.

Differentiator

Problem solved

Functional benefit

Brands

• Green2Green Surety Bonds: Surety bonds that enable delivery of low-carbon technology projects, supporting the economy's transition to net-zero. The product empowers companies to engage in renewable energy and low-carbon projects by issuing surety bonds that ensure successful execution.
• Allianz Trade Pay
• Allianz Trade Grade Check
• World Agency
• Cover One
• Cover Lease

Products and services

• Trade Credit Insurance Core insurance product protecting business account receivables against non-payment by customers due to insolvency, protracted default, or political events. Enables companies to offer B2B credit terms with confidence by insuring trade receivables due within 12 months.
• Surety Bonds and Guarantees Contractual guarantee products protecting against non-performance of specified obligations. Includes contract surety bonds (bid, payment, performance, supply, maintenance) and commercial surety bonds (performance, court, custom, license, tax). Allianz Trade is European market leader with bonding facilities worth around €50 billion annually to approximately 14,800 clients.
• Business Fraud Insurance Insurance covering a company's losses from fraudulent or deliberate unlawful actions of staff, contractors, and criminals. Also known as Fidelity Insurance, it covers internal fraud (theft, embezzlement, sabotage) and external fraud (CEO fraud, payment diversion, identity theft, social engineering).
• Allianz Trade pay B2B e-commerce payment solution providing trade credit insurance protection, online fraud risk management, digital buyer onboarding, automated dunning processes, reconciliation, and instant financing through financial institution partners. Protects B2B e-merchants from customer insolvency, fraud, and inability to pay, and was extended in 2025 to offline brick-and-mortar transactions.
• Allianz Trade Grade Check Standalone credit information product providing real-time access to the Allianz Trade Grade (1-10 scale rating indicating likelihood of business partner defaulting within 12 months). Accesses financial data for companies in key European markets, provides 360-degree economic risk views through country and sector assessments, and enhances prospecting with supplier creditworthiness details. Available on demand or as part of a package via Allianz Trade Online or directly through ERP-integrated APIs.
• Trade Credit Insurance for Mid-Size Multinationals Tailored trade credit insurance solution for globally operating medium-sized companies with annual turnover of €100-300 million and affiliated companies in at least two countries. Offers transparent multi-language contracts, simplified central negotiation at headquarters, and monitoring of payment behavior for 85 million companies in 160+ countries.
• Broker Partnership Solutions Trade credit insurance and trade-related insurance solutions designed for broker partners, including surety bonds, debt collection, trade credit risk, political risk, credit management, and business fraud insurance. Provides brokers with expert solutions, AA-rated financial solidity, risk analysis, global business network, and predictive analytics to differentiate as consultative partners.
• Specialty Credit Customized solutions to mitigate mid to long-term commercial and political risks for corporate, trade, and project financing. Covers trade finance (letter of credit, guarantees, bank facilities), corporate finance (revolving credit facilities, term loans), and structured finance (export, commodity, project, asset finance).
• Specialty Credit Social2Social Specialty credit product designed to accelerate support for projects with positive social impact. Launched in January 2026 under the Specialty Credit line.
• World Program for Multinationals Global credit risk management solution for multinational corporations operating across 2+ countries with business turnover over €300 million. Provides value chain protection, receivable financing, payables financing, and trade receivables securitization support under transparent multi-language contracts negotiated at headquarters level.
• Cover One Bespoke medium-term cover solution for single contracts protecting a client's earnings and profitability. Features structured assignment of receivable for capital relief, with financing party involvement for mid-term business transactions.
• Cover Lease Insurance for movable goods leasing contracts protecting against non-payment of installments under leasing agreements. Provides non-cancellable coverage up to 5 years, enabling preservation of profitability and improved financing conditions for leasing operations.
• Factoring and Capital Relief Solutions Protection against non-payment of purchased receivables in factoring operations. Can be portfolio-based, single supplier, or selective portfolio approach. Enables non-recourse financing and unlocks potential for risk-weighted asset optimization.
• Investment Partners Solutions Co-lending and alternative private debt investment services focusing on senior loans in project, structured trade, export, and corporate finance across sectors and emerging markets. Supports originate-to-distribute models and increases borrower capabilities.
• Customs and Excise Bonds Surety bond solutions enabling importers to defer Customs and Excise payments and preserve liquidity. Helps businesses adapt to changing tariff policies and manage possible tariff shifts with flexibility.
• Green2Green Surety Bonds Specialized surety bond product supporting low-carbon technology projects. Commits to hold investments equal to or greater than the upfront payment related to the policy in certified green bonds (consistent with ICMA Green Bond Principles), enabling delivery of sustainable infrastructure while providing full-circle benefit for sustainable growth.
• Country Risk Atlas Annual flagship report assessing economic outlook, risks, and opportunities across 83 countries representing approximately 94% of global GDP. Provides country credit ratings to plan and manage international trade.
• Collection Complexity Score Annual assessment of debt collection ease globally. 2026 edition covers 52 economies representing 90% of global GDP and global trade. Provides a simple scoring system for how easy it is to collect debt around the world.
• Debt Collection Services Professional debt collection services with over 340 collections professionals operating in 145+ countries. Collects 130,000+ debts per year, helping companies solve late payment problems and concentrate on business growth.

Quantifiable outcome

• Premium for credit insurance typically less than 0.5% of turnover, quickly recouped against average write-offs on receivables
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, flagship, regional and minor.

• KlearcoreGTM or Marketing Partner · 6 April 2026Partnership with Klear in North America to provide credit insurance on receivables from non-investment-grade buyers. Facilitates non-dilutive growth capital for growing suppliers and manufacturers. Collaboration aims to de-risk receivables financing, expand access to institutional investment, and support companies' growth and fundraising efforts.
• World Bank Group / IFCflagshipStrategic or Co-development Partner · 24 February 2026Allianz Trade is one of 19 global insurers participating in the IFC's $6 billion credit insurance facility, the largest mobilization under a single agreement in IFC history. The facility will support up to $10 billion in new IFC lending to commercial banks and financial institutions in emerging markets. This is the fifth transaction under IFC's Managed Co-Lending Portfolio Program, bringing total program mobilization to $15.5 billion.
• TreviPaycoreGTM or Marketing Partner · 2 October 2024Strategic partnership announced on 2 October 2024 to integrate credit insurance into TreviPay's trade credit and invoicing solutions for B2B payments. Collaboration aims to provide enhanced risk management and funding capabilities to businesses worldwide, particularly small to medium-sized businesses lacking extensive credit histories. Allianz Trade gains a referral partner for trade credit insurance clients needing advanced accounts receivable automation technology.
• IFC / World Bank GroupflagshipStrategic or Co-development PartnerAllianz Trade signed a $6 billion credit insurance facility with the IFC, one of 19 global insurers participating. Will support up to $10 billion in new loans to emerging market businesses through commercial banks and financial institutions over three years.
• HSBCcoreChannel Partner/ Reseller/ DistributorGlobal distribution partnership with HSBC, in place since 2010-2014, through which HSBC distributes Allianz Trade credit insurance products to its commercial banking clients globally.
• BNP ParibascoreChannel Partner/ Reseller/ DistributorGlobal distribution partnership with BNP Paribas, established 2010-2014, for distribution of trade credit insurance products to BNP Paribas commercial banking clients.
• BPI (Banque Publique d'Investissement)coreChannel Partner/ Reseller/ DistributorGlobal distribution partnership with BPI (Banque Publique d'Investissement), established during 2010-2014 period, for distribution of trade credit insurance products.
• MAPFRE / SolunionregionalStrategic or Co-development PartnerJoint venture with MAPFRE creating Solunion, which quickly expanded from Spain to Latin America (Argentina, Chile, Colombia, Mexico). Allianz Trade increased its equity stake in ICIC, the Israeli credit insurance specialist, to 50%.
• UnicreditminorChannel Partner/ Reseller/ DistributorPartnership with Unicredit, established in 2016, to provide tailored rating services to European SMEs, extending Allianz Trade's reach within the Unicredit client base.
• China Pacific Property Insurance Company (CPPIC)regionalStrategic or Co-development PartnerJoint venture created in 2016 with China Pacific Property Insurance Company (CPPIC) to expand trade credit insurance offerings in the Chinese market.
• Olympic and Paralympic MovementsflagshipGTM or Marketing PartnerAllianz is the Official Insurer of the Olympic and Paralympic Movements, with Paralympic partnership since 2006 and expanded global partnership beginning in 2021. Covers milestone events: Paris 2024, Milano Cortina 2026, Los Angeles 2028, extending through 2032. Allianz Trade benefits from brand association and visibility across these global sporting events.
• Jannik SinnerminorGTM or Marketing PartnerGlobal tennis star Jannik Sinner and Allianz joined forces with Allianz as official partner of the four-time Grand Slam champion. Partnership strengthened through collaboration with the 'Jannik Sinner Foundation' focusing on empowering children through education and sports. Tennis has approximately 300 million fans worldwide.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Coface: Coface is the most direct competitor — a Paris-headquartered global trade credit insurer offering receivables insurance, debt collection, surety, and credit information products. Operates in nearly identical product categories and customer segments (SMEs, mid-market, multinationals), making it the closest comparable for Allianz Trade's core trade credit insurance book.
• Atradius: Atradius is a top-tier global trade credit insurer jointly owned by Grupo Catalana Occidente and Swiss Re, offering trade credit insurance, surety, debt collection, and credit information. Directly comparable on product breadth, geographic reach, and customer segments served.

Broad incumbents

• Zurich Insurance Group: Zurich is a global multi-line insurer offering trade credit insurance within a broader P&C and life portfolio. While it competes in trade credit through its Credit Insurance unit, it does not specialize in this niche and offers overlapping capabilities as part of a much wider insurance portfolio.
• Munich Re: Munich Re is a global reinsurer that participates in trade credit insurance as a reinsurer and through its specialty insurance subsidiaries. Comparable on underlying risk assumption and data-driven underwriting but does not directly underwrite trade credit at the same scale as Allianz Trade.

Others

• Marsh (Marsh McLennan): Marsh is the world's largest insurance broker, distributing trade credit insurance products (including Allianz Trade) and competing with Allianz Trade's broker channel. Comparable as a distribution intermediary for the same corporate clients seeking credit insurance solutions.
• Aon: Aon is a global insurance broker and risk advisor distributing trade credit insurance among other commercial insurance lines. Comparable as a key distribution channel for trade credit insurance buyers and a potential competing intermediary for Allianz Trade's broker partners.

Emerging players

• Dun & Bradstreet: Dun & Bradstreet provides business credit information, analytics, and monitoring across a global corporate database. Comparable on the data and information-product side (Allianz Trade Grade Check is a direct competitor), though D&B does not underwrite insurance itself.
• Moody's: Moody's is a global credit rating and analytics provider that partners with Allianz Trade (since 2016) to deliver tailored rating services to European SMEs. Comparable on credit analytics, risk data, and information-product monetization, with deeper overlap in the credit intelligence layer.
• CreditSafe: CreditSafe provides commercial credit reports and business intelligence globally, competing with Allianz Trade Grade Check as a credit information product. Comparable on the information-product monetization of corporate credit data.
• TreviPay: TreviPay is a B2B payments and invoicing network with a strategic partnership (Oct 2024) to integrate Allianz Trade credit insurance. Comparable on the B2B BNPL and trade credit infrastructure layer, particularly for Allianz Trade pay.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/allianz-trade
• Xx.com/AllianzTrade

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allianz Trade