Euler Hermes France

What Euler Hermes France does

Euler Hermes France operates under the Allianz Trade brand as a regulated credit insurance and risk management provider headquartered in La Défense, Paris. Its core offering combines assurance-crédit (trade credit insurance against unpaid receivables), cautions and financial guarantees (surety bonds for contractual and legal obligations), fraud insurance covering internal, external, and cyber fraud, and professional insurance products tailored to specific trades. Underlying these insurance products is a digital platform stack including the Allianz Trade Online customer portal, TradeScore business rating platform (covering 289 million businesses across 160+ countries), Eolis and Portail Courtiers for brokers and business introducers, and an API Developer Portal enabling enterprise integration. The company is positioned as the French subsidiary of Allianz Trade within the global Allianz Group.

The business operates a multi-channel go-to-market: enterprise field sales through dedicated advisors for ETI and multinational clients; a broker/introducer network for PME and ETI; digital self-serve via Allianz Trade Online and TradeScore for TPE and SMB; and API integrations for enterprise treasury and ERP workflows. Pricing is quote-based and risk-adjusted by turnover, sector, and exposure, with revenue generated through recurring annual premiums across credit insurance, bonds, fraud, and professional lines, supplemented by debt collection (recouvrement de créances) and rating services. Customer segments span TPE through multinationals, with sector specializations in BTP, Transports, Agroalimentaire, Commerce de gros, and E-commerce B2B, plus an export-focused offering for French companies selling internationally.

The company carries an AA credit rating from Standard & Poor's and self-reports a global franchise of 75,000+ clients. Recent strategic emphasis is on ecosystem partnerships (notably Mastercard in June 2026 for business travel payments), digital self-serve expansion, and B2B e-commerce coverage, while operating under the rebranded Allianz Trade identity that unified the former Euler Hermes services globally.

Name

Euler Hermes France

Legal name

Euler Hermes

Website

https://eulerhermes.fr

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Euler Hermes France (operating as Allianz Trade) is a Paris-based credit insurance and risk management provider offering trade credit insurance, surety bonds, fraud insurance, and professional insurance to French businesses from micro firms to multinationals, distributed via advisors, brokers, digital portals, and APIs.

Ownership category

akta.pro rank

Product category

Trade Credit Insurance

NAICS

Insurance Carriers and Related Activities (524), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Insurance Carriers, Nec (6399)

akta.pro primary industry

Customs & Excise Bonds (FSAJAIAH)

akta.pro secondary industry

Customs Bonds & Guarantees (Surety Bonds, Bank Guarantees) (TLACAFAE)

Keywords

• Trade credit insurance
• Surety bonds
• Fraud insurance
• Business credit ratings
• Receivables management

Headquarters

HQ city

La Défense

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Assurance-crédit (Credit Insurance): Credit insurance premiums charged to businesses to protect against unpaid commercial debts and receivables. Policies are typically annual contracts with recurring premium payments based on covered turnover and risk profiles.
2. Cautions et Garanties (Bonds & Guarantees): Bond and guarantee products where Allianz Trade commits to cover beneficiaries in case of contractual default or non-compliance with legal obligations. Revenue generated through issuance fees and annual guarantee premiums.
3. Assurance Fraude (Fraud Insurance): Insurance products protecting businesses against internal fraud, external fraud, and cyber fraud risks. Generates recurring premiums with indemnification coverage in case of verified fraud incidents.
4. Assurance Professionnelle (Professional Insurance): Professional insurance solutions tailored to specific business needs and sectors to protect activities and assets. Revenue through annual premium subscriptions.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Euler Hermes France, operating under the Allianz Trade brand, is a credit insurance provider that protects businesses against unpaid commercial receivables, insolvency, and fraud. Its core offering combines Assurance-crédit (credit insurance) and Cautions & Garanties (surety bonds and financial guarantees) with supplementary fraud insurance, professional insurance, credit rating services (Notation & Bilan / TradeScore), and debt collection. Distribution combines dedicated advisors, digital self-service portals, and a broker partner network for businesses of all sizes across France and export markets.

Product overview

Euler Hermes France operates under the Allianz Trade brand as a leading provider of credit insurance and risk management solutions. The offering consists of a unified platform combining core credit insurance products with supplementary modules for fraud protection, professional insurance, and debt collection services. The core products include Assurance-crédit (credit insurance protecting against unpaid debts) and Cautions & Garanties (bonds and financial guarantees), supported by add-on modules such as Notation & Bilan (credit ratings), Assurance fraude (fraud insurance), and Assurance professionnelle (professional insurance). Additional platforms including TradeScore (rating management), Allianz Trade Online (contract management), and Eolis (broker portal) provide digital access to these services. The company also offers specialized solutions for e-commerce B2B and debt collection services, all accessible through API developer portals for enterprise integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance-crédit (Trade Credit Insurance) Credit insurance that protects businesses against the risk of unpaid debts by covering and indemnifying them in case of non-payment of commercial receivables. Targeted at French businesses of all sizes (TPE, PME, ETI, Multinationales) and export-oriented companies across sectors including BTP, transport, agroalimentaire, wholesale, and B2B e-commerce.
• Cautions & Garanties financières (Surety Bonds & Financial Guarantees) Surety bonds and financial guarantees that commit Allianz Trade to cover beneficiary partners in case of contractual default or non-compliance with legal obligations. Includes market bonds (bid bond, advance payment return bond, performance bond, retention guarantee), payment guarantees (subcontractor payment bond, commercial lease bond, completion financial guarantee), and legal bonds (customs bond, temporary work bond, agri-food bonds, primeur wine bonds, environmental bond).
• Assurance Fraude (Fraud Insurance) Fraud insurance that protects businesses against internal fraud, external fraud, and cyber fraud risks, providing indemnification in case of verified incidents. Targeted at companies exposed to financial crime, social engineering, or cyber-enabled fraud.
• Assurance Professionnelle (Professional Insurance) Professional insurance solutions adapted to specific trades and industries to protect business activities and assets. Targeted at French businesses needing sector-tailored professional liability and asset coverage.
• Notation & Bilan (Credit Rating & Financial Statement Service) Credit rating and balance sheet service enabling businesses to purchase Allianz Trade ratings, check their own ratings, and submit financial statements for assessment. Underpinned by data on 289 million businesses worldwide.
• Recouvrement de créances (Debt Collection) Debt collection services to help businesses recover unpaid commercial receivables, complementing the credit insurance offering by supporting out-of-court and amicable recovery actions.
• Assurance-crédit E-commerce B2B (B2B E-commerce Credit Insurance) Credit insurance specifically designed for B2B e-commerce businesses to protect against payment defaults, digital buyer verification risks, and cross-border online transaction defaults.
• Assurance-crédit Export (Export Credit Insurance) Export credit insurance for French companies exporting goods and services, providing protection against international buyer defaults and political risk in foreign markets.
• TradeScore Platform Online platform enabling businesses to check and manage credit ratings and trade risk assessments, backed by data on 289 million businesses across 160+ countries.
• Allianz Trade Online (Customer Portal) Customer self-service portal for managing credit insurance contracts, policy details, claims, and document access, available 24/7 for existing and prospective customers.
• Eolis (Broker & Partner Portal) Online portal for brokers and business partners to manage insurance operations, client services, and partnership workflows on behalf of customers.
• API Developer Portal API developer portal enabling third-party integrators to build applications using Allianz Trade services and data for automated workflows and data exchange.

Quantifiable outcome

• 75,000+ clients protected worldwide
• +2 more outcomes

Segments10 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• MastercardcoreStrategic or Co-development Partner · 30 June 2026Allianz Trade announced partnership with Mastercard on June 30, 2026 to better support business travel payment management. The collaboration aims to enhance payment experiences related to business travel through integrated solutions leveraging both companies' capabilities in trade finance and payment processing.
• AllianzflagshipStrategic or Co-development PartnerAllianz Trade is part of the global Allianz Group and participates in the worldwide Olympic and Paralympic partnership. The company supports promising athletes with mentorship, career opportunities, and insurance solutions while leveraging the Allianz brand and global infrastructure.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Zurich Insurance: Global P&C and specialty insurer offering commercial credit and surety products, competing for multinational clients and cross-sell into Swiss/EU corporates.
• Allianz: Parent group of Allianz Trade / Euler Hermes and a top-3 global insurer with broad P&C, life and asset management lines. Comparable as the ultimate parent providing capital, brand and distribution leverage underlying Euler Hermes France.
• Munich Re: World's largest reinsurer, providing reinsurance capacity to credit insurers including Euler Hermes, and a structural counterparty in credit insurance underwriting cycles.
• AXA: Major French-headquartered global insurer with P&C, life and commercial credit offerings. Competitor for larger enterprise risk bundles and adjacent in the French commercial market.
• Swiss Re: Global reinsurer active in trade credit reinsurance; comparable as upstream capital provider in the credit insurance value chain and broader specialty insurance peer.

Direct peers

• Atradius: Global trade credit insurer with comparable product suite (credit insurance, surety, collections, business information) competing head-to-head for multinational and mid-market clients across Europe. Closest global scale competitor.
• Credendo: Belgian-headquartered European credit insurer offering trade credit insurance, surety and credit information; competes for similar mid-market and large corporate clients across the EU, with comparable underwriting and broker distribution models.
• Coface: France-headquartered direct competitor in trade credit insurance, also serving French SMEs, ETIs and multinationals with similar product sets (credit insurance, surety, business information). Most directly comparable peer given shared French roots and overlapping client base.

Emerging players

• Moody's: Global credit ratings and analytics provider with growing exposure to B2B commercial credit intelligence. Adjacent comparable as both compete to monetize business credit data for enterprise buyers.
• S&P Global: Provider of business credit ratings and risk data (including through Trade Credit Insurance solutions). Comparable on the data/analytics side where Allianz Trade's TradeScore competes for B2B credit intelligence buyers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eulerhermesFR

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Euler Hermes France