Euler Hermes
Euler Hermes, operating as Allianz Trade, is the global trade credit insurance arm of Allianz Group. It serves over 62,000 customers in more than 200 countries — from small businesses to multinationals — providing credit insurance, surety bonds, fraud cover, debt collection, and export credit guarantees backed by a data asset monitoring 83 million businesses.
- Company typePrivate
- Founded1996
- HeadquartersParis, France
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Euler Hermes does
Euler Hermes, operating commercially as Allianz Trade since a 2022 rebrand, is the trade credit insurance arm of Allianz Group, one of the world's largest insurance conglomerates. Headquartered in Paris and with regional operations including a Budapest office serving Central European markets, the company provides trade credit insurance, surety and guarantee bonds, business fraud insurance, debt collection, and e-commerce credit insurance to small businesses, mid-market enterprises, and multinational corporations across more than 200 countries. It serves over 62,000 customers globally, monitors 83 million businesses for credit risk, and carries an AA Standard & Poor's rating that underwrites its ability to back large export financing facilities.
The company's product architecture is tiered for size of client: Simplicity for small businesses, Corporate Advantage for medium and large enterprises, and Cover One for multinational corporations. Underlying delivery runs through the EOLIS policy and claims management portal, the Allianz Trade Online self-service platform, and an Allianz Trade API that exposes programmatic access to credit insurance data and policy services for partners and developers. Distribution combines direct enterprise sales (large multinationals), an insurance broker channel (mid-market), and digital self-service (SMB and API-based integrations), supported by economic and sector research publications used as a top-of-funnel marketing engine.
The revenue model is dominated by recurring subscription-based insurance premiums across trade credit insurance, surety bonds, and export credit guarantees, with ancillary professional services revenue from debt collection and receivables management. Pricing is quote-based and not publicly disclosed, reflecting risk-pool-driven underwriting economics. In recent quarters the company has extended its export credit guarantee franchise into sizable cross-border transactions, including a EUR 1 billion Enel financing (95% Euler Hermes coverage, July 2026), a EUR 87 million Angolan off-grid solar facility (May 2026), and an A$115 million anchor commitment to a multi-sovereign package for the Nolans rare earth project in Australia (December 2025), underscoring that the underlying business now extends well beyond traditional trade credit into structured export finance.
Euler Hermes firmographics
Firmographics- Name
- Euler Hermes
- Legal name
- Euler Hermes Group S.A.
- Website
- https://eulerhermes.hu
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Euler Hermes, operating as Allianz Trade, is the global trade credit insurance arm of Allianz Group. It serves over 62,000 customers in more than 200 countries — from small businesses to multinationals — providing credit insurance, surety bonds, fraud cover, debt collection, and export credit guarantees backed by a data asset monitoring 83 million businesses.
- Ownership category
- akta.pro rank
Euler Hermes industry classification
Industry- Product category
- Trade Credit Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411), Surety Insurance (6351)
- akta.pro primary industry
- Trade Credit Insurance Brokerage (FSAEADAL)
- akta.pro secondary industry
- Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I) (FSAEADAM)
Keywords
Where Euler Hermes is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Euler Hermes business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Trade Credit Insurance: Core insurance product protecting businesses against non-payment by buyers. Provides coverage for commercial and political risks, enabling companies to extend credit to customers with reduced risk exposure.
- Surety and Guarantee Bonds: Bonding solutions including guarantee and surety insurance to protect against contractor default or non-performance.
- Credit Management Services: Debt collection and receivables management services including accounts receivable protection and collections support.
- Export Credit Guarantees: Guarantee services backing export financing arrangements, such as the €1 billion facility for Enel with 95% Euler Hermes guarantee coverage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Small Business Trade Credit Insurance |
Distribution channels3 records
Marketing channels3 records
Euler Hermes product offering
Product offeringCore offering
Euler Hermes (operating as Allianz Trade) sells trade credit insurance that protects businesses against the risk of non-payment by their buyers, both domestically and internationally. The portfolio is segmented by client size into Simplicity (small businesses), Corporate Advantage (mid-large enterprises), and Cover One (multinationals), and is complemented by surety bond insurance, business fraud insurance, debt collection services, and e-commerce credit insurance. Underwriting decisions are supported by proprietary credit intelligence on 83 million businesses and an AA S&P-rated balance sheet backed by Allianz Group.
Product overview
Allianz Trade (formerly Euler Hermes) is a world-leading trade credit insurance provider operating as part of the Allianz Group. The company offers a comprehensive suite of products organized into tiers for different business sizes: Simplicity for small businesses, Corporate Advantage for medium and large enterprises, and Cover One for multinational corporations. Additional offerings include surety bonds, business fraud insurance, debt collection services, and e-commerce credit insurance. Digital access is provided through EOLIS and Allianz Trade Online platforms, with programmatic access available via the Allianz Trade API. The company monitors over 83 million businesses globally and serves more than 62,000 customers worldwide.
Differentiator
Problem solved
Functional benefit
Products and services
- Simplicity
Companies that use Euler Hermes
Customer profileSegments3 records
Ideal customer profiles3 records
Euler Hermes technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Euler Hermes partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Trade Bank of Iraq (TBI)coreTBI signed a memorandum of cooperation with Euler Hermes to boost Iraqi companies' global competitiveness through trade finance support. TBI reported strong 2024 performance with approximately US$40mn in revenues from letters of credit and US$15bn in outward remittances.
- Zurich Insurance Group, AIG, Chubb, Lloyd's of London, Coface, AXA XL, Marsh & McLennanminorListed as key industry players competing in the global political risk insurance for supply chains market valued at USD 10.4 billion in 2024, projected to reach USD 20.5 billion by 2033.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Euler Hermes competitors and assessment
Company assessmentOthers
- Marsh & McLennan: Marsh is a global insurance broker and risk advisor referenced alongside Euler Hermes as a peer in the political-risk/supply-chain insurance market; it acts as a distribution channel and competitor for risk advisory and placement services that complement trade credit insurance.
- Moody's: Moody's provides commercial credit data, ratings, and analytics that are adjacent to Euler Hermes' credit-intelligence offering; while not a direct underwriter, it is a comparable data-driven credit-risk information provider used by overlapping customers.
Direct peers
- Coface: Coface is the closest direct peer, operating as one of the world's largest trade credit insurers with similar products (trade credit insurance, surety, debt collection) and competing for the same multinational, mid-market, and SMB customer base that Euler Hermes/Allianz Trade serves.
- Atradius: Atradius is another top-three global trade credit insurer, directly competing on credit insurance, surety, and receivables management offerings to exporters across Europe, the Americas, and Asia, with a comparable data-driven underwriting approach.
Broad incumbents
- AIG: AIG is a major incumbent in political-risk and trade-credit insurance, competing for large multinational export and political-risk mandates that overlap with Euler Hermes' export-credit guarantee and political-risk coverage.
- Lloyd's of London: Lloyd's is a specialty insurance market underwriting trade credit, political risk, and surety business through its syndicates, competing for the same large-corporate and sovereign-backed mandates Euler Hermes covers.
- AXA XL: AXA XL is the specialty insurance arm of AXA, competing in political-risk, trade-credit, and surety lines where Euler Hermes operates, serving similar multinational and institutional clients.
- Zurich Insurance Group: Zurich is a broad-portfolio global insurer listed alongside Euler Hermes as a competitor in the political-risk and supply-chain insurance market, offering overlapping trade credit and political-risk coverages as part of a wider commercial insurance suite.
- Chubb: Chubb is a global commercial-lines incumbent that participates in the trade-credit and political-risk insurance market referenced alongside Euler Hermes, providing comparable specialty coverages to large corporate and financial-institution clients.
- Allianz Group: Allianz Group is the parent conglomerate and a global insurance and asset-management incumbent whose brand Euler Hermes now operates under; it provides the capital base, distribution, and broader insurance portfolio against which the trade-credit unit is benchmarked.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Euler Hermes social profiles
Digital presenceEuler Hermes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Euler Hermes leadership team
Management profileNumber of profiles
Profiles4 records
Euler Hermes funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Euler Hermes M&A and investment
M&A and investmentM&A2 records
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Euler Hermes
What does Euler Hermes do?
Euler Hermes (operating as Allianz Trade) sells trade credit insurance that protects businesses against the risk of non-payment by their buyers, both domestically and internationally. The portfolio is segmented by client size into Simplicity (small businesses), Corporate Advantage (mid-large enterprises), and Cover One (multinationals), and is complemented by surety bond insurance, business fraud insurance, debt collection services, and e-commerce credit insurance. Underwriting decisions are supported by proprietary credit intelligence on 83 million businesses and an AA S&P-rated balance sheet backed by Allianz Group.
Is Euler Hermes a public or private company?
Euler Hermes is a private company. It is classified as corporate owned and is currently operating.
When was Euler Hermes founded?
Euler Hermes was founded in 1996. It employs 1 to 10 people.
Where is Euler Hermes based?
Euler Hermes is headquartered in Paris, France, in the Europe region.
How does Euler Hermes make money?
Four revenue lines are on record. Trade Credit Insurance is the primary driver. The others are surety and Guarantee Bonds, credit Management Services and export Credit Guarantees.
Who are Euler Hermes's main competitors?
Others on record are Marsh & McLennan and Moody's. Direct peers are Coface and Atradius. Broad incumbents are AIG, Lloyd's of London, AXA XL, Zurich Insurance Group, Chubb and Allianz Group.
Does Euler Hermes have an API?
Yes. Allianz Trade API (the current brand name for Euler Hermes services) is listed as one of the online applications available to customers, enabling programmatic access to trade credit insurance services.
What industry is Euler Hermes in?
Euler Hermes's product category is Trade Credit Insurance. Its primary akta.pro industry code is FSAEADAL, Trade Credit Insurance Brokerage, with a secondary code of FSAEADAM, Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I). Its NAICS code is 52412 and its SIC code is 6399.