EULER HERMES: Euler Hermes, alliance partners in the distribution of credit insurance in Malaysia

   Euler Hermes, alliance partners in the distribution of credit insurance in Malaysia

Kuala Lumpur - 6 MAY 2013 - Active Malaysian companies in domestic and export markets can now Euler Hermes credit insurance products trade and services easier, as the result of a cooperation agreement, the world's leading trade credit insurance and Allianz General Insurance Company (Malaysia) Berhad, as representative to serve in the country.

"Malaysia is a strategic market for Asia-Pacific Euler Hermes and this agreement are local companies to protect a more direct access to credit insurance to them as they grow on a national, regional or global level," said Victor Jiang CEO of Euler Hermes ASEAN. "We have our own subsidiary in Kuala Lumpur in December last year, but we have provided credit insurance solutions for Malaysian companies since 2005. Partnership with the leader of our shareholders Alliance, which has a strong local presence enables us closer to our customers to meet their specific needs as to grow their markets. "

Allianz is one of the largest insurance companies in Malaysia with 32 branches and more than 5,000 agents and other partners across the country. In June 2012, has been writing authorized by the Bank Negara Malaysia Credit Insurance, Allianz.

"A thorough knowledge of Euler Hermes Credit Insurance and intelligence makes it the ideal partner as we expand the scope of the insurance business-to-business of the Alliance in the dynamic" Malaysian market, said Zakri Khir, CEO, Allianz General Insurance Company (Malaysia) Berhad. "We share the same strategy and values, especially when it comes to providing excellent customer service."

Worldwide presence of Euler Hermes and expertise unmatched business risks helps companies select the most promising markets and customers to grow their business in a sustainable manner. Companies that offer their business credit with Euler Hermes enjoy the protection of cash flows for the unpaid bills or bankruptcy when sharing with their customers on an open account.