Allianz Trade wins two ITFA Insurance Awards

On June 21, 2022, Allianz Trade, the world leader in Trade Credit Insurance and a recognized specialist in Surety, won two ITFA Insurance Awards: the best Trade Credit Insurer  Award and the best Surety Insurer Award. These awards recognize Allianz Trade's commitment to its clients, with a strong promise to help them grow with confidence and prosper through economic cycles, by establishing trust in commercial transactions.

The International Trade and Forfaiting Association (ITFA) is the worldwide trade association for companies, financial institutions and intermediaries engaged in global trade, forfaiting, supply chain and receivables financing. It gathers 300 members from around the world and represents the rights and interests of banks, financial institutions and service providers involved in trade risk and asset origination and distribution.

On June 21, 2022, ITFA organized its first Insurance Awards Ceremony. This was an opportunity to reward the work of the financial community regarding the service delivered to their clients. A total of 7 awards were granted by ITFA, including 3 to insurers.

We are proud to announce that Allianz Trade received two awards during the ceremony: the best Trade Credit Insurer award and the best Surety Insurer award. These awards reflect the significant investments made recently by Allianz Trade in terms of innovation, tools, services and customer experience in order to continuously strengthen the support provided to its clients. They also illustrate the implementation of the Group's new strategy for 2025, which focuses on the development of our leadership in these two lines of business.

"Because the future is not always as expected, we predict trade and credit risk today, to protect cash flow tomorrow. We secure, you grow: this is the promise we make to our clients. As a Trade Credit Insurer, our role is to give them the confidence to trade by securing their payments. I am very pleased to have won these awards, which symbolize the commitment of our 5,800 employees in 52 countries, who have a sole mission in mind: to give our 62,00 clients confidence in tomorrow in order to help them succeed", explains Anil Berry, Member of Board of Management in charge of Commercial at Allianz Trade.

"Surety is a key part of our 2025 strategy. It is a very dynamic growth market, in which we are already a recognized expert, and in which we want to continue to invest. Thanks to our 200 Surety experts, located in 30 offices around the world, we are able to support our clients in all countries and across all sectors. This award recognizes our expertise, our knowledge of local markets and international capabilities, and encourages us to continue our efforts in supporting business development through Surety", added Sean McGroarty, Global Head of Surety at Allianz Trade.

We would also like to thank the members of the jury for these two awards, and congratulate all the winners of the ITFA Insurance Awards!