Euler Hermes organized an informatory meeting about Credit Insurance for exporters in cooperation with the Kocaeli Chamber of Industry. The meeting evaluated the global developments in addition to the developments in Turkish economy, which has entered in a balancing process; and experts shared tips for safe trade with exporter companies.

Ömer Gürcan Köseoğlu, Assistant General Manager of Sales, Marketing and Commercial Underwriting at Euler Hermes Turkey, underlined the importance of credit insurance for global trade and said: “As Turkey’s best credit insurance company, Euler Hermes supports its customers for conducting commercial activities both domestically and internationally. With our credit insurance product that insures the receivables, we estimate the risk and therefore create an opportunity to avoid it; while making sure that your company continues with its activities safely and uninterruptedly by covering for your losses in case the risk is realized. Through the overseas offices of Euler Hermes which can be found all around the world, we carry out the legal and bureaucratic processes for our clients no matter where the receiver is located, and we never leave them alone.”

“Turkey currently moves towards increasing the volume of its exports even further in 2019, and companies aim to reach new customers in new markets. We consider 2019 as the right time to take the right risks, and we will keep helping them maintain their international commercial activities much more safely by insuring their risks including the political ones.”
Emphasizing that Kocaeli is the second biggest exporter city with a volume of 1.3 billion USD according to March 2019 statistics, Köseoğlu added as follows: “Euler Hermes is also very active in this region. Through 600 intermediaries, we bear a total coverage of 2.1 billion TL in Kocaeli. We will keep touching more exporters in this city that makes a huge contribution to Turkish economy and continue to introduce them to the credit insurance, which we also define as a ‘Life Insurance’ for companies. With bond insurance, another strategic product we offer to Turkish insurance market, we go beyond the function of Letter of Credit and offer our clients new added capacity. Bearing a credit rating of ‘AA’ – which is confirmed by S&P – we are recognized as a strong guarantor for transactions requiring letters of credit for projects or beneficiaries located overseas.”

“We focus on increasing the awareness in the region about full scales services offered by Euler Hermes. On behalf of Euler Hermes, I’d hereby like to thank the member companies of the Chamber, and particularly Ayhan Zeytinoğlu, Chairman of the Kocaeli Chamber of Industry who all support us in this cause.” said Nazmi Ertuğral, General Manager of Ertuğral Sigorta, the authorized Euler Hermes agent in Kocaeli.