Atradius, one of the leading global credit insurers, has extended its pan-Asian partnership with Tokio Marine Asia Pte Ltd (TM Asia), following a period of sustained growth in the region. This partnership now enables Atradius to issue policies locally in Indonesia, Malaysia, Vietnam and the Philippines by TM Asia affiliated insurance companies.
Within Asia, Atradius now offers credit insurance, either directly or via a partner, in Hong Kong, Singapore, China, Japan, India, Thailand, Taiwan, Indonesia, Malaysia, Vietnam, and the Philippines.
Since 2007, Atradius has experienced average year on year growth in Asia of more than 25%. As a result of this extended agreement, businesses trading in these four Asian markets or where multinationals have subsidiaries located in any of these countries, can now be protected by locally issued policies, enabling Atradius and TM Asia to not only meet growing demand for protection of trade receivables, but also enhance their support for joint customers.
To read the full story click on the attachment: 2011-09-27_PR_EN_New Partnerships in Asia