Allianz Trade

Powering the future of low-carbon technologies and renewables with Surety Green2Green 🔋 ☀️ 🌱 We are pleased to share the launch of our new Surety solution, aimed at accelerating the sustainable transition of the global economy. Surety Green2Green enables our customers to engage in low-carbon technologies and renewables projects through the issuance of surety bonds and guarantees that ensure their proper completion. We then hold the premiums received as investments in certified green bonds – creating a circular model that continually fuels sustainability progress. As Piril Kadibesegil Yasar, our Group Head of Sustainability, explains: “As an insurer and global trade enabler, we are uniquely positioned to help companies and the overall economy to grow in a more sustainable way. This is why we aim to lead by example and reduce the carbon footprint of our own operations. This is why we aim to infuse a sustainable mindset at all stages of our organization. This is why we aim to steer the decarbonization of our portfolios. And eventually, this is why we aim to launch innovative and sustainable solutions that foster a low-carbon transition.” You can find out more about Surety Green2Green here: https://ow.ly/qGQv50TV9oE Aylin Somersan Coqui - Soenke Schottmayer - Sean McGroarty - Julia Elena Taubenberger

All together, we win 🏳️🌈 The PRIDE network recognizes that the decision to be "out" in the workplace is deeply personal and influenced by a multitude of factors. But with the support of our PRIDE network, we aim to ensure Allianz Trade provides a safe space where everyone feels valued, respected and empowered to bring their whole selves to work. #AllianzTradeTeam #WeCareForTomorrow #Diversity #Inclusion #Equity #LGBTQ #Pride

🌎 This week our economists look at three critical issues: 1. United States: Secretary Bessent’s 3-3-3 paradox. Boosting real GDP growth to 3%, reducing the budget deficit to -3% of GDP and increasing oil production by 3mn barrels/day look like quite the plan. While the first objective seems easiest to achieve, the pledged tighter immigration policy and the fiscal consolidation needed to achieve the second one (1% of GDP per year) turns the first one to less than +2.5%. Meanwhile, already record-high oil production coupled with the industry’s significant challenges in increasing production gives little chance for this target to boost growth. 2. France: Budget turmoil but no crisis. The far-right Rassemblement National party is threatening the government with a no-confidence vote over the 2025 draft budget bill. The most likely scenario is a less ambitious budget, with less savings than initially planned, bringing the fiscal deficit to -5.7% of GDP in 2025 and GDP growth at +0.9%. In case no budget is voted through 2025, high political uncertainty and automatic spending cuts would drag growth down to +0.2% and would bring the deficit at - 5.8% of GDP. 3. Eastern Europe: Worsening competitiveness endangers trade hub ambitions. Tight labor markets and the lingering effects of the 2022-23 inflation shock have led to double-digit real wage increases – +15% in Bulgaria in Q2 2024, +12% in Poland, +10% in Hungary and Romania. While CEE countries continue to attract foreign direct investment, labor cost competitiveness has consistently declined, prompting Western European countries to reconsider their outsourcing strategies. Read the full report here: https://ow.ly/Wv7y50UhSMc #Economics #Economy

What’s the outlook for the global #telecom 📱 sector? The telecom sector will benefit from the accelerating deployment of fiber networks and the global rollout of 5G, besides significant growth opportunities in emerging markets. But higher interest rates have forced some companies to reduce capital expenditures, which could be detrimental to longer-term prospects. Read the full sector risk report here 👉 https://ow.ly/l1E550TQt4w

Innovating together at Allianz Trade 🚀 Innovation and entrepreneurship are at the heart of our culture and our 2028 corporate strategy, Shape & Scale. To get everyone involved, we launched an innovation contest where colleagues can form teams and pitch their ideas to power simplification, growth, and client service. But how does an innovation contest work? What are the benefits of taking part? And what does it bring to our organization? Florence Lecoutre, member of the Board of Management, tells us more: https://ow.ly/pwE850Uhi01 #AllianzTradeExperts

🛍️ The pricing power party is over for retailers. 📉 While retail sales are still strong in the US and recovering in Europe, retailers are struggling to preserve profitability as decreasing sales in volumes and still high operational costs erode margins. What's more, the stockpiling strategy that began after the pandemic is starting to pinch: The global retail sector increased its inventories by eight days of turnover on average over the four years following Covid-19 but slower demand growth is now forcing retailers to offer aggressive discounts. ⚠️ Against this backdrop, insolvencies are on the rise, with the retail sector accounting for one in every five large insolvencies. Find out more in our latest report: https://ow.ly/oV8W50UgvKZ #BlackFriday #CyberMonday

💰 How do you maintain a healthy cash flow in times of instability? In a climate of economic uncertainty and growing insolvencies, it’s important to know how to safeguard your business against buyers who could struggle to pay you back. 💡 These 6 approaches can help optimize working capital and protect against bad debt: https://ow.ly/b6t150UfAOM #TradeCreditInsurance #TCI

We're proud to share some of the top-scoring elements from our annual Allianz Engagement Survey (#AES) on employee satisfaction. 🎉 Touching on diversity and inclusion, sustainability, teamwork, and career development and more, these numbers reflect our commitment to creating a supportive, inclusive, and future-ready workplace. 📈💪 #AllianzTradeTeam #WeCareforTomorrow #EmployeeEngagement

Update from our #AllianzTradeExperts in the latest issue of the ICISA Insider 🔍 As the vice-chair of ICISA’s Credit and Political Risk Committee, Pierre LAMOURELLE shares a rundown of the trends, risks, and opportunities that are top of mind for underwriters, from macroeconomic trends and supply chain bottlenecks to opportunities in low carbon technologies. Outlining the differences between mentoring, coaching, and sponsoring, Magdalena Cano explores the benefits of such programs and their importance to women’s professional advancement. You can read their articles, as well as those of other industry experts, here: https://lnkd.in/dmDMir6P ICISA - International Credit Insurance & Surety Association

❓ Will fragmentation continue to be the key theme for the global economy, or are there signs of a change in direction? Our infographic highlights the key points for multinationals. See how our Excess of Loss solutions can help protect your business from major losses during economic uncertainty: https://ow.ly/ECKP50U66ar #ExcessOfLoss #XoL #AllianzTradeforMultinationals