Solunion, the joint venture owned equally by Euler Hermes, the global leader in trade credit insurance, and MAPFRE, the international insurance company market leader in Spain and in Latin America, has completed the integration of its teams in Spain with the launch of a single platform to manage trade risks and unify its credit insurance offerings to new clients.
Just five months after launching operations on January 29th 2013, Solunion now presents a single face to the market as an independent company in offering its experience, know-how and knowledge about companies, markets and industry sector activity to policyholders and partners.
Pascal Personne, CEO of Solunion in Spain, explains: “We’re very pleased have launched this platform to our clients so quickly, despite the inherent complexity of joint venture processes. Internal cooperation as well as strong market feedback, collaboration and confidence, were decisive factors in the success and speed of this operational integration. As a result we’re now able to be more responsive to our clients’ needs. And we’ll continue to innovate in order to offer them high quality added value and competitive products.”
The new operating platform offers Solunion policyholders direct access to the extensive Euler Hermes global trade risk database. Solunion economists and a global network of analysts, monitor country, sector and clients risk permanently in order to offer clients the greatest possible coverage. More than 1,500 underwriting experts continually monitor the portfolio quality.
Solunion has unified also its new client policy offering under a single product - the Global Policy - and provides its partners and policyholders with the advanced online technology of Eolis, a portal for managing policies directly and in real-time.