Judge of the Change
Sensible Weather
sensibleweather.comJames Daly, president and chief executive for United States operations at Euler Hermes, said that rates varied, but someone insuring $1 million in receivables through the company’s Simplicity plan could expect to pay an annual premium of around $7,000.
Paul Sullivan • Protecting Your Business, and Your Bank Account, in Case Clients Don’t Pay (Published 2016)
Michael Chen, president of Myco Furniture in Houston, said he had been using factors — groups that buy a company’s receivables at a reduced rate — but switched to credit insurance through Euler Hermes as a way to cut costs and be more selective in what the company insured.
Paul Sullivan • Protecting Your Business, and Your Bank Account, in Case Clients Don’t Pay (Published 2016)
factors seems like's Pipe's revenue based financing
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kaplancollectionagency.com“Years of ultralow interest rates hurt insurers in two ways, first by reducing investment returns and second, by expanding insurance-underwriting capacity.”
i don't quite understand the latter part, it has do with investors who are searching for yield buying lots of catastrophe bonds and insurance-linked securities, which adds to the capital pil... See more
as of 9/15/23:
— S&P trades at 17.9 times earnings
— the insurance portion trades at 11.8 times earnings
— last time it was that wide of a delta was in 2008 and 2020