Netherlands-based Atradius, the second largest provider of credit insurance in the world, is expanding its international presence with new location in Romania, a press release informs.
Atradius will operate locally with a sales and account management team that has experience in credit insurance and is responsible for customer communications and support, as well as a risk analyst team, which will evaluate the default risk of Romanian customers.
Simultaneously with its branch in Bucharest, the commercial credit insurer inaugurated in Sofia its first unit in Bulgaria.
“Bulgaria and Romania are among the most interesting growth markets in Europe and demonstrate great potential,” Andreas Tesch, Chief Market Officer of Atradius explains.
According to him, the launch of branches in Bulgaria and Romania is part of Atradius’ global growth strategy, which aims to secure the best-possible service and high-level local expertise for the company’s national and international clients.
At present, the market volume of Romania’s credit insurance industry amounts to around EUR 24 million, with an average rate of increase of currently 10 percent each year.
Atradius is a global provider of credit insurance, suretyships and collection services, with a strategic presence in over 50 countries. It has access to the credit history of over 240 million companies worldwide. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world.