Euler Hermes is No. 1 worldwide in credit insurance and a leader in guaranteeing and recovering commercial loans. Net sales break down by activity as follows:
- loan insurance (83.6%): mainly coverage for non-payment or default by foreign and domestic purchasers and coverage for political risks.
- other (16.4%): insurance against malicious acts by employees, reinsurance of loans to individuals, and management of export guarantees on behalf of the German state.
Euler Hermes has developed an international monitoring network used to analyze the financial stability of over 40 million companies. As of December 31, 2013, the group was guaranteeing EUR789 billion worth of commercial transactions worldwide.Net sales break down geographically as follows: France (16%), Germany (31.9%), Europe (22.2%), Americas (11%), Asia/Pacific (3.7%) and other (15.2%).