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LATEST NEWS

Keeping our clients informed.

Latest news and press releases

What been happening in the world of trade credit? See here for all the latest news, articles and events.

NEWS ARCHIVE

A Word From The NZ Managing Director: Zara Mends

Despite initial predictions, insolvency and collection actions have been at record lows since the initial Covid related lockdowns in NZ. A number of businesses have considered self-insurance vs credit insurance over this time as a result of clean ledgers and good business activity, when in fact we should be looking to the future and what is anticipated to come by way of payment issues and payment defaults. In our current environment, we have access to credit insurance capacity and competitive premiums, in contrast to a higher claims and insolvency landscape where cover is more limited. Now is the time to consider risk transfer and take advantage of benign market conditions to future proof your business.

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A Word From The General Manager: Phil Ashby

At NCI, we operate with an “Under one roof” philosophy. What we mean by this is that no matter what trade credit related product one of our clients or potential clients is looking for, we have a solution.

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Trade Credit Risk Index Q2

Claims and insolvencies low, but when will they rise?

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Liquidations on the rise

Businesses have been challenged by COVID, but do you really know who’s struggling?

The unique challenges of the ongoing pandemic have impacted New Zealand businesses in many ways yet to be truly seen. NCI are at the coalface speaking with businesses across many industries, and anecdotal feedback post COVID-19 is mixed in that some are performing very well and confidence is high for the remainder of 2021 and into 2022. Others are clearly struggling to adjust and uncertainty will only lead to uncomfortable decisions about what is required to survive.

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A Word From The General Manager NZ: Phil Ashby

What a difference 12 months makes; last May we were right in the thick of the pandemic and the economic outlook was looking bleak. Fast forward to now and the New Zealand economy has recovered at a pace many wouldn’t have thought.

The trade credit insurance market was anticipating a large increase in insolvencies. Many were focused on increased loss ratios; however, they are now more comfortable with the stability that is presenting itself in New Zealand and the APAC region.

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The benefits of Top-Up insurance

One of our meat clients held a multi-million dollar limit over their largest customer up until August 2020 when their insurer’s appetite to cover this customer changed and they imposed a 75% reduction on the limit overnight. NCI repeatedly appealed this decision based on supportive financials, strong trading history between our client and their customer, coupled with this particular client having an excellent track record at collecting their trade debts.

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A Word From The General Manager NZ: Phil Ashby

Welcome to 2021, another stop-start year for businesses? I think by now we have all become accustomed to mini lockdowns, alert levels by region and working from home.

2021 is another year of uncertainty. So far, due to government support and protection mechanisms, there have been minimal insolvencies during the Covid period, but will this continue? How much did the Pay Subsidiary and IRD/Bank support relieve the “cash flow” pressure for businesses and, once these are wound back, will we see a new wave of insolvencies and higher unemployment?

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TRADE CREDIT RISK INDEX Q4

Government intervention gives reprieve to Credit Risk… but what about 2021?

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Privacy Act 2020

The new act that comes into effect on 1 December 2020 introduces a number of new privacy protections for individuals and greater obligation for businesses and organisations.  The new Act is to reflect technological changes in the way we do business since the original Act was introduced.

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A Word From The Managing Director: Kirk Cheesman

As we approach the end of 2020, business confidence looks to be increasing with many industries performing well and most lockdown restrictions now removed. NCI’s latest Trade Credit Risk Index reported a sharp decline in credit risk, mainly due to lower incoming claims and collections activity, plus a reduction in Insurer credit limit actions.

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