Nuvo, a B2B trade credit technology platform, and Allianz Trade in North America have partnered to enhance trade credit insurance policy management for customers.

Allianz Trade is the trade credit insurance unit of Allianz Group.

Nuvo’s credit technology platform, which is designed to simplify customer onboarding, credit risk assessment and fraud prevention, will now administer key elements of Allianz Trade’s trade credit insurance policies.  

This integration allows Allianz Trade customers using Nuvo to add coverage, monitor approval policy adherence, and ensure their sales strategies align with customer risk and insurance coverage.

Allianz Trade Americas transformation and digital partnerships regional head Aaron Lindstrom said: “It is more critical than ever that businesses mitigate the risk in their business relationships.

“Integrating with Nuvo will enable our shared customers to manage their policies more simply, and to protect their operations from unforeseen risk events.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The alliance between Nuvo and Allianz Trade combines the latter’s insurance underwriting expertise with Nuvo’s workflow technology. This allows sellers to make quicker and more informed credit decisions.

Nuvo co-founder and CEO Sid Malladi said: “Allianz Trade’s leading trade credit insurance offering complements Nuvo in our mission to give finance teams the confidence needed to grant the credit that fuels their business growth.”

Finance teams utilising Nuvo can now incorporate their Allianz Trade policy into credit term decisions, fostering new business opportunities and minimising undue risk.

Last year, Allianz Trade agreed to buy a 50% stake in Portuguese company Cosec from Portugal’s Banco BPI. The deal will offer Allianz Trade sole ownership of Cosec.