Risik management in a new light.

Risk management did not suffer by the crisis. On the contrary - the most of german enterprises kept the risk management budget steady, one third planned even an enhancement. This proved a study by Marsh, the worldwide leading enterprise for risk- and assurance management, accomplished in the second quarter 2009. Two thirds indicated to have checked their risk position on the occasion for the crisis. The credit risk was hereby estimated as the biggest singular risk.

The value of an enduring credit politic, which is since long time expected by credit managers, is meanwhile approved in the high levels of corporate structure.

The shock is got over and considerations for an enduring validation of receivables amidst a difficult economic environment are a daily occurrence.

Transparency and being up to date are indispensable for an appropriate risk evaluation as well as for sales decisions as for the own rating as a credit user.

The companies set especially great value on their own payment experiences with their customers, not least because of the lack of actuality of external data. Additionally to their internal information the external data play still a great role for the estimation of a credit.

In order not to drown in the data flood but use data to generate volume of sales, they have to be interpreted correctly.  Support by qualified software is indispensable. It should enable the person responsible to take decisions based on objective criteria.

The credit assurances which reacted on increasing payment deficits with cancelling of limits and increased premiums are recognizing a consequent risk management by more flexibility and adaptation of their policies. After the relation between the credit assurances and their clients got into a mess for several months, both sides now approach themselves again.

The companies advance towards an active risk management, anchored in the high levels of corporate structure. Credit assurance can be a part of credit politic – depending on the sector and on the structure of the company.