NZEC Newsletter - April 2021

Kia ora from the NZEC team,

In this newsletter, we update you on our streamlined underwriting processes for our short-term trade credit insurance, as well as our published annual report. Our team is involved in a range of exporter seminars over the coming weeks, which we plan to replicate across the country. Our LinkedIn account is also a good way to track our team’s engagement around the country.

Streamlined underwriting for trade credit insurance

Since 1 April 2020 when the impacts of COVID-19 resulted in increased applications for NZEC support, over 75% of our policies have been approved via a streamlined underwriting process.    

This includes our top-up cover coinsurance, where we provide top-up cover that matches your primary insurer’s cover (up to an additional $1 million credit limit) without requiring your buyer’s financials. Read here for more information on this process.

NZEC Annual Overview 2019/20

Earlier this year we published an overview of the performance of NZEC during the 2019/20 financial year. This includes some case studies of exporter support, as well as our key financial and non-financial results. To read the report click here.

Exporter seminars

Trade-led Recovery Government Update for Exporters
Thursday 6 May 2021 – 0900-1200
Sir Noel Robinson Conference Centre, Vodafone Events Centre

We invite Auckland businesses that currently export, or who are interested in exporting, to attend this half-day seminar focused on the range of Government services aimed at supporting a trade-led recovery. This will also include an update on free trade agreements, supporting exporters through non-tariff barriers.

Guest Speakers include Damien O’Connor - Minister for Trade and Export Growth, Clare Kelly Assistant Secretary Trade and Economic Group MFAT, while officials from MFAT, NZTE, MBIE, Customs, MPI and Export Credit will be on hand to answer questions and receive your feedback.

Registration is free – to register email [email protected] 

Business seminars on ‘How to manage working capital and mitigate repayment risk’ – Dunedin, Invercargill and Queenstown

We are very pleased to partner with BNZ and NCI Trade Credit Solutions, to present 3 South Island seminars.  The presenters and topics are:  
•    David Kirk, BNZ Trade and Working Capital Specialist – “Working capital efficiency, maximising access to funding and reducing risk”. 
•    Phil Quinn, New Zealand Export Credit – “How NZEC can support New Zealand exports and export related business”
•    Allan Mabey, NCI Trade Credit Solutions - “Introduction to Trade credit insurance and how it can benefit your business”

Locations and times are:

Tuesday 4 May 2021  1230pm-230pm
BNZ Dunedin Partners Centre, level 1 98 George Street Dunedin
RSVP: To Sheryl Kwiat: [email protected]  

Wednesday 5 May 2021 4pm-5.30pm
BNZ Invercargill Partners Centre 84 Est Street, Invercargill 9180
RSVP Online: by Monday 3 May 2021

Thursday 6 May 2021 1030am-1200pm
BNZ Whakatipu – Level 4 Building 8 36 Grant Road, Frankton Queenstown
RSVP: To [email protected] by 29thApril

Team Travels

We are visiting the following regions over the next few weeks, and welcome the opportunity to meet in person:
4 May -  Dunedin | Phil Quinn
5 May – Invercargill | Phil Quinn 
6 May – Queenstown | Phil Quinn 
6 May – Auckland | Chris Chapman and Thomas Sheng 
20 – 21 May – New Plymouth | Peter Rowe 
27 – 28 May – Palmerston North | Michael Hoare   
Alternatively the team is available for virtual meetings using Skype, Zoom, Teams or over the phone.  

NZEC LinkedIn profile

A reminder that NZEC has its own LinkedIn account, which can enable you to keep up to date on our latest case studies, news and regional visits.

Kind regards from,

Chris, Feliza, Sheila, Peter, Phil, Michael, Thomas, Kyle, Jennifer and Wes