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Johannesburg | 06 March, 2022
Marsh, the world’s leading insurance broker and risk advisor, today announced an exclusive collaboration with Inoxico, a technology company that provides predictive trade credit analytics solutions, which supports South African clients in managing their trade credit risks and increasing their profitability generated from trade credit sales.
Trade credit is the most important form of growth capital in developing countries and is estimated to be a $100bn industry in Africa – a significant and growing figure. Using Inoxico’s Trade Shield solution, Marsh’s South Africa’s clients can use predictive analytics on their accounts receivables to gain debtor credit scores and debtor risk segmentation, as well as access to customer credit reports, credit limits insights, and changes to risk profiles.
Commenting on the collaboration, Pieter Dingemans, Credit Specialties Leader, Middle East and Africa, Marsh Specialty, said: “Marsh and Inoxico’s collaboration will enable our South African clients, through the use of powerful analytics, to gain more insight into their commercial credit management function. As a result, our clients will be able to confidently extend the amount of trade credit offered to their customers, while also increasing their operational resilience, boost their growth strategy, and reduce the impact of future shocks.”
“I am proud to formally announce this industry-shaping collaboration,” said Kiashan Moodley, Head of Partnerships at Inoxico. “This is what the market has been waiting for – a partnership that puts the customer back in the driving seat and provides them with powerful tools to confidently navigate the complex business landscape we currently, and will continue to, find ourselves in.”
Marsh is the world’s leading insurance broker and risk advisor. With over 45,000 colleagues operating in 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of nearly $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.