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ARFiN BROKER strengthens its position in Slovakia

Registration by the National Bank of Slovakia (NBS) opens another stage of ARFiN BROKER operations on the Slovak market. At the same time, Slovakia is becoming one of the 40 countries with AU Group operations as the world's largest broker specialized in trade risks coverage. ARFiN BROKER has been a part of this multinational group since 2013.

23.4.2021, Bratislava

ARFiN BROKER has been active in Slovakia since May 2019, through its Czech license. Since then the company focused on brokerage services in the area of ​​a specialized insurance product, which is trade credit insurance, has built a portfolio of clients with a combined turnover of over 1 billion EUR. The Slovak branch ARFiN BROKER Slovakia, s.r.o., was registered in the Commercial Register at the end of November 2020 and in April 2021 the company was registered by NBS.

Since 2021 ARFiN BROKER brings its business partners in Slovakia a local service with a local team. “ARFiN Group has the ambition to become the largest specialized broker in the field of trade credit insurance in Slovakia and Czech Republic,” said Tomáš Jurík, Managing Partner.

During the short period of its operation in Slovakia, marked by a pandemic and global economic downturn, the company managed to build a portfolio of approximately 3% of the total TCI market and 5% of the brokered portfolio (calculated based on AFP results and market size public information).

“Our basic philosophy is to provide professional service with a human touch. The added value for clients is the experience of team members who have worked for all four commercial TCI insurers on the Czech and Slovak markets for more than 10 years on average. They have been part of local and regional structures as well.” explains Tomáš Jurík.

ARFiN Group provides clients with trade credit insurance and M&A services. Since the beginning of its activities in Czech Republic in 2012, ARFiN BROKER has become one of the market leaders with a portfolio of more than 70 clients and an expected premium of almost CZK 60 million. ARFiN BROKER is a member of the largest specialized broker network in the field of trade risk coverage: AU Group founded in 1929.  AU Group operates through its branches and partners 40 countries and covers business transactions exceeding 300 billion EUR.