Euler Hermes launches public access open data portal

Trade credit insurer Euler Hermes has released its open data platform for anyone to access, use and share its data on international B2B trade. Euler Hermes said the move gives public access to millions of exclusive datasets, and will help users make sense of international trade data, select the right prospects and do business with confidence. The insurer said its goal is to contribute to the culture and practice of opening data access in the corporate world, and is committed to expanding the platform based on public request. “In recent years, Euler Hermes studied the development of open data portals, which often took the shape of government-led initiatives, for transparency or compliance purposes. As a key player in data intelligence, Euler Hermes seeks to set an example in the global data community by sharing its unique data on international B2B trade,” said Euler Hermes. The online data platform gives free access to a first dataset of about 1.8 million data points, collected by Euler Hermes during a three-year period (2016-2018). The insurer said the portal is available via API or on the web, with various options for manual processing and data visualisation. The platform, hosted by OpenDataSoft, provides academics, journalists, data scientists and others with the necessary data to carry out their analysis, it added. Euler Hermes explained that its portal shares anonymised data both by country and by trade sector, including insights such as the impact of a company’s country of incorporation on the likelihood to obtain payment. “Our goal in making the Euler Hermes data available to all is to create a community around international B2B trade data. We want to turn this data into action and help solve business challenges across sectors. Ultimately, we hope to set an example and encourage other companies to open data to better serve society,” said Jennifer Baert, global head of information and credit risk at Euler Hermes. The insurer collaborated with Professor Christophe Pérignon, head of research at the HEC Paris Business School, to identify relevant data for academics, data scientists and economists. “Euler Hermes’ willingness to share data is of tremendous value to the academic community. It means we are now able to work on real-life data from a large number of countries, thanks to Euler Hermes’ international presence. It is the first time that a large corporation reaches out to us with an open-access data project. This action in itself shows a strong sense of corporate social responsibility”, said Mr Pérignon. Euler Hermes said the open data portal is a first step towards creating a culture of data openness in the corporate world: “Euler Hermes is hoping other companies will soon follow its example. In the meantime, Euler Hermes will seek ways to increase access to its data and help people better understand companies’ payment practices as well as how they trade and buy goods or services.” The platform is available at: opendata.eulerhermes.com

Euler Hermes launches public access open data portal

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