What is Trade Credit Insurance?

Trade credit insurance – also sometimes called accounts receivable insurance – is different from “insurance” in the traditional sense. It is a partnership that provides world-class knowledge and data to empower your trading decisions, backed by a reimbursement guarantee should an unexpected customer non-payment occur.

Businesses that choose trade credit insurance benefit from safe sales expansion – at home and abroad – to new and existing customers. Trade credit insurance also helps you access to working capital while reducing your overall risk.

What does trade credit insurance cover?

Trade credit insurance protects businesses from non-payment of commercial debt. It covers your business-to-business accounts receivable. If you do not receive what you are owed due to a buyer's bankruptcy, insolvency or other issue, or if payment is very late, a trade credit insurance policy will reimburse you for a majority of the outstanding debt. This helps you protect your capital, maintain your cash flow and secure your earnings while extending your competitive credit terms and helping you access more attractive financing.

With trade credit insurance, you can reliably manage the commercial and political risks of trade that are beyond your control. Trade credit insurance can help you feel secure in extending more credit to current customers or pursuing new, larger customers that would have otherwise seemed too risky.

How does it work?

Customers Health Check

We analyse the credit worthiness and financial stability of your customers.

Credit limit calculated

Each customer has a limit which is the maximum amount we will indemnify if that customer fails to pay.

Business as usual

You trade with your existing customers as you wish, with the risk covered up to the limit.

Trading limit updates

We keep you informed of adjustments to limits as they may be raised or reduced when conditions change.

Business building

You check the credit worthiness of potential new customers. We confirm agreement or explain if your request is declined.

Making a claim

If a customer fails to pay, then you give us full information.
We investigate and indemnify you for the insured amount if policy terms have been met.

Top reasons to buy trade credit insurance

Protection

Ultimately, we are there to quickly replace money lost through bad debt

Peace of Mind

Feel safe in the knowledge that your outstanding invoices are protected

Competitiveness

It helps you remain competitive by enabling you to offer open credit when your competitors can't

Funding

We help in securing trade finance which improves banking relationships and access to finance

Profitability

Improve profitability by safely increasing your exposure to more customers

Cash Flow

It complements and enhances existing credit control procedures to improve Days Sales Outstanding's

Information

You gain access to greater customer intelligence that leads to balanced risk decisions

Growth

It facilitates expansion with security and allows you to deal confidently with new clients and increase credit lines to existing ones

Why work with us?

DEDICATION

62,000+
Clients worldwide

INSIGHTS

83 Million
Businesses monitored in 160 countries

ASSURANCE

AA Rating
by Standard & Poor's

Let's get in touch today!

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Head of Commercial

_{^{Tel: +6698 915 0988}}

_{^{Email: Piriyapong.Charnsin@allianz-trade.com}}

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