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Trade Credit Insurance

Companies that sell their goods or services on credit take the risk of not getting paid by their customers. Trade Credit Insurance provides accounts receivable protection for policyholders against a customer default due to financial or political events.

Coverage Features Back To Top
  • Coverage can be provided to companies with domestic, export or multinational sales, as well as to lenders that finance trade receivables.
  • Program types available include Excess of Loss and Top Accounts:

    An Excess of Loss program is designed for companies with sound credit management and features, a discretionary credit limit facility, an annual aggregate deductible and non-cancelable credit limits. 

    A Top Accounts program provides protection for a company’s 10-15 largest customers, which can account for 80% of sales.
  • Coverage options include protection against Insolvency, Protracted Default and Political Risk.
  • Non-cancelable credit limits are available for qualified clients.
  • Credit assessment and collection services are available to clients.
 
Competitive Strengths Back To Top

We have over 30 years of experience in providing quality insurance products to companies with sound credit management practices.

We were voted Best Trade Credit Insurer in 2009 by the readers of Global Trade Review magazine.
 
In 1999 we became the first private insurer admitted to the Berne Union, the leading association for export credit and investment insurance worldwide.

We were the first private insurer to offer Political Risk coverage and Excess of Loss credit insurance featuring non-cancelable coverage and discretionary credit limits.

We have over 100 underwriting professionals located in 13 offices around the world to provide top-quality service to multinational clients.

Our local underwriting and policy servicing capabilities are supported by Chartis’ owned network of operations serving customers in over 160 countries and jurisdictions.

Strategic Partnerships Back To Top

Berne Union: Members of this organization conduct business in a manner that contributes to the stability and expansion of global trade and investment on a sound basis, that is in accordance with applicable laws and relevant international agreements.

FCIB: As an association of executives in finance, credit and international business, the FCIB provides business credit insight, advice and intelligence for companies active in global trade, and fosters the education, networking and sharing of best practices. 

STA International: We have formed a strategic relationship with this debt collection agency to provide policyholders with a comprehensive package of credit management services. With a network of solely-owned offices across the U.S., Mexico and Europe, and affiliates across the world, STA complements our global reach to provide local debt collection services, accelerated claims resolution, real-time monitoring of accounts and competitive collections costs.

Claims Back To Top

We have provided Trade Credit Insurance worldwide to a varied client base for over 30 uninterrupted years, giving us decades of experience that have allowed us to develop unparalleled expertise in trade credit claims handling. Whether it was the emerging market debt crisis in the mid 1980's, the Internet bubble of the late 1990's, or the economic crash of 2008, our claims handlers have stayed committed to provide a quick response time for our clients during high volume claims periods.  

Our goal has always been to exceed the claims service expectation of our clients. We remain committed to being an industry leader in claims handling, providing locally available seasoned claims handlers and strategic partners for our clients around the world. Our local claims handlers offer specialized support, including in-depth knowledge of local laws and regulations, and have access to an established and proven network of accounting, litigation and loss control experts. In addition, the Chartis worldwide network of 345 claims offices is available to assist in matters that may arise.  

We have formed several strategic relationships to assist in claims handling and recovery. We are a long-standing member of the Berne Union which provides us with global market intelligence and country risk and portfolio management for the benefit of our clients. We have also formed relationships with debt collection agencies, recovery consultants, bankruptcy monitors and legal counsel focused on achieving loss minimization and maximization of recovery potential. 

Click here to view our most recent quarterly claims statement.