Currently, growth is difficult to achieve, unpaid debts are on the rise (40% of invoiced amounts in Europe, according to the 2016 Atradius payment practices barometer) and defaults are expected to surge. With all these risk factors, it is crucial to maintain a careful focus on securing your receivables. In today’s world, credit insurance is clearly associated with best management practices by all your financial partners.
You are working with new customers in countries where the risk is higher.
The nature of our business is such that we need to seek out new markets internationally, especially in the BRIC countries. I need support to expand the countries, where it is harder to control customer risk.
Chief Financial Officer of an auto parts cubcontractor SME
You need to have an independent assessment of the risk on one of your key customers, while being protected against a major claim.
We have an experienced credit management team that monitors our main customers closely. Given the recent major insolvencies in our business sector, we need a solution that will protect us against an exceptional build-up of risk.
Chief Executive Officer of a cosmetics multinational
You consider the coverage rate of your customer receivables to be insufficient.
We are finding that the coverage rate on our buyers is deteriorating more and more. We need to put in place additional insurance to enable us to optimise our primary cover.
CEO of a regional construction company
Preventing customer risks from materialising
By providing continuous monitoring of your customers.
Out-of-court and legal settlement
Of your outstanding receivables, whether or not they are covered.
For up to 90% of your insured receivables in the event of non-payment by your debtor.
You can use Surety Bond as an alternative to the bank guarantee letters. Surety bond is a product on behalf of your company that the insurance company is the guarantor rather than the bank. It provides benefits such as fast operation and cost advantage while meeting the necessary guarantees especially for overseas projects. You will also increase your total limits in the banks.
Surety bonds offers a fast operation and cost advantage
To use the bank letters of credit is very difficult for us because it is limited and costly.
CFO, ready-made clothing and garment company
You can use surety bonds instead of letter of credits as to maintain your credit limits at banks .
Letters of credits that we need for international projects restrict our credit lines at banks.
CEO of a international construction company
Alternative to Bank Letters of Guarantee
Surety Bond is a strong alternative to Bank Letters of Guarantee
Quick process management
A swift underwriting phase where your financial performance is accurately assessed
An ideal combination of Underwriters according to your specific needs
Increased need for insurance against political risks, the current global situation reflect an increase in political risks in both developing countries and developed economies, as a result of this, companies benefit from the ability to cover their international financial risks with the appropriate insurance.
You can secure your international trade against political risks.
We think that there are generally political risks in the regions we export to. Although we have been working with our customers for many years, we still would like to be cautious against political risks.
CEO, food company
You can protect your investments in different parts of the world against political risks.
Even in the European region, which we consider to be reliable, we face political risks that we do not want to take from time to time. We also want to protect the investments we have undertaken in different parts of the world against political risks.
CFO, pharma company
Protection of your abroad investments and contracts against political risks
Changing political dynamics
Close monitoring of macro economic and political situation of all countries
Capability to provide competitive offers from various Underwriters