Credit Insurance Companies List

• A list of the largest and best trade credit insurance companies in the World.
• A list of biggest trade credit insurance companies by countries. (in The United American States – USA, United Kingdom – UK, Ireland, Canada, Australia, India, South Africa, Singapore, UAE, China, Japan, Germany, France, Spain, Italy and more…. )

 AIG 

With more than 35 years of experience in trade credit, AIG offers unparalleled local underwriting and policy servicing capabilities. Their non-cancelable limits coverage,credit management tools, and debt collection services help their clients serve customers in more than 160 countries with confidence. Main products:

• Accounts Receivable Insurance – protect one of your largest, most vital assets with A/R Insurance.
• Medium Term Trade Credit
• A/R SecureSM – designed for business between $10 million and $100 million in annual sales.
• Top Accounts/Single-Buyer Policy
• Comprehensive Domestic & Export Credit Insurance
• Accounts Receivable Coverage for Key Customers
• Domestic, Foreign, Global Accounts Receivable Insurance
• Trade Credit for Multinationals
• Credit Insurance for Banks & Financial Institutions
• Trade Credit Insurance – protects sellers of goods and services on credit against the risk of customer non-payment due to customer insolvency, protracted default, political events, or acts of war that prevent contract performance.
• Global Limits Manager
• http://www.aig.com

 Euler Hermes 

Euler Hermes is one of the best trade credit  insurance companies all over the world. They have more than 100 years experience and history and they are backed by Allianz, one of the leading financial service providers in the World. Headquartered in Paris, Euler Hermes possess more than 300 offices in over 50 countries. Products and services:

• Credit Insurance – protect your business against commercial and political risks that are beyond your control. The company gives you the confidence to extent credit to new customers and to improve access to funding.
• Debt Collection – resolve your late payments domestically or abroad.
• Bonding – The company issues bonds and guarantees to ensure contractual obligations are met.
• Fraud Cover – protect your organization’s assets against internal or external fraud, including cyber fraud.
• http://www.eulerhermes.com/

 Zurich Insurance Group 

Zurich’s Trade Credit Insurance Company covers banks, trading companies, manufacturers, and other creditors for the risk that debtors default on valid trade invoices or contracts. With its highly experienced, global team, Zurich provides adaptive trade credit insurance solutions that cover exporters, commodity traders and the financial institutions that support them in the event of payment defaults caused by covered political risk events or company-specific issues.

Products and services:

Because the needs of our customers are different, their products and services also vary around the world. You can choose your location from their website https://www.zurich.com/ and you will see a list of their services for your area. Insurance and financial products and services are provided by licensed members of the Zurich Insurance Group (Zurich).

 COFACE 

COFACE Group is a leader in credit insurance and is recognized as one of the best credit insurance companies worldwide. The Group has more than 4,500 employees located in 67 countries that aim is to secure the sales made by their 40,000 client companies in over 200 countries. Coface provides a comprehensive line of credit insurance to protect companies against potential non-payment by their customers. Their trade credit insurance solutions are:

• TradeLiner safeguards your cash-flow and is an effective tool to enhance your credit management… bringing you peace of mind, financial stability and facilitating the healthy growth of your business.
• TopLiner – it is an additional cover designed for situations where, for a given buyer, the insured company has received a guarantee with an amount which is less than that requested or no guarantee at all.
• Single Risk – includes changing legislation, contract breaches, expropriation, nationalization, armed conflict, labour unrest, acts of terrorism, etc.
• http://www.coface.co

 Atradius 

Atradius is one of the world’s largest credit insurance companies with more than 160 offices in 50 countries. The insurer has one of the highest ratings by A.M. Best and Moody’s. Specialists in trade credit insurance, surety, and debt collections, Atradius committed to building strong relationships with their customers. Products:

• Credit Insurance – helps protect you from losses that may be caused by the failure of a customer to pay an invoice through insolvency, or their refusal or inability to pay under the terms of a contract.
• Global – dedicated to the individual trade credit insurance needs of multinational businesses. Provide you with a more personal response to multinational credit insurance and is a unique proposition within the credit insurance industry.
• Special Products – provides tailored solutions outside the framework of our whole turnover credit insurance policies, to cover trade, trade financings, and political risks.
• Debt Collections
• Bonding
• Reinsurance – As an authorized EU-reinsurer and trusted global leader in Credit Reinsurance, Atradius Re supports major credit insurance, surety, and bonding firms throughout the world.
• https://group.atradius.com

 FCIA 

FCIA’s Trade Credit Insurance a variety of trade credit coverages for companies and financial institutions. FCIA Management Company, Inc. (FCIA) is a wholly owned subsidiary of Great American Insurance Company. FCIA offers export and domestic trade credit insurance as well as a wide variety of specialty trade credit and political risk products that facilitate global trade and related financing activities.

• Products for Companies: Policies insure any combination of domestic and international sales of goods and services. Coverage is available on your buyers in the United States and worldwide.
• Products for Financial Institutions: policies protect financial institutions from nonpayment on trade finance and supply chain loans, as well as on loans secured by trade accounts receivable that are purchased or financed by the lender.
• http://www.greatamericaninsurancegroup.com

 XL Catlin 

XL Catlin is a global insurance company headquartered in Ireland with many executive offices in locations such as Hamilton, Bermuda and Stamford, Connecticut, USA and more.

XL Catlin offers trade credit insurance to clients involved in international business. They provide clients with a global platform, in-depth expertise in both developed and emerging markets and specialized trade receivable coverages.

Coverage

• Non-payment
• License cancelation
• Import/export embargo
• Unfair/fair calling of advance payment/performance guarantees
• Policy wording tailored to specific transaction requirements
• US insureds: policies written on an admitted or non-admitted basis
• Non-cancelable coverage
• http://xlcatlin.com/

 QBE Insurance 

QBE is one of the Europe’s leading trade credit insurance companies. They are recognized for their exceptional customer service across policy management, risk underwriting, and claims. QBE Insurance provides tailored policies to suit businesses’ credit risk management needs – local, global, domestic or export. Their global management platform: Trade Credit System (TCS) allows clients to benefit from real-time underwriting decisions.

Policy Types:

• Comprehensive – designed to cover a clients whole customer base with flexible structures to suit the individual client’s needs.
• Major Debtors – covers all risks where the exposure is expected to be above a Minimum Qualifying Limit.
• Top Accounts – cover an agreed fixed number of the client’s top buyers, as defined by their highest exposures.
• Agreed Accounts
• Single Account
• Excess of loss – offers medium-to-large sized multinational corporates protection against high levels of exposure.
• Top-Up Insurance – offers an additional layer of cover above a policy provided by another primary credit insurance carrier.
• http://www.qbeeurope.com

 TCRE (Trade Credit Re Insurance Company) 

Trade Credit Re Insurance Company sa/nv (Trade Credit) is specialized in a specific technique for covering commercial credit risk in B2B: the Excess of Loss. The “Excess of Loss” formula, based on reinsurance principles and formerly restricted to insurers, grants B2B companies a credit insurance coverage which allows them to keep the independence of their credit and debt management. Since its founding in 2004, Trade Credit has steadily expanded in Europe. Products:

• XoL, the “Excess of Loss” solution for large companies
• XoL PartnerS, the Excess of Loss solution for medium-sized companies
• Top Up Cover: A solution for when your traditional credit insurance limits prove inadequate
• Surety bonds & guarantees
• Pluriannual Insured Amount, a solution to optimize the amount of your annual premium
• Captive Reinsurance
• https://www.tc-re.com

 Chubb 

Chubb is one of the world’s largest publicly traded property and casualty insurer. With 30,000 employees worldwide, operations in 54 countries and long-term co-operation partners, Chubb offers service and expertise on a global scale.

In the area of trade credit insurance, Chubb mainly works with companies that need an insurance product which builds on their own credit management procedures. They don’t just offer non-cancellable credit limits, but also flexible solutions for trade credit insurance that include the following:

• High self-audit limit, in accordance with your credit management capability
• Variable levels of deductible and risk share of up to 100%
• Group limits and worldwide coverage
• Bespoke wordings
• Policy periods of several years
• https://www2.chubb.com

 Export-Import Bank of the United States 

The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent, self-sustaining Executive Branch agency. EXIM provides trade financing solutions – including export credit insurance, working capital guarantees, and guarantees of commercial loans to foreign buyers – to empower exporters of U.S. goods and services.

Export Credit Insurance Services:

• Express Insurance
• Single-Buyer Insurance
• Multi-Buyer Insurance
• Letter of Credit Policy
• Medium-Term Insurance
• Reinsurance
• Financial Institutions Buyer Credit Export Insurance
• http://www.exim.gov

 Waldorf Trade Risk LLC 

WTR Underwriting Managers is a program administrator that specializes in Trade Credit Insurance. They’ve contracted with a Fortune 100 “A” Rated American insurer, insurance agencies, and commercial lenders. We a company offering Trade Credit Insurance exclusively to the U.S. Small and Medium Enterprise (SME) market.

Their program is meant to enhance the accounts receivable collateral offered by companies that are seeking increased capital.Their advanced technological platform allows you to apply online for real-time approval and see your exact coverage and limitations for your business and each of your customers.

Types of risks covered:

• Commercial Risks including insolvency of your customers, Chapter 7, 11 or equivalent in country of domicile, Protracted Default, Continued delinquency/inability to pay;
• Political Risks including currency Inconvertibility, exchange transfer risk, Import/Export Embargo, License Cancelation
• https://www.wtrunderwriting.com

 Export Development Canada (EDC) 

EDC provides insurance and financial services, bonding products and small business solutions to Canadian exporters and investors and their international buyers.
Trade Credit Insurance Products:

• Quick, Online Credit Insurance – export credit insurance option, available exclusively online, for Canadian companies who wish to insure up to five of their U.S. or international customers against non-payment.
• Accounts Receivable Insurance – trade credit insurance option for Canadian companies looking to insure all of their U.S. and international sales against non-payment. It is an ideal option if you need the security of knowing you’ll be protected if any of your U.S. or international customers can’t pay.
• https://www.edc.ca