B2B eCommerce Q&A Forum

    1. Virginia Newcome
    2. CREDIT INSURANCE SERVICES
    3. Tuesday, 03 October 2017

    We have been in business for some years now but never used Trade credit Insurance. Can someone tell me a little bit more about this kind of insurance?

    Solomon Wisdom Accepted Answer Pending Moderation
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    The best way to understand trade credit insurance is to see this video from Euler Hermes, one of the leading trade credit insurance providers.

    Trade credit insurance services provide insurance that the seller gets paid for the good or services delivered. These services protect the companies’ financial health and cash flow from bad debt losses and can also include Debt Collections, Credit information and Analyses.

    Export credit insurance for cross border transactions are also provided by most of these companies as they are global in scope. These services typically include global accounts receivable Insurance covering losses from buyer non-payment due to insolvency, protracted default, or failure of the country exchange authority etc. Most of the providers are global companies who provide their services through agents and broker networks worldwide. These providers generally maintain databases of companies worldwide running in the 100s of millions. As a result underwriting decisions are generally quick and services are timely. The B2B ecommerce cross border sellers need to use these services and include the cost in their pricing.

    The Biz-Buy incubator AGORA.MARKET provides the listing companies with a suitable list of such companies from which to procure this coverage at competitive rates.

    1. more than a month ago
    2. CREDIT INSURANCE SERVICES
    3. # 1
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