Trade receivables insurance
Trade receivable (Credit) insurance provides efficient transfer of risk relating to customer payment defaults due to insolvency and protracted payments through the Whole Turnover (WTO) insurance programmes.
Credit insurance does not only indemnify bad debts, it also improves internal processes and procedures, and, as a result, the relationships with a company’s clients. Additionally, it increases negotiation power towards various stakeholders (banks, leasing companies, suppliers, etc.) as the credit rating of an insured company improves.