Trade Credit Insurance South Africa

May 16, 2021

We price your risk on individual debtors so that you can determine the correlation between risk and cost and make better business decisions. Us$650 million in global coverage.

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It is protection against your customers’ failure to pay their trade debts due to insolvency or because they failed to pay within the agreed timeframe.

Trade credit insurance south africa. Over $700 million us premium. We do so by providing confidence against buyer default and insolvency as well as peace of mind against the political uncertainties of doing business in emerging markets. The rates quoted take all aspects of your business into consideration, such as the industry in which you operate, turnover and bad debt history, spread of risk across your portfolio and quality of buyers with which you trade.

Credit guarantee was established in 1956 and began. What is trade credit insurance? As a founding member of hollard in 1980, miles held the position of chief executive of.

Founded in 1956, credit guarantee insurance corporation (cgic) has spent more than 6 decades in business, establishing ourselves as south africa’s leading trade credit insurer. With trade credit insurance in place, companies can generally extend more open credit to customers or enter new sectors or markets. Corporate advantage is an insurance policy that covers trade credit receivables in both domestic and export markets.

The company is based in gauteng province, however it operates nationally. With the proper credit insurance to protect receivables, you can offer buyers attractive terms, enabling you to seize more global opportunities while protecting the balance sheet. 300+ trade credit specialists in 50 countries.

Aia over the years successfully supported small emerging black brokers to develop and grow their business by providing supervision,. Swiss re corporate solutions offers trade credit and political risk insurance to help companies facilitate international trade and investment. Our trade credit cover offers you selected debtor trade credit insurance, allowing you the opportunity to select the risks you want to insure and, once approved, to set your own limits.

With over 5 years experience in the credit insurance industry, debtor protect. Trade credit insurance covers your receivables due within 12 months so that your cash flow is safeguarded. Here’s why you need hollard’s trade credit insurance:

Trade credit insurance solutions indemnifies a seller against: The company places guarantee and commercial. Furthermore we also provide various surety & bonding services via our specialised business unit.

Our cover allows you to select the risks you want to insure and set your own limits. Credit guarantee insurance corporation of africa limited is a south african financial services company that continues to excel in the field of domestic and export trade credit insurance. A properly tailored business credit insurance policy can help you grow your business with the security of knowing that should the worst happen, you have the right bad debt protection in place.

We leverage our strong partnerships to extend our reach beyond south africa’s borders and provide domestic and international trade credit insurance to credit buyers throughout the african continent. We use marsh’s global relationship with insurers strategically to leverage the best possible value for you and employ an expert team that focuses only on trade credit insurance and has a detailed understanding of the issues, the insurance market and the solutions available. This has the obvious benefit of reducing the risk of payment default, but also increases your competitive advantage, enabling you to compete on equal terms throughout the international market.

Insure your debtors today with a credit insurance policy and have peace of mind that should a bad debt occur, it won’t cripple your cash flow. As the world's largest importer, and second largest exporter of manufactured goods, the united states has had a trade deficit since the early 1970s. Many companies are also entering new markets and extending their supply chains across multiple territories, all of which further increases the need to protect themselves from risks involving trade debts.

We have a standalone trade credit claims management team that. Agisanang insurance administrators (pty) limited (hereby referred to as aia) is a privately owned company which was established in 2005. An application for credit insurance is available on our website, which once completed can be sent to us along with your latest month end age analysis or alternatively contact one of our.

At coface south africa, we value the role of the broker channel in the business community. Surety solutions (pty) ltd., is an independent, niche market short term insurance brokerage specialising in the procurement of performance, customs, mining rehabilitation, travel, trade credit, financial guarantees and credit insurance solutions including cell captive and contingency insurance. Trade credit re insurance company sa/nv (trade credit) is specialized in a specific technique for covering commercial credit risk in b2b:

Brokers can add value to the relationship they have with their clients, by educating them on credit management issues such as how to avoid the problems of bad debt and late payment, thereby giving clients an opportunity to secure and grow their business. Using an analysis based on historical estimates of a potential trade balance, coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan. 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.

Credit guarantee insurance corporation of africa limited is a south african financial services company operating in the field of domestic and international credit insurance.

Atlanta native Stephen Satterfield founded the