All companies have domestic or export sales on credit terms, resulting in significant credit risk. While most companies have traditionally carried most of their credit risk themselves, buyer insolvency and credit default trends have increased multifold in recent times, necessitating companies to turn to other channels, like Credit Insurance. Globally 30% of trade receivables are insured for credit, and this trend is increasing sharply in India. In association with Bajaj Allianz Pvt. Ltd., we provide our clients with a comprehensive credit insurance service that
- Protects your receivables
- Provides continuous monitoring of risk
- Provides complete credit management solutions (Risk Analysis, Risk monitoring & Recoveries)
- Facilitates effective collection of debt
- Provides review of buyers credit status
- Enables you to access newer and markets
- Improves your credit rating
- Improves Bankers confidence and could help improve cost of borrowing
- Helps you focus on your core business
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- Only trade receivables.
- Minimum of five(5) buyers
- Proper spread with less concentration (whole turnover)
- Business to Business transactions - No Retail
- Solidity of policyholder
- Level of Insurable turnover
- Quality of Buyer Base and spread
- Historical bad debt losses / Major losses
- Credit terms
- Product & Trade sector / Industry & Country risk
- Growth potential
- Deductibles & Max liability / Credit mgmt quality
THE CREDIT INSURANCE IS UNDERWRITTEN BY EULER HERMES, WHO ARE GLOBAL LEADERS IN CREDIT INSURANCE & CREDIT MANAGEMENT
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