Recognizing the risks associated with trade, Trade Credit insurance is the solution that GLOBAL offers to companies that deals with general and added risk associated with it, protecting the entire cycle from procurement to sales.
The essence of any business cycle is its continuity from procurement to sales and collection. Any break in the above could be devastating for the business.
While the other elements involved in the process are taken care of with various risk mitigation techniques available, the methods for receivables remains a lacuna, also for most uninsured part of the cycle. Credit Insurance is the panacea for company’s commercial accounts receivables from the loss caused by the insolvency or protracted default of buyers.
Strong and effective credit risk management is essential to protect and promote business growth. Current economic conditions have increased pressure on companies trading on credit terms. With continued concerns over the impact of unexpected levels of severe debt, companies need to apprehend their credit risk profile and ensure that they have sufficient balance sheet and cash flow protection.
In companies with branches or subsidiaries in different regional locations or countries, there is an added risk that inconsistent credit management procedures could lead to an absence of alertness of your overall exposure to customer failures or politically unstable markets.
Trade Credit insurance is the solution that GLOBAL offers to companies that deals with the challenges described above.
Our Trade Credit product provides pioneering credit risk protection solutions to protect your business from unmanageable debt whilst maximizing profitability. This specialized insurance will protect the client's profit & loss account, balance sheet and support the corporate governance best practices. Our skilled team shall provide security in new markets that allow the client to grow your business.
We have extensive technical expertise on credit risk evaluation and the design; placement and servicing of credit insurance policies. Credit insurance Covers, the risk of non-payment of trade debt. Protection for political and pre-credit risk can also be added giving the client confidence to trade on credit terms in ambiguous economic times.
Our team caters to placing of programs speedily and accurately in aboard markets, with various customization while preserving the product nobility including the post placement compliance.
Our market leading trade credit team offers an objective advice in respect of trade credit insurance solutions. Any size of business, domestic or worldwide shall be taken care of by our well-resourced team.
Our assistance in the wide-ranging analysis of the trade credit risks, their solutions and alternatives are instructive and vital.
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