Credit insurance

Trade credit insurance protects your business from bad debts. It insures your accounts receivable and protects your business from unpaid invoices caused by customer bankruptcy, political risks, or other specific reasons agreed upon with us.

Trade credit insurance is also sometimes known as debtor insurance, export credit insurance and accounts receivable insurance.

1. We assess the creditworthiness of your prospect or customer and inform you whether we can insure your sales to them, and if so, for how much.

2. You start trading and inform us regularly about your turnover with the insured customers. The frequency of the turnover declaration is defined in the contract.

3. Unpaid? Per the contract, we'll first attempt to collect the debt through our collection service. If unsuccessful, we'll settle your claims based on the agreed policy terms.

Pricing is based on a small percentage of your annual sales depending on a number of factors, such as:

Turnover

The premium is computed by multiplying the turnover by a premium rate, mostly below 0.5%.

Sector

Some sectors are more volatile, with risks reflected in premiums and closely monitored for changes.

Credit

Time allowed for your customers to make payment is factored into the premium.

Countries

Trading risks vary by country , and your premium reflects these differences.

Grow your customer base by attracting potential buyers with favorable credit terms
Expand your trade with the confidence to develop and grow your market
Support cash flow, allowing you to strengthen relationships with suppliers and employees
Safeguard customer relationships through improved communication and enhanced credit term
Improve access to finance and strengthen your relationship with your bank
Meet the risk management requirements of your stakeholders or board, providing peace of mind

One Credit Insurance policy, personalised options

To keep things simple, we operate just one policy – Modula. Within this are a range of modules to suit your needs. Acting as ‘building blocks’ of cover, this allows us to create a detailed and bespoke policy for you, to reflect your individual trade exposures.

This can be particularly useful when operating several policies to cover your different customers or markets.

Modula allows for varying levels of risk and need between customers to be clearly identified and differentiated. Providing a single policy promotes standardisation and clarity, while the individual modules allow for a custom fit and a policy suited to each individual need.

Further benefits of our Modula system include:

Consistency across markets and languages – our multilingual underwriters and legal team ensure your policy is clear and promotes the same meaning in all languages;
Transparency – your policy will only contain conditions that are relevant to you and will not be confused with jargon or conditions that need not apply;
Easy online administration – you can manage your policy directly through our new online system Atradius Atrium.

Quote

"Atradius helped us to grow our business step by step. We have provided a better service, been able to increase activity with old customers, and start business with new ones."

Credit Manager, Large Agriculture Company

Our customer service

Easy account management

You can manage your daily policy activites and analyse your portfolio of your customers directly through our credit management hub - Atradius Atrium.

Learn more about Atradius Atrium

One policy, personalised options - Modula

Debt collections brings peace of mind

In addition to covering up to a maximum of 95% of bad debts, our debt collections service is an integral part of your policy. This means that, for no additional cost, we will help you settle outstanding invoices through our network of collections specialists throughout the world.

Local expertise in local markets

Our experienced team are located throughout the world to support your business in any country, time zone, currency and language.

Case study

Case Study - Giti Tire Pte Ltd Automotive Industry Credit Management

信用保險是全球頂尖製造商 Giti Tire Pte Ltd 公司應收帳款風險管理與銷售流程中不可或缺的一環。

Jul 18, 2024

Read success story

Trade and grow with confidence