A Guide to Trade Credit Insurance

A Guide to Trade Credit Insurance is a reference book on trade credit insurance, written from an international perspective. It is a compilation of contributions from various authors and reviewers drawn from ICISA member companies. The book provides an overview of the whole process regarding trade credit insurance, including the history of trade credit insurance, trade credit insurance providers, the underwriting process, premium calculation, claims handling, case studies and a glossary of terminology.-- Provided by Publisher This compact volume is a practical guide for anyone interested in Trade Credit Insurance. The International Credit Insurance & Surety Association (ICISA) presents an approachable but detailed guide written collaboratively by carefully selected industry experts. The guide describes the ‘lifeline'of the credit insurance product, from the initial application stage to the expiration phase of the policy, including practical use aspects for credit managers. The volume offers compact information on the history of trade, the need for protection against trade credit risks, and solutions offered by credit insurance providers. The focus is on short term credit, including whole turnover policies and single risk policies. What is trade? -- What is trade credit insurance? -- Product types -- Risk types -- Typical set-up of a trade credit insurance contract -- Premium, the price for cover -- Day-to-day policy management -- Buyer risk underwriting in trade credit insurance -- Debt collection -- Imminent loss and indemnification -- Renewal, expiry, termination of a policy -- Single risk business -- The single risk insurance market : private and public players -- Reinsurance of Trade Credit Insurance