Credit Insurance Companies

For any business that extends credit to its clients, credit insurance is a valuable asset. For example, say a company has 50 customers and sells washing machines. Of those 50 customers, the washing machine manufacturer feels 20 of those companies are their most important customers because they buy the most merchandise. The washing machine can identify which of those companies they’re most concerned about, maybe because of their history of past late payments, non-payments or their amount of extended credit. The underwriter for the credit insurance policy will investigate those specific clients and approve those that the policy would cover. A huge benefit is the underwriters will continue to monitor the financial health of those companies over time. Your company will recieve regular reports from the insurance company about your clients, and so, if the client meets financial difficulty, you and your company will be aware of it quickly.
The Foreign Insurance Association and FCIA have provided top quality insurance products and services to their customers since their inception in 1961. The FCIA have serviced customers’ needs through many political and financial crises around the world, including problems affecting the entire regions of Latin America and Asia, as well as problems affecting specific country events in places like Kuwait, Russia, Venezuela and Mexico. Their services also extend to underwriting through numerous economic downturns in the developed world, and the FCIA have also managed their risks and paid significant claims over their 45+ years of existence, demonstrating their status as a reliable trade credit insurance partner. Each FCIA customer is assigned to a team of 2 to 3 experienced underwriters, who handle all aspects of their relationship with the FCIA. With a wide range of products for companies and financial institutions that cover multiple types of transaction structures, the FCIA adds clear policy wordings and a flexible approach to tailoring coverages to satisfy specific customer needs.

Filed under: Uncategorized on February 4th, 2012