cover details
brokering trade credit insurance (cover of losses due to non-payment of business partners) is a very specialized b2b service. as this service is continuously upgrading in different countries there is a wide range of product variations, clauses and also obligations. always depending on the individual company needs this applies among others to:
policy coverage
domestic, export / definition of insurable portfolio / single risk cover / short term, medium term
type of premium
turnover premium: on insured clients / on insured turnover
on balance outstanding: from insured clients / from insured receivables
on credit limits
fixed
franchises
self retention (10-20%)
each and every loss
threshold
annual aggregate
manufacturing risk cover, seasonal credit limits, top up cover, run in- run off cover…
in order to comply with the growing demand of our clients for covering their domestic
business in china as well as their exports to china, delcreda has set up its delcreda china
desk. the main tasks of this china desk are
to provide transparency in a very nontransparent market – information about local
buyers and market processes are key.
to provide the best possible trade credit insurance coverage to our clients – often by
negotiating individual solutions with relatively unexperienced trade credit insurers
to support our clients in non-payment situations
for this purpose, our chinese expert xin yang works with two leading chinese insurance
brokers to make sure that local government guidelines are respected and the negotiated
insurance solutions being implemented to full effect.
 coordinates all communication with our client’s local office, its head
office and chinese insurers.