A Guide to Trade Credit Insurance

195 Pages·2015·1.835 MB·English

by  The International Credit Insurance & Surety Association

A Guide to Trade
Credit Insurance

A Guide to Trade
Credit Insurance
By the International Credit
Insurance & Surety Association
Anthem Press
An imprint of Wimbledon Publishing Company
www.anthempress.com
This edition first published in UK and USA 2015
by ANTHEM PRESS
75–76 Blackfriars Road, London SE1 8HA, UK
or PO Box 9779, London SW19 7ZG, UK
and
244 Madison Ave #116, New York, NY 10016, USA
Copyright © International Credit Insurance & Surety Association 2015
The moral right of the authors has been asserted.
All rights reserved. Without limiting the rights under copyright reserved above,
no part of this publication may be reproduced, stored or introduced into
a retrieval system, or transmitted, in any form or by any means
(electronic, mechanical, photocopying, recording or otherwise),
without the prior written permission of both the copyright
owner and the above publisher of this book.
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library.
Library of Congress Cataloging-in-Publication Data
A catalog record for this book has been requested.
ISBN-13: 978 1 78308 482 1 (Hbk)
ISBN-10: 1 78308 482 0 (Hbk)
This title is also available as an ebook.
Table of Contents
Foreword vii
Introduction ix
Disclaimer xii
Chapter 1 What is trade? 1
Chapter 2 What is trade credit insurance? 7
Chapter 3 Product types 15
Chapter 4 Risk types 21
Chapter 5 Typical set-up of a trade credit insurance
contract 37
Chapter 6 Premium, the price for cover 41
Chapter 7 Day-to-day policy management 45
Chapter 8 Buyer risk underwriting in trade credit
insurance 51
Chapter 9 Debt collection 75
Chapter 10 Imminent loss and indemnification 83
Chapter 11 Renewal, expiry, termination of a policy 95
Chapter 12 Single risk business 99
Chapter 13 The single risk insurance market: Private
and public players 125
Chapter 14 Reinsurance of Trade Credit Insurance 131
Trade Credit Insurance resources 149
Glossary of trade credit terminology 153

Foreword
I am very pleased on the occasion of the 85th Anniversary of the
International Credit Insurance and Surety Association (ICISA) that
it is marked with the presentation of this book, A Guide to Trade
Credit Insurance.
As a technician and manager in the credit insurance industry
I very much enjoyed reading this book and I can recommend it to
anyone interested in trade credit insurance, as it provides a clear
introduction and explanation of the trade credit insurance product.
I would very much like to congratulate and thank all the authors,
editors and reviewers for their hard work in making this book such
a success. I would also like to thank Willem Bongaarts and Edward
Verhey at the ICISA Secretariat for managing the process on
behalf of the Association towards its successful launch. It takes real
dedication to make such a project happen and all concerned should
be justly proud of this achievement and its readers be appreciative
of the excellent result.
I wish you pleasant reading.
Jim Davidson
President ICISA