AIG’s Trade Credit insurance covers a broad range of sectors with a positive outlook on Expertise in Bank and Trade Finance Insurance programmes that assists companies to trade successfully across the UAE and beyond.
When a company agrees to sell its goods or services on credit to a buyer, it automatically places itself at risk. If a buyer does not pay for the goods or services rendered, the effects can be detrimental to the seller’s balance sheet, bottom line and ultimately its future success.
Trade credit insurance provides sellers with the accounts receivable protection needed to safeguard themselves against a customer default due to financial or political events. Our solutions range from policies that insure all or part of a seller’s account receivables book, to a host of industry leading online tools that allow sellers to manage and set customer credit limits using live sales ledger data. As our partner, sellers have the reassurance to offer more competitive terms of sale without significantly increasing their credit risk – seeking new sales opportunities with confidence and success.
Features & Benefits
Cover for non-payment due to the insolvency or default of both domestic and export buyers.
Excess of Loss cover for non-payment due to the insolvency or default of a buyer, or inability to transfer currency due to a political act. Non-Cancellable Buyer and Country limits available providing greater contract certainty.