Largest Trade Credit Insurance Companies in the World

The world of trade credit insurance is a complex one, but don't worry, we've got you covered. Aon is one of the largest trade credit insurance companies in the world, with a global presence and a wide range of insurance products.

Aon's trade credit insurance policies are designed to protect businesses from the risk of non-payment by their customers. This can be a major concern for companies that rely on trade credit to keep their cash flow going.

Aon's policies are tailored to meet the specific needs of each business, taking into account factors such as industry, location, and creditworthiness of customers. This level of customization is one reason why Aon is such a popular choice among businesses.

With over 100 years of experience in the industry, Aon has a deep understanding of the trade credit insurance market and is well-equipped to provide expert advice and guidance to its clients.

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The top companies in the trade credit insurance industry are a who's who of global giants. ACE is one of the most prominent players, operating in multiple countries including the United States, Canada, and the United Kingdom.

Some of the other top companies include AIG, Atradius, and Chubb, which are all major players in the industry. These companies have a strong presence in various regions, including Europe, Asia, and the Americas.

Here's a list of some of the top trade credit insurance companies:

In the United States, some of the largest and most popular trade credit insurance companies include ACE, AIG, Argo Surety, Atradius, Chubb, Coface, Euler Hermes, The Guarantee Company of North America, QBE, Travelers, and Zurich.

ACE is a notable company in the US, also appearing in the lists for Canada, the UK, Australia, and several other countries.

Atradius is another prominent player in the US, with presence in over 50 countries worldwide, including the UK, Australia, and several countries in Asia.

Coface is a well-established company in the US, also operating in many other countries, including the UK, Australia, and several countries in Europe and Asia.

Euler Hermes is a leading trade credit insurance company in the US, with operations in over 50 countries worldwide, including the UK, Australia, and several countries in Europe and Asia.

The following table shows some of the trade credit insurance companies by country:

These companies are just a few examples of the many trade credit insurance companies operating globally.

Sales expansion is a crucial step for any business looking to grow. Trade credit insurance proves to be the most beneficial for this purpose.

This is especially true when expanding into a different country and involving export. Best trade insurance companies not only insure your accounts receivables but also offer your customers expert insights and due diligence.

This allows you to acquire new customers and increase sales by giving them the best credit terms without any risk of non-payment of dues. Resolve makes B2B payments seamless and cash flow predictable.

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AIG Insurance is a reliable trade credit insurance company with over 35 years of experience, serving customers in over 70 countries. They offer a range of products and services to help businesses manage their credit risks.

AIG Trade Credit Solutions provides customized non-cancelable limits coverage and credit management tools for mid-market businesses, large corporations, and financial institutions. Their products can be used to insure domestic and foreign accounts receivable under a simple, comprehensive policy.

Some of AIG's main trade credit insurance policies include Accounts Receivable Insurance, Trade Credit Insurance, A/R Secure, and Top accounts/Single Buyer. These policies can help protect against non-payment risks due to insolvency, political risk, or war.

A/R Secure provides non-cancelable credit limits for businesses making annual sales between $10 million and $100 million. This policy can help businesses with steady cash flow and mitigate non-payment risks.

Their credit insurance policies can be tailored to meet the needs of various industries, including banking and financial institutions, manufacturers, and lenders. They also offer domestic and export credit insurance for global sellers.

Here are some of AIG's main trade credit insurance policies:

Accounts Receivable Coverage is a crucial aspect of trade credit insurance. It protects businesses against losses due to buyer non-payment, insolvency, or protracted default. Domestic, Foreign, Global Accounts Receivable Insurance covers any loss from buyer non-payment due to buyer insolvency, protracted default, or failure of the exchange authority in the buyer’s country to transfer foreign currency.

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There are various types of Accounts Receivable Coverage available, including Single Risk, Key Accounts, Excess of Loss, Financial Institutions / Supply Chain Finance, and Syndications. Noncancellable comprehensive trade credit insurance coverage with a risk tenor of up to three years is also available.

Some businesses may choose to opt for alternative options to traditional trade credit insurance companies, such as sophisticated credit management software or using net terms as a service provider like Resolve. Resolve offers fast and confidential credit checks, approves customer invoices, and provides up to 90% upfront payment to businesses, minimizing their risk.

Businesses should consider the following factors when choosing an Accounts Receivable Coverage provider: Coverage, Policy limits, Rates, and Reputation. A financially stable company will be able to pay claims promptly, and a good reputation is essential for a smooth claims process.

Here are the different types of Accounts Receivable Coverage:

Insurance companies can be a crucial part of protecting your business from non-payment risks. However, it's essential to do your due diligence and compare coverage, price, and policy limits between different companies.

When comparing policies, consider the following factors:

A financially stable company will be able to pay claims promptly regardless of the state of the economy.

AIG's Multi-Buyer policy is designed for companies that are willing to accept a degree of risk share and are looking for an insurance partner to back up their own credit management.

This policy offers comprehensive portfolio protection, giving you peace of mind when dealing with multiple buyers. AIG's underwriters are dedicated and empowered to make quick decisions, managing your policy from quotation through to claims.

The Multi-Buyer policy has low administration, making it easy to manage your policy. You can access a 360 online portal to manage all aspects of your policy.

Here are some key benefits of the Multi-Buyer policy:

AIG's experience in trade credit, with over 35 years of experience, gives you confidence in their ability to protect your business.

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Insurance companies like AIG, Amynta Trade Credit & Political Risk Solutions, and Allianz Trade offer trade credit insurance to protect businesses from non-payment by their customers. These companies have extensive experience in trade credit, with AIG having over 35 years of experience and Allianz Trade having over 100 years of experience.

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AIG offers non-cancelable limits coverage, credit management tools, and debt collection services to its clients. They also provide innovative credit management tools and insights for middle-market businesses, large corporations, multinationals, and financial institutions.

Amynta Trade Credit & Political Risk Solutions offers customized non-cancelable limits coverage and credit management tools for mid-market businesses, large corporations, multinationals, and financial institutions. They have a team of underwriters who are encouraged to listen, empowered to make decisions, and driven to build strong and enduring relationships with their customers.

Allianz Trade has a global presence with 300 offices in 50 countries and monitors over 85 million companies in their database. They use this information to accurately forecast the probability of default and assign specific credit limits to customers.

Here are some of the top trade credit insurance companies:

These insurance companies offer a range of benefits, including protection against non-payment by customers, credit management tools, and debt collection services. They also offer customized solutions to meet the specific needs of their clients.

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Trade credit insurance is not just a risk mitigation tool, it's a valuable asset for businesses. It helps protect against non-payment by customers, which can be a significant financial burden.

One of the main benefits of trade credit insurance is that it allows businesses to focus on growth and expansion, rather than worrying about unpaid invoices. This is because the insurance covers the risk of non-payment, giving businesses the confidence to take on new customers and projects.

Having trade credit insurance can also improve cash flow, as businesses can recover the value of unpaid invoices more quickly. This is especially important for small businesses, which often rely on a steady cash flow to stay afloat.

By insuring their accounts receivable, businesses can reduce their financial risk and increase their overall stability. This is a key benefit of trade credit insurance, and one that can have a significant impact on a business's bottom line.

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Chubb's global expertise is a key factor in their success as a leading trade credit insurance company. They have strategically located hubs in major cities worldwide.

Their underwriting team works together as a single unit from these hubs, which are located in the USA, Europe, Latin America, and Asia. Specifically, you can find Chubb's underwriting team in New York, Chicago, and Los Angeles in the USA; London and Hamburg in Europe; São Paulo and Buenos Aires in Latin America; and Tokyo and Singapore in Asia.

Here are the locations of Chubb's regional offices where you can contact them for a discussion:

AIG has over 35 years of experience in trade credit, offering unparalleled local underwriting and policy servicing capabilities.

To choose the right trade credit insurance company, you need to do your due diligence and compare coverage, price, and policy limits between different companies. This will help you find the best fit for your business.

Consider the following factors when comparing policies:

It's essential to research and compare different companies to find the one that best suits your business needs. AIG, for example, offers non-cancelable limits coverage and credit management tools that can benefit middle-market businesses and large corporations.