Credit Risk Insurance gives an opportunity to secure your business from the unforeseen bankruptcy of the buyer
Trade credit insurance is important for companies who sell goods/services on deferred payment terms. When selling goods on credit, there always exists a risk that the buyer might not fulfill payment obligations. Such risks are covered by trade credit insurance.
The insured event in credit risk insurance is
Bankruptcy of the buyer
Protracted default (Long-term non-payment)
The insured company gains the following competitive advantages
ability to offer deferred payment terms to the buyers
ability to prolong deferred payment terms
professional risk estimation and check-up of the buyers
confidence to start working on new markets and with new buyers
Why IGK Broker?
Specializes solely in credit risk insurance:
Employees have long experience in credit risk insurance (since 1990)
Collaborate with all credit risk insurers
IGK Broker is a part of IGK Group that provides debt collection and credit reporting service in CIS, Baltics, Central Europe and other countries
Broker negotiates with all insurers on behalf of the client. Broker serves the client’s interest
Broker makes a tender (competition) between insurers
You do not pay for Broker service. It is paid by an insurer
What does IGK Broker do?
Helps to get the most appropriate for your business offer:
Helps to fill in the application form in order to get insurance offers
Gets offers from all credit risk insurers in the market
Compares offers, analyses insurance agreements
Consults on choosing an offer
Assists in increasing limits acceptance
Negotiates with the chosen insurer on finalizing credit risk insurance agreement conditions
Assists to prepare all documents necessary for signing an insurance contract
Instructs your employees on TCI procedures
Can find a non-standard solution for your business
Support all insurance year long
Assistance on credit limits
– assistance on filing new debtors for checkup, – assistance on filing a higher limit request, – provision of additional information for limits reassessment
(in case if the accepted limit is not sufficient or if the insurer has decreased/cancelled a limit)
Assistance in preparing documents needed for claim payment
Assistance in negotiations with the insurer for policy prolongation or negotiations with all players in order to change the current insurer
IGK Group includes two broker companies: IGK Broker – Specialized Broker for Trade Credit Insurance licensed in EU. IGK Insurance Broker – the first specialized broker for debt liabilities insurance in Russia. Experience in Trade Credit Insurance since 1990, since 2006 in Russia. Cooperation with all credit insurers in Russian market.
The "old" Europe: ... about 1 bankruptcy every 8 minutes ...