Credit
Insurance
InSur
What is a Credit Insurance?
It is a tool that protects companies from the risk of non-payment of accounts receivable both in the domestic and international markets, caused by declared insolvency or presumed insolvency, or by unpaid debts for more than six months. It is a financial and commercial tool that helps companies grow in the markets they operate in by monitoring and assessing the credit of their client portfolio.
How does Credit Insurance work?
Coverage
Global Scope
Risk Analysis
Más
Disponemos de una amplia base de datos, permanentemente actualizada según información financiera, datos de bases públicas y el cruce de información respecto al comportamiento de pago de los clientes con cada uno de sus proveedores, herramienta altamente valorada por nuestros asegurados.
InSur cuenta con un Sistema de Aprobación Automática de Límites de Crédito, permitiendo a nuestros asegurados tener acceso a respuestas instantáneas online a través de nuestra pataforma Extranet.
Types of Coverage
Credit Insurance
Domestic Credit Insurance
It provides coverage for credit sales made in the domestic market to legal entities with a commercial purpose. The policyholder’s domestic credit portfolio is divided into two types of clients: named and unnamed, according to the credit limit granted to each one, establishing a division that will depend on the dispersion of the portfolio and the sales volumes agreed with the clients.
Export Credit Insurance
It provides coverage for credit sales made in the international market, covering the commercial risk of exports based on the risk analysis conducted by a team of experts. Additionally, periodic monitoring of clients is carried out, as well as the collection of any unpaid debts, which is particularly important abroad due to legal, language, and cultural differences.
Advantages
It allows you to export to current and new customers under previously evaluated credit conditions, without the need to require payment guarantees, saving time and resources for clients who do not financially qualify.
The policyholder can additionally purchase a special clause to cover Political Risk, which covers losses arising from non-payment of credits due to political decisions or situations unrelated to the buyer’s insolvency. This includes:
• War, civil war, revolution, or occupation of territory by foreign forces.
• Expropriation or confiscation, requisition of goods, or delay in currency transfer due to lack of government instructions.
• Cancellation of export or import permits.
• Unilateral contract cancellation by the importer’s government.
InSur also provides coverage for credit sales made by companies established or domiciled outside of Argentina, or by subsidiaries of our policyholders, who wish to cover their exports or local market sales.
Complementary Services
Evaluation and monitoring of the portfolio
Collection in case of Claims
Indemnification
Advantages
- InSur is your “partner,” assuming the majority of the risk on accounts receivable.
- It allows for reducing provisions for uncollectible accounts.
- It protects creditors from the risk of non-payment.
- It improves the company’s financial rating.
- It facilitates entry into new markets.
- It helps organize and structure credit policies.
- It makes access to financing easier, as the policy can be endorsed to third parties.
