Trade Credit
Ever since the financial crisis, confidence in conventional credit insurers has clearly sunk. Businesses are increasingly establishing their own structured credit management. To cover the credit risk which exceeds the customary frequency losses, ACE offers an excess of loss policy tailored to the policyholder's individual needs.
Focus
- Large sized corporate and global business
- Medium-sized businesses with an insurable turnover from around
Euro 50 million - Individual insurance solutions starting at Euro 5 million
- Businesses with established risk management procedures
Products
- Excess of loss cover for an entire client portfolio
- Individual cover for one piece of business or client
- Programmes with business-owned insurance (captives)
- Creation of pools and insurance cooperation
Particularities
- Non-cancellable credit covers (buyer and country limits)
- Fixed premium for the insurance period
- Global group limits
- High self-audit limit
- Support for risk management procedures implemented
- ACE's own rating for the insured accounts receivable
- Centralisation of decisions on credit limits and claims handling
- Decisions on all aspects of the policy are taken by named account handlers
- Online "ACE 360" portal for easy handling
- Access to extensive expert knowledge via ACE Country & Credit Risk Management (CCRM)
- For large client portfolios, where there is a self-audit limit, we may additionally call upon a service provider for the purposes of the risk assessment