What are the additional benefits of using credit insurance?
In addition to providing protection against bad debts credit insurance offers additional benefits. These include a number of credit management tools such as access to proprietary information on millions of businesses world-wide and ongoing risk monitoring, which can provide an early warning system for poor or deteriorating risks. In addition, credit insurance can be used to reduce bad debt provisioning as well as providing greater access to finance. A credit insurance policy can be used to provide security to a lender for trade or export finance.