UK Credit re-launch Credit Insurance Direct
Following the aquisition of the London based Trade Credit arm of the Lloyd’s broker OAMPS, UK Credit are pleased to confirm their continued support for Credit Insurance Direct, the unique product developed in conjunction with and underwritten by Coface. UK Credit see Credit Insurance Direct as a key component of their SME strategy and have plans to develop the product further with significant investment. Speaking at the re-launch, Keith Swain, MD of UK Credit said “UK Credit’s success was built on sourcing innovative credit insurance solutions for the SME and Trade Finance Sectors. With our strong national coverage and well developed web presence we see Credit Insurance Direct as a natural progression in providing a simple and cost effective debt protection and credit management product backed by a leading global player to the UK market.” James Burgess Head of National Accounts, Coface UK and Ireland added “We welcome the involvement of UK Credit re-launching this online distribution channel, Credit Insurance Direct. UK Credit have been a market leader in growing the UK Credit Insurance market and as a valued partner we are confident that they have the resource to maximise the product’s potential.”
The challenging economic conditions have increased interest from businesses seeking to protect themselves from losses due to insolvency or non payment and history suggests that as the economy emerges from recession there will be a growing number of business failures. Credit Insurance Direct provides an accessible solution via a web based debt protection product through an interactive quoting module allowing a business to obtain a quote and check the levels of cover all at the click of a mouse. The policy offers comprehensive levels of cover and is underwritten by Coface one of the world’s most respected providers of Trade Credit Insurance and accounts receivable solutions.