Euler Hermes > Credit insurance > Our expertise > What is credit insurance?

What is credit insurance?

 

​​​​​​​​​​​​​​​​​​​​​​​

 

​​Credit insurance protects your business from non-payment of commercial debt. It makes sure that your invoices will be paid and allows you to​ reliably manage the commercial and political risks of trade.

 
 
Buyers all around the world demand looser credit terms. Saying yes to them can likely boost sales and keep customers happy. 
 
 
​Half of buyers  have requested more credits 91% of exporters offer open accounts upon buyers' request​ 82% do so to​ increase trade sale 3/4 do so to boost customer loyalty request
 WEB%20DATA%202
 
But buyers often pay late, and sometimes they do not pay at all.
 
data%203
79% of exporters experience overdue payments 
 
 
70% of overdue payments came from 
existing buyers and 30% from new
buyers
 
 
53% suffer from bad debts in the past
3 years, an annual loss of HKD200,000
 
*Source: Euler Hermes Hong Kong Market Survey 2014
 
 
 
 
Trade credit ​insurance can solve the dilemma. Exporters use trade credit insurance to:
 
• Protects against buyers defaulting (27%)
• Allows selling to new international buyers (17%)
• Assists in expanding to risky or emerging markets (16%)

 
 
Watch the What is credit insurance video below to find out in just 2 minutes how it can help your business.

​​

Credit Insurance policies  


Euler Hermes credit insurance policies suit ambition and trades of all sizes and sectors:

Multinational Companies

> more 
Medium and Large Companies
> more
​Small Companies

more 
 
See h​ow our clients have benefited from Euler Hermes credit insurance​ protection. 

​​​​
​​
 

 Get a Quote

 
​​