Credit insurance providers consist mainly of banks, private insurance companies and even capital funding companies. They offer credit insurance either as a main product or a component of other products and services. Today, the biggest credit insurance companies were formed through mergers, acquisitions or consolidations of smaller insurance firms or buying out the credit insurance segment of other companies who changed their business focus.
London’s pre-eminence as a world finance and trade centre has resulted in the most sophisticated and competitive trade credit insurance market. All the underwriters listed below continue to be rated by agencies such as Moody’s and Standard & Poor’s at an investment grade level and provide a the range of credit insurance policies outlined in this site to protect the seller against most of the risks that cause payments to fail.
The three biggest credit insurance companies in the world today account for a hefty 85% of the total global insurance market. They are Atradius, Coface and Euler Hermes:
Euler Hermes is considered as the world's biggest credit insurer. It was formed when Allianz SE of Germany was acquired by Assurance Generales de France (AGF) in 2002. Euler Hermes has 53 subsidiaries around the world and maintains its headquarters in Rue de Richelieu in Paris.
Atradius is the second largest credit insurer and was formed when two leading international credit insurance providers NCM and Gerling Credit Insurance Group merged in 2001. The resulting company was renamed Atradius in 2004. Core products include credit insurance, export credit insurance and installment credit protection, among others.
The third biggest credit insurance underwriter, Compagnie Francaise d'Assurance pour le Commerce Exterieur (COFACE), was originally an export credit agency founded in 1946 and eventually became the credit insurance arm of the banking group Natixis. COFACE offers export credit insurance and accounts receivables management and currently has presence in 93 countries.
However, UK Credit Insurance Ltd work with all the major credit insurance providers as each have specialisms that may best match a business’ requirements. By assessing the product offerings of all our underwriters, we are able to recommend the best solution for clients needs.
Most policies from our underwriters are written on a whole turnover basis covering all the debtors, however cover is available on a variety of different structures and we will be happy to guide you through the options. We have highlighted areas which we feel differentiate each of the listed underwriters, but we have not attempted to list all the classes of risk they will cover. Click on the underwriter name below to take you through to their specific page or contact us for a full appraisal of your requirements
To request an indicative quotation or more information please complete the outline credit insurance quote request form.