BExA publishes updated Guide to Export Credit Insurance
BExA has published a revised and updated Guide to Export Credit Insurance.
Export credit insurance covers the risk of not being paid for goods and services that have been delivered, specifically invoices raised on overseas customers, political risks, insolvency and default. It gives exporters the confidence to extend credit to customers, protecting receivables without additional co-operation with the customer.
The Guide aims to present an impartial explanation of export credit insurance, help exporters to understand the subject and ultimately enable them to export more, whilst avoiding known pitfalls. It has been written by experienced credit insurance practitioners in the light of direct experience in exporting methodology and the needs and requirements of policies in terms of structure and wordings, and especially how these work through in terms of losses and claims. It was co-authored by Susan Ross (Aon), Jennifer Donaghy (WTW Financial Solutions) and Neil Ross (AIG), with contributions from a number of other members from specialist brokers and insurers, financiers and experienced exporters.
The Guide is freely available to download here.
Published 26 April 2023