A Guide to Trade Credit Insurance PDF
Preview A Guide to Trade Credit Insurance
A Guide to Trade Credit Insurance A Guide to Trade Credit Insurance By the International Credit Insurance & Surety Association Anthem Press An imprint of Wimbledon Publishing Company www.anthempress.com This edition first published in UK and USA 2015 by ANTHEM PRESS 75–76 Blackfriars Road, London SE1 8HA, UK or PO Box 9779, London SW19 7ZG, UK and 244 Madison Ave #116, New York, NY 10016, USA Copyright © International Credit Insurance & Surety Association 2015 The moral right of the authors has been asserted. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the above publisher of this book. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data A catalog record for this book has been requested. ISBN-13: 978 1 78308 482 1 (Hbk) ISBN-10: 1 78308 482 0 (Hbk) This title is also available as an ebook. Table of Contents Foreword vii Introduction ix Disclaimer xii Chapter 1 What is trade? 1 Chapter 2 What is trade credit insurance? 7 Chapter 3 Product types 15 Chapter 4 Risk types 21 Chapter 5 Typical set-up of a trade credit insurance contract 37 Chapter 6 Premium, the price for cover 41 Chapter 7 Day-to-day policy management 45 Chapter 8 Buyer risk underwriting in trade credit insurance 51 Chapter 9 Debt collection 75 Chapter 10 Imminent loss and indemnification 83 Chapter 11 Renewal, expiry, termination of a policy 95 Chapter 12 Single risk business 99 Chapter 13 The single risk insurance market: Private and public players 125 Chapter 14 Reinsurance of Trade Credit Insurance 131 Trade Credit Insurance resources 149 Glossary of trade credit terminology 153 Foreword I am very pleased on the occasion of the 85th Anniversary of the International Credit Insurance and Surety Association (ICISA) that it is marked with the presentation of this book, A Guide to Trade Credit Insurance. As a technician and manager in the credit insurance industry I very much enjoyed reading this book and I can recommend it to anyone interested in trade credit insurance, as it provides a clear introduction and explanation of the trade credit insurance product. I would very much like to congratulate and thank all the authors, editors and reviewers for their hard work in making this book such a success. I would also like to thank Willem Bongaarts and Edward Verhey at the ICISA Secretariat for managing the process on behalf of the Association towards its successful launch. It takes real dedication to make such a project happen and all concerned should be justly proud of this achievement and its readers be appreciative of the excellent result. I wish you pleasant reading. Jim Davidson President ICISA
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