Credendo is a European trade credit insurance group that covers worldwide risks, including emerging markets that many other insurers will not offer cover for. Their trade credit insurance solutions include whole turnover credit insurance, single risk credit insurance, excess of loss policies, top-up cover and surety.
Credendo’s standard whole turnover policy and single risk policy provides credit, political and potentially, contract cancellation cover. Their Excess of Loss solution allows companies to protect themselves against the risk of payment default without having to comply with imposed credit limits or involvement from the insurer. Top up cover can be provided enabling cover over the limits set by a traditional credit insurer.
Credendo is the collective name for the companies previously known as Ducroire Delcredere, Credimundi, KUPEG, INGO-ONDD, Garant and Trade Credit, who as of January 2017 now all trade under ‘Credendo’.
Strengths and Differentiators
Credendo are a leading underwriter for open account trade to developing, emerging and higher risk markets. A wide variety of policy structures and endorsements are available with a comparatively low minimum premium. Knowledgeable and experienced export debt recovery service.
Products and Services
Whole turnover, Specific debtor risk. Excess of Loss, Top Up.
Cover options include unfair bond calling, contract cancellation, project-style contracts, advance payment/performance, consignment contracts, if/when or pay when paid contracts.
The underwriter of choice for exporters selling to emerging developing or so-called “high risk” markets. High degree of flexibility in structuring a policy.
*approximate amount only for information purposes. Not published by underwriter.