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Tremendously Rising Demand for Trade Credit Insurance in Order to Commercial and Political Risks, Safeguarding Finances from losses

September 29, 2021

Trade Credit Insurance is a risk management product offered by governmental export credit agencies as well as private insurance companies to business entities that wish to protect their finances from losses caused by risks such as insolvency, protracted default, and bankruptcy. Trade credit insurance also involves a component of political risk insurance, which safeguards buyers of this insurance from the risk of non-payment by foreign buyers led by factors such as expropriation, currency issues, and political unrest. In other words, trade credit insurance safeguards businesses from various political and commercial risks that might affect finances of these businesses.

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