Trade Credit Insurance: Securing Business Cash Flows

by admin

Trade Credit Insurance (TCI) protects businesses from losses due to customer non-payment caused by insolvency, defaults, or political risks. It ensures steady cash flow and reduces financial uncertainty, vital for businesses operating on credit terms.

Key Benefits

  1. Risk Mitigation: Covers unpaid invoices, safeguarding revenue.
  2. Market Expansion: Enables businesses to enter new markets with reduced payment risk.
  3. Access to Finance: Insured receivables improve creditworthiness, helping secure better financing terms.

Industry Insights

  • Market Size: TCI is projected to grow to $18 billion by 2030.
  • Claims Data: In 2023, 55% of claims stemmed from insolvency, 30% from defaults, and 15% from political risks.
  • Digitalization and climate risks are reshaping policies.

TCI is a vital tool for managing financial risks, stabilizing cash flows, and supporting business growth in an unpredictable global economy.

For any insurance solutions, please contact Beacon Insurance Broker Pvt Ltd at https://www.beacon.co.in/  

Insurance is a subject matter of solicitation

Related Posts