Trade Credit Insurance

With more than 35 years of experience in trade credit, AIG offers unparalleled local underwriting and policy servicing capabilities. We leverage decades of experience to provide innovative credit management tools and insights for middle-market businesses, large corporations, multinationals, and financial institutions. Our non-cancelable limits coverage, credit management tools, and debt collection services help these clients serve customers in more than 70+ countries.

The AIG Advantage

At AIG, we are committed to anticipating and meeting client needs by investing in evolving technology. The recent launch of TradEnable SM provides a full-cycle policy support portal for credit insurance.

Customized Solutions

Writes tailored, non-cancelable limits coverage for a client’s entire accounts receivable portfolio, selected buyers or a single buyer. Enables coverage flexibility to facilitate more attractive financing to increase working capital from clients’ same pool of receivables.

Multinational Expertise

Delivers solutions around the globe in support of master-controlled programs and locally compliant policies. Integrates seamlessly with complementary AIG domestic and multinational credit insurance solutions.

Stable Market Partner

Draws on decades of experience to provide sustainable solutions and market-leading claims expertise to support long-term relationships with brokers and clients.

Customized Solutions

Multinational Expertise

Stable Market Partner

Advantages in Action

Customized Solutions

Challenge

The incumbent carrier for a middle market electronics firm began to reduce limits and cancel certain portions of the company’s trade credit program.

Solution

After working with the client and broker to understand their credit concerns, AIG Trade Credit delivered a customized program with a competitive structure to meet the client’s specific needs.

AIG Benefit

The client moved forward operating their business with a strong non-cancelable trade credit program in place and certainty of coverage for the policy period.

Multinational Expertise

Challenge

A U.S.-based pharmaceutical company’s overseas subsidiary was contacted by a government seeking millions of infectious disease test kits but was concerned about getting paid for the kits.

Solution

AIG quickly brought together global resources to understand the risk and provided capacity to support the pharma company’s credit extensions to third parties contracted for distributing the kits.

AIG Benefit

The pharma company received the credit protection it needed to enable the efficient distribution of its test kits at a critical time.

Stable Market Partner

Challenge

A long-time food industry client was approaching renewal at a time when their business model had become high risk through government restrictions.

Solution

Using our experience and market knowledge, AIG helped identify credit concerns in the company’s portfolio and advised the client to insure their higher risk customers at reduced indemnity, while increasing credit limits for their lower risk customers.

AIG Benefit

The client received prudent account advice to modify its program, while continuing to manage important customer relationships.

AIG Trade Credit Solutions

We are a 40+ year provider of customized non-cancelable limits coverage and credit management tools for mid-market businesses, large corporations, multinationals, and financial institutions. With our products, domestic and foreign accounts receivable can be insured under a simple, comprehensive policy. Our structures typically include risk sharing in the form of co-insurance and/or deductible. We also offer non-payment coverage for short-term trade-related receivables.

Accounts Receivable Insurance

Protect one of your largest, most-vital assets with A/R Insurance. This policy is designed to be cost-effective while ensuring steady cash flow and mitigating risks of non-payment by key customers.

Trade Credit Insurance

Trade Credit Insurance protects sellers of goods and services on credit against the risk of customer non-payment due to customer insolvency, protracted default, political events, or acts of war that prevent contract performance.

A/R Secure®

Designed for business between $10 million and $100 million in annual sales, A/R Secure provides non-cancelable credit limits and simplified claims. It also connects easily to your existing accounting package.

Top Accounts/Single-Buyer Policy

Accounts/Single-Buyer Policies enable sellers to protect against exposure of non-payment by a single key customer. Policies are available for both short and medium terms.

Comprehensive Domestic and Export Credit Insurance

Comprehensive Domestic and Export Credit Insurance provides global sellers flexible safeguards against negative impacts on account receivables, including customer default and political events.

Accounts Receivable Coverage for Key Customers

Accounts Receivable Coverage for Key Customers protects against exposures associated with specified domestic or global customers: either the company as a whole or a subsidiary/division. Coverage is provided under our DECI policy form.

Domestic, Foreign, Global Accounts Receivable Insurance

Domestic, Foreign, Global Accounts Receivable Insurance covers any loss from buyer non-payment due to buyer insolvency, protracted default, or failure of the exchange authority in the buyer’s country to transfer foreign currency.

Trade Credit for Multinationals

Trade Credit for Multinationals provides global sellers with a controlled master program that combines the advantages of local and global credit insurance. Companies can maintain consistent protection and control in every market in which they operate.

Credit Insurance for Banks and Financial Institutions

Credit Insurance for Banks and Financial Institutions provides protection against risks associated with credit exposure and bad debts across the globe.

Medium Term Trade Credit

Medium Term Trade Credit protects manufacturers and lenders against losses due to customer non-payment for capital goods, machinery, and related equipment sold on credit terms of up to five years.

TradEnable

TradEnable SM is a user-friendly, full-cycle policy support portal designed for use with Credit Insurance. Its functionality helps minimize time spent on policy administration and provides customers with the tools they need to better manage risk.

Brokers: Meet Your AIG Team

View contact information for AIG’s national product and distribution teams.

What is Trade Credit Insurance?

Trade credit Insurance (TCI) is sometimes referred to as “accounts receivable insurance,” “debtor insurance,” or “export credit insurance.” It helps businesses protect their capital, stabilize cash flow and sometimes assist in securing better financing terms from banks by establishing confidence in their customers’ ability to repay their accounts.

TCI protects a business against its commercial customers’ inability to pay for products or services—sometimes due to bankruptcy, insolvency, or political upheaval in countries where the trade partner operates.

The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.

Related Content

EXPLORE

LEGAL

SUPPORT

Copyright © 1997-2024 American International Group, Inc. All rights reserved.

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners.

AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

DO NOT SELL OR SHARE MY PERSONAL INFORMATION

The California Consumer privacy Act gives California residents the right to opt-out of the sale or sharing of their personal information. A "sale" is the exchange of personal information for payment or other valuable consideration and includes certain advertising and anatytics practices. "Sharing" means the disclosure of personal information for behavioral advertising purposes, where the informatirm used to serve ads is collected across different online services.

Your request to opt out will be specific to the browser from which you submit your request, and you will need to submit another request from any other browser you use to accessour website. Additionally, if you clear cookies from your browser after submitting an opt-out request, you will clear the cookie that we used to honor your request. For this reason, you will have to submit a new opt-out request.