Now is the time for companies to actively seek out opportunities to trade overseas secure in the knowledge they have the right Trade Credit Insurance to protect them, delivered by a knowledgeable and respected local expert; one who is part of a prestigious, experienced and highly regarded membership organization.
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Our client was from the Electronic Industry with an average turnover of $10M.
They required credit limits for buyers from China. Huge credit limits were being requested from OEM/ODM manufactures where the syndication arrangement costs were very high for them.
They approached ICBA Taiwan to find credit limits. They required our expert help and were looking for our opinions. We knew what the client needed and were able to appraise them of the current market situation. We answered their many questions fully. We explained credit insurance, the market and a brief history on our company including our role within the ICBA. We provided underwriting information for the market survey and then presented these results together with our opinion on which Insurer our client should select. Once the Policy was issued we provided training to our client about their Policy, terms and conditions.
Our relationships with Underwriters were of real benefit to our client. We improved limits and the Insurer attended and spoke at the training. And we secured a more competitive premium.
Our client is from the commodity trading sector – non-ferrous metals with an…
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Read moreThe ICBA is best known for our Partners’ expertise, experience and forging local Underwriter relationships in Trade Credit Insurance. But there are other complementary services our Partners provide too. These are services that enable businesses to grow and to export, secure in the knowledge that all bases have been covered.
Your ICBA Broker team will work alongside you to provide a strategic range of tailored solutions. Trade Credit Insurance is changing and today’s Broker must be able to work closely in harmony with Underwriters.
The need for increased credit limits on key customers is becoming a challenge and it is not uncommon for Brokers to work with several Underwriters to provide much higher credit limits and claim payment certainty that will fully support a client’s expansion.
Many ICBA Broker Partners use the most technologically driven and effective Compliance Risk Software to monitor their Policies.
Our range of services also includes the following:
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