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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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Happy Birthday Trade Credit Insurance!

11 Dec, 2019

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The year 2019 is special if you’re in the business of Trade Credit Insurance which all ICBA Partners are. That’s because 2019 marks the 100th anniversary of Trade Credit Insurance or, to be more specific, it’s 100 years since it was developed for UK traders.

Andy Moylan, ICBA UK Partner and the Managing Director of multi award winning Efcis Trade Credit Insurance Brokers said: “In the last 100 years the world of trade has opened up and businesses are taking the opportunity to expand beyond their front door through exporting.Trade Credit Insurance continues to protect businesses. It facilitates millions of pounds of trade every day and as such is a vital business tool. Not only will it protect a business from bad debt, it also enables business growth – helping a company to open up new accounts overseas offering credit, secure in the knowledge they’re protected from the adverse effects of bad debt on the accounts their policy covers.  It can also provide comfort to a bank to secure that all important funding to facilitate overseas and indeed home turf expansion. And yet Trade Credit Insurance remains an unsung hero with so many businesses looking to export but blithely unaware of its existence.”

Moylan and his team have spent the last 12 months, “Banging the drum at national and international events and in the relevant business media for the many benefits of Trade Credit Insurance; spelling out its many tangible benefits and showing businesses of all sizes and all sectors why it should be an essential part of their export toolkit.”

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