Credit insurance

This monograph is practically oriented, presenting a survey and explanation of credit insurance services for protection of short-term trade receivables primarily against commercial risk of insolvency and protracted default. The subject matter (i.e., main functions, features and principles of credit insurance with detailed description of credit insurance coverage, insurance conditions, and credit insurance policy management) follows procedural stages and presents commercial, financial, legal, and practical points of view which emphasize the needs of both the providers of these services and t.

Description based upon print version of record.

Front Cover; Credit Insurance; Copyright Page; Contents; List of Abbreviations; List of Figures; About the Author; 1 Introduction; 2 What Is Credit Insurance and What Does It Offer?; 2.1 Definition; 2.2 Functions of Credit Insurance; 2.2.1 General-Sales and Exports Promotion; 2.2.2 Assumption of Risk and Claims Payment; 2.2.3 Preventive Function of Credit Insurance; 2.2.4 Prevention of Claims, Their Minimization, and Recoveries; 2.2.5 Credit Insurance Enhances External Financing; 3 Basics and Principles of Credit Insurance; 3.1 Main Features and Credit Insurance Terminology

3.1.1 Short-, Medium-, and Long-Term Credits3.1.2 Supplier and Buyer Credits; 3.1.3 General Insurance Principles; 3.1.4 Whole Turnover Insurance and Insurance of Individual (Specific) Transactions; 3.1.5 Main Features of Credit Insurance Cover; 3.1.6 Prices of Insurance Services; 3.1.7 Pre- and Postshipment Risks; 3.2 Basic Principles and Credit Insurance Conditions; 3.2.1 Insured Events-Definitions in Insurance Conditions; 3.2.2 Trade Receivables Insured; 3.2.3 Commercial and Noncommercial Risk Insurance; 3.2.4 Claim Payment; 3.2.5 Conditionality of Credit Insurance

3.2.6 Obligations of the Insured3.2.7 Perc…