Post by account_disabled on Dec 26, 2017 0:23:22 GMT -5
Hi,
Has anyone placed coverage for this type of insurance? It is like accounts receivable, which can be endorsed on most property policies, but different. It covers defaults by customers who fail to pay money they owe due to bankruptcy, cash flow problems, an ownership change or some other reason.There is very little, if any, overlap with P&C. We typically work with CFO's or credit managers, not risk managers. Our concern is the creditworthiness of a policyholder's customers, so we look at financial statements, receivables aging, and country risk.
Thanks!
For more details:
Whiteboard Overview Video
Has anyone placed coverage for this type of insurance? It is like accounts receivable, which can be endorsed on most property policies, but different. It covers defaults by customers who fail to pay money they owe due to bankruptcy, cash flow problems, an ownership change or some other reason.There is very little, if any, overlap with P&C. We typically work with CFO's or credit managers, not risk managers. Our concern is the creditworthiness of a policyholder's customers, so we look at financial statements, receivables aging, and country risk.
Thanks!
For more details:
Whiteboard Overview Video