Credit Insurance
From Open Risk Manual
Revision as of 16:08, 7 February 2020 by Wiki admin (talk | contribs)
Definition
Credit Insurance is a form of insurance that aims to cover financial loss due to Credit Risk. An entity which offers to insure credit and, usually, political risk in relation to one obligor or transaction or a portfolio or continuing line of specified trade transaction or obligors. Such entities may be either private companies or public or semi-public institutions such as Export Credit Agencies