Fields of activity
Trade credit insurance is a type of insurance policy that protects a company against losses resulting from unpaid invoices by counterparties. Whether contractors suddenly go bankrupt or simply refuse to pay for deliveries, receivables insurance can safeguard a company’s finances.
The presence on the Polish market of international trade credit insurers (Allianz Trade, Atradius, Coface, Credendo) and the activity of local companies (KUKE and Ergo Hestia) makes it possible to take advantage of competition between them to obtain a satisfactory offer.
Taking advantage of this competition, we advise companies on the creation of receivables insurance programmes, negotiate the terms of contracts and participate in their servicing. Adapting the insurance programme to the specifics of the company and its business practices is crucial. In this context, it is worth considering what type of policy will be the optimal solution:
- insurance of all counterparties (portfolio policy),
- insurance of a selected category of customers (e.g. with the largest balances),
- insurance of single counterparties only (“single risk” policy)
- excess insurance to the basic policy (increase in credit limits).
Once the insurance contract has been concluded, we support clients in the ongoing servicing of the policy, e.g. in obtaining the expected credit limits for new counterparties from the insurer (which can sometimes be problematic), or by helping to prepare claims for damages.
We also offer a professional brokerage service to businesses with their own companies in other countries. Prospector is the exclusive partner of AU Group in Poland. AU Group is an international brokerage company, headquartered in Paris, specialising in trade credit insurance and operating in 39 countries. This cooperation enables us to arrange international receivables insurance programmes. Our clients can therefore more easily manage credit risk at group level and achieve savings in insurance costs through economies of scale.
In recent years, companies have insured receivables worth more than PLN 40 billion through us. The effectiveness of the insurance programmes arranged by Prospector is confirmed by the compensation our clients receive each year (last year over PLN 3 million).
If your company is interested in:
- reducing the cost of credit insurance
- better coverage for customer credit limits
- getting support in filing claims
- obtaining reports on insolvency of companies and business risks of individual countries
Feel free to contact us! We will arrange a discussion, get to know your needs and see how we can help.
You can find an example of our involvement in the preparation and operation of a credit insurance programme in the case study.
Pozostałe obszary
Protecting the life and health of employees plays an important role in the human resources management of any company. PROSPECTOR has been helping employers for many years to create programmes aimed at improving the health and safeguarding employees and their loved ones in difficult situations of illness, accident or death.
We understand well that every company is different and has unique insurance needs. That is why we take an individual approach to each client to ensure the best possible protection.
PROSPECTOR has many years of experience in dealing with entities in the public finance sector.
We have participated in numerous public procurement procedures for the insurance of property, vehicles, civil liability, group life insurance for employees or medical care.
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