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Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This insurance product is a type of property and casualty insurance, and should not be confused with such products as credit life or credit disability insurance, which individuals obtain to protect against the risk of loss of income needed to pay debts.
read moreChina Export & Credit Insurance Corporation is a major Chinese state owned enterprise under the administration of SASAC serving as the provider of export credit insurance, in particular coverage for the export of high-value added goods in China.
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