Credit Insurance

AIG’s Credit Lines (Trade Credit, Trade Finance, and Political Risk) help Corporates (medium and large companies) from a wide variety of industry sectors and Financial Institutions navigate the complexities of local and global business practices by offering non-payment credit insurance solutions.

Why Choose AIG for Credit Insurance

With decades of experience, AIG provides tailored cover to address the risks specific to markets and lines of business. Non-cancellable limits, experienced underwriters, multinational capabilities and an extensive global reach are just a few reasons why AIG is a leader in credit line insurance.

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The AIG Advantage

Where We Can Help

AIG Credit insurance is for a wide range of organisations from SMEs to multinationals across all industry sectors and geographies, and Financial Institutions to support them with limit and capital relief.

Appetite & Sweet Spots

Multinational

Thanks to AIG’s Multinational Centre of Excellence’s global network and deep experience we understand our clients’ local and global needs.

Specialist Expertise

We offer substantial underwriting expertise and provide innovative solutions tailored to meet the needs of a wide range of clients, structuring policies for unique exposures and geographical positions.

Claims Excellence

Our worldwide network and specialist team with decades of experience provide the insights our clients need to help avoid and minimise losses.

Solid Foundation

Decades of trade credit experience coupled with strong and dependable financial strength.

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AIG Credit Solutions

With deep industry expertise, our products are crafted to provide flexible solutions to address our clients' complex cover needs.

Political Risk Insurance

AIG provides tailored cover for financial institutions, investors, exporters, importers, corporates and state-owned companies that conduct business abroad, offering global, non-cancellable and multi-year political risk insurance policies.

While pursuing opportunities in emerging markets around the world brings a range of benefits, operating in a foreign country also comes with serious risks. AIG Political Risks insurance covers all types of losses due to political action and instability, so that corporates and financial institutions can lend, trade and invest in developing markets with confidence. While political climates around the world may shift and credit markets may change, our clients’ cover remains non-cancellable and secure.

Global Political Risk Value Proposition

PDF file - 300 KB

Offers investors, exporters, importers, and contractors cover against a wide range of political perils including confiscation, expropriation and nationalization, currency inconvertibility, political violence and war, as well as more specialised perils such as arbitration award default. Coverage can be provided for up to 15 years with a maximum limit of $150 million per any one program.

Offers financial institutions and corporations comprehensive non-payment insurance against the failure of a sovereign or sub-sovereign counterparty to honour a guarantee, letter of credit, loan financing, or any other trade or non-trade payment obligation. Coverage can be provided for up to 15 years with a maximum limit of $150 million per any one risk.

Offers financial institutions and corporations comprehensive non-payment insurance against private obligor payment obligations in a range of structures and geographies. Coverage can be provided for up to 10 years with a maximum limit of $100 million per obligor.

Offers senior secured lenders coverage for defined losses arising from a borrower’s failure to honour its payment obligations under a project finance loan. Coverage can be provided for up to 20 years with a maximum limit of $100 million per any one project.

Trade Finance Insurance

AIG Trade Finance insurance helps empower trade around the world, creating flexible insurance solutions for financial institutions.

We protect financial institutions against the risk of non-payment or insolvency of the obligor(s) in Trade Finance transactions. The AIG team of experienced underwriters, structurers and lawyers are committed to providing unparalleled trade finance insurance options. Our global reach coupled with our deep knowledge of the industry, environment and operations help us mitigate credit risk for clients and efficiently manage capital through customised single risk or portfolio insurance solutions.

AIG’s Structured Trade Finance comprehensive credit insurance provides Corporates with an effective credit enhancement tool for their funding programmes with Financial Institutions, and/or facilitates capital management and limit relief solutions for Trade Finance Banks.

Structured Trade Finance [PDF]

AIG’s Open Account and Documentary Trade Finance insurance can protect Financial Institutions against the risk of non-payment by obligors under trade financing programmes.

Open Account and Documentary Trade Finance [PDF]

AIG’s Trade Credit (TC) Bridge provides a solution for Corporates and Banks who often have different requirements from a Trade Credit Insurance policy. TC Bridge allows the Corporate to maintain control of their policy and limits but still use their policy for financing and the Bank can access a Basel Compliant Trade Finance policy.

Trade Credit Bridge [PDF]

Trade Credit Insurance

Our team underwrites a range of trade credit insurance products to help protect mid-market businesses, large corporations and global businesses against their non-paying clients. AIG policies insure all or part of a companies’ receivables book, enabling businesses to provide credit with confidence.

While most companies protect their tangible assets (buildings, machinery and stock, for example), they often overlook the devastating impact payment failure by one or more key customers can have on their business. AIG Trade Credit insurance helps clients take control of their valuable accounts receivables book. Our credit limits and dedicated trade credit underwriters flexibly works to design, structure and service a program that meets clients’ needs through the economic cycles.

Efficient captive management can be the first step towards structured financing secured upon trade receivables. Our captive programmes solution recognises the need for a policy holder to retain risk for their own account. We offer companies with turnovers over £50m, operational and structural support for self-insured credit risk through our Excess of Loss coverage.

With TradeEnable Xtra captive managers can manage and monitor customer credit limits and ease policy administration using live sales ledger data, making self-insured bad debt reserves easier to manage.

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AIG’s Corporate Trade solution offers tailored cover for non-payment due to the insolvency or default of both domestic and export buyers. We provide cancellable or non-cancellable credit limits and cover for companies who have turnovers over £10m selling on short credit terms. An appropriate level of Risk Share is applied and aligned with the interests of both parties. In addition to this, Debt Collection Services may be selected, which helps shorten the waiting period on protracted default claims.

TradEnable Xtra is also available, helping our clients monitor customer credit limits and their receivables portfolio. This provides risk insights and making self-insured bad debt reserves easier to manage.

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We offer banks, trading or manufacturing companies cover for failure of a supplier to export commodities or refund an insured’s advance payment (or barter trade agreement), following non-delivery due to insolvency, protracted default, or political risk. Solutions can be tailored to suit the needs of both hard and soft commodities in relation to the production or agricultural cycle. Combining this with customer default cover helps provide full supply chain protection from product source to end customer.

This solution is for companies with a turnover over £10m selling on short credit terms. It provides key customer cover for non-payment due to insolvency or default of buyers above an agreed level for both domestic and export buyers. Policy options are available with or without a deductible and with cancellable or non-cancellable credit limits and include:

Up to 90% indemnity for protracted default, insolvency or political risks and,
Debt collection services which helps to reduce the waiting period on protracted default claims.

Trade+

Trade+ is our trade credit product which combines ‘ground-up’ cover with non-cancellable credit limits. It delivers credit limit certainty, minimises policy administration and speeds up the claims process, offering tremendous opportunities to brokers.

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TradEnable®

Our TradEnable® portal is easy to use and minimises time spent on policy administration. It’s designed to help with compliance on policy terms and risk management, providing confidence to trade and grow portfolios.

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TradEnable® Xtra

AIG’s web-based credit management tool designed to set, manage and monitor customer credit limits and ease policy administration using live sales ledger data.

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