Credit insurance is a customised product that needs to be geared to your needs and particular requirements. A.U. Group was established in 1929 and has the recognised experience to offer an objective insight into the advantages and drawbacks of each type of solution available on the market.
Internationally, A.U. Group puts its multilingual business line experts at your service. They have backgrounds in factoring, banking and insurance. With independence and transparency we help you to select the policy that best meets your objectives after consulting a variety of service providers on the market.
Our service teams are dedicated to quality and customer satisfaction. These experts are responsible for optimising your contracts and conditions on a daily basis and for providing the necessary reports and information.
Product sheet
Discover in this Product sheet the different coverage options, the major advantages and the cost structure of credit insurance.
Customer Case Study
« We are now in an ongoing process to enhance and optimise our contractual clauses, in which A.U. Group’s support constitutes a real competitive advantage »
Solutions geared to your needs
Credit insurance helps you at three levels:
Comprehensive credit insurance
Comprehensive credit insurance remains the most popular product because it provides the maximum support and security to the business. All your customers are financially assessed and monitored by the insurer’s risk department. You maintain the responsibility to recover your receivables until the agreed deadline for advising the insurer after which date the insurer takes over the collection. This solution also helps to optimise your short-term bank or factoring financing. Scope of activity: worldwide.
Excess credit insurance
Excess credit insurance (also called “Excess of Loss”) is often suitable for companies that have sophisticated credit management capabilities. This solution combines the policyholder’s credit management expertise with an insurer’s review of the largest buyers. Usually there is a fixed Limit of Liability in excess of a significant aggregate deductible. A flat premium is charged on the amount of Liability purchased. The credit manager determines (either independently or in consultation with the insurer) the credit limits to be granted to customers. Limits are non-cancellable.
This solution helps guard against the consequences of higher than average cumulative default risk. It is also possible to provide insurance for a specific list of customers.
Scope of activity: Worldwide.
Bonds and financial cover
A bond is a financial commitment issued by an insurer or bank on behalf of a second party, guaranteeing that the second party will fulfill an obligation.
These bonds are essential in some trading or market activity.
The new Basel regulations require banks to comply with tougher accounting rules concerning (in particular) capital adequacy ratios and the accumulation of bank commitments and/or issued credit risk.
These constraints have a direct impact on the granting of credit lines to companies and in particular on the granting of bonds.
Our vision and added value as a broker
A.U. Group works in partnership with the main finance and insurance providers to bring you tailored bond solutions, for commitment periods ranging from a few months to five years.
A.U. Group’s acknowledged experience since 1929 enables us to give you an objective view of each type of bond offered by the market and to provide you with overall solutions with no impact on your cash flow but which free up financing capacity with your banking partners, directly or through risk-sharing agreements or syndication.
Solutions tailored to your needs
- Performance bonds
- Construction bonds (for single-occupancy housing projects)
- Environmental bonds (for environmentally protected sites)
- Custom bonds
- Food and grower bonds
- Excise bonds – wines and spirits
- Tax bonds
- All other types of surety bonds indispensable for the smooth running of your business
