Credit insurance contracts, primarily, provides the anticipate and prevent risks associated with business transactions and trade. Exceeding simple insurance products, credit insurance companies offer credit support to companies throughout the development of their businesses, while providing them with the means to protect the monetary flow or foresee risks involved with doing business with their buyers of customers. Credit insurance will work to maximise the recovery of any issues pertaining to receivables, while striving to maintain business relationships among companies. If there is money owed, the insurer will undertake the necessary actions that are best suited to the recovery of a company’s client, focusing on recovery times and amounts recovered. With credit insurance, business can enjoy a continuous monitoring of their customers’ financial situations, being eased from the collection of bills, optimising the recovery of their outstanding debts and maintaining their profitability.
SFAC is the French arm of the large insurance group Euler Hermes. The SFAC insurance company offers a system of risk prevention in the Single market, with over 800 billion commercial transactions secured worldwide, within a wide network of offices located in over 50 countries. The SFAC maintains a mission to help companies grow their business worldwide through secured and optimised credit management, providing companies with a wide range of trade receivables protection tools and credit management solutions, including: credit insurance, risk assessment, trade debt collection, financing of trade receivables, compensation of losses due to buyer’s insolvency, bonding, evaluating trade receivables portfolios and fidelity insurance, otherwise considered as insurance against fraud. In an economic climate where the financial crisis is hitting companies with great ferocity, SFCA and the Euler Hermes Group will ensure their customers benefit from the highest standards wherever they’re doing business.