Claim (Notice Of Claim)
A formal written application by the insured for indemnification of a valid cause of loss under the policy. This is usually done on dedicated documents provided by the insurer.
Commercial and / or political risk insurance whereby the customer is protected against non-payment of trade receivables due to insolvency or default and insured perils as applicable.
The amount of insured cover the Insured has on a particular buyer evidenced as a written endorsement to the policy.
Credit Limit Notification
A written notice of a Credit Limit which is endorsed to the policy.
Credit Underwriting (Limit Underwriting)
Assessment by the Credit Insurer by analysis of the financial condition of buyers, before setting a credit limit.
Commercial Performance Guarantee
Provides a solution to support legitimate financial transactions, other than the raising of capital, subject to suitable collateral support.