365 AGENCY
Trade Credit Insurance
TRADE CREDIT INSURANCE
Trade credit insurance is marine insurance that indemnifies the insured against non-payment for goods and services by a buyer, due to insolvency of the buyer, delay payment & change of government regulations.
Policy highlights
Key coverages
1. Commercial risks
This refers to the failure of a buyer to pay its trade credit debts within the agreed credit period, whether due to temporary financial problems or as a result of the buyer becoming insolvent.
2. Political risks
This type of risk is faced by companies that export. Examples include the war in the buyer’s country; cancellation of the contract by the government of the buyer’s country; or governmental regulations and restrictions imposed on currency transfer.
Trade credit insurance is marine insurance that indemnifies the insured against non-payment for goods and services by a buyer, due to insolvency of the buyer, delay payment & change of government regulations.
Policy highlights
Key coverages
1. Commercial risks
This refers to the failure of a buyer to pay its trade credit debts within the agreed credit period, whether due to temporary financial problems or as a result of the buyer becoming insolvent.
2. Political risks
This type of risk is faced by companies that export. Examples include the war in the buyer’s country; cancellation of the contract by the government of the buyer’s country; or governmental regulations and restrictions imposed on currency transfer.
Recent news on trade credit related incidents:
Fake Halal Meat Scandal in Muslim-Majority Malaysia Fuels Anger
https://www.bloomberg.com/news/articles/2020-12-30/fake-halal-meat-scandal-in-muslim-majority-malaysia-fuels-anger
FIEO Issues Advisory for Trade Frauds/cheating cases in Malaysia
https://ucciudaipur.com/fieo-issues-advisory-for-trade-fraudscheating-cases-in-malaysia/
Foreign businesses exit Myanmar over coup
https://www.gtreview.com/news/asia/foreign-businesses-exit-myanmar-over-coup/
Chinese cash policy puts the squeeze on ambitious Johor project
https://www.propertyguru.com.sg/property-management-news/2018/2/168875/chinese-cash-policy-puts-the-squeeze-on-ambitious-johor-project
Fake Halal Meat Scandal in Muslim-Majority Malaysia Fuels Anger
https://www.bloomberg.com/news/articles/2020-12-30/fake-halal-meat-scandal-in-muslim-majority-malaysia-fuels-anger
FIEO Issues Advisory for Trade Frauds/cheating cases in Malaysia
https://ucciudaipur.com/fieo-issues-advisory-for-trade-fraudscheating-cases-in-malaysia/
Foreign businesses exit Myanmar over coup
https://www.gtreview.com/news/asia/foreign-businesses-exit-myanmar-over-coup/
Chinese cash policy puts the squeeze on ambitious Johor project
https://www.propertyguru.com.sg/property-management-news/2018/2/168875/chinese-cash-policy-puts-the-squeeze-on-ambitious-johor-project
365 Agency Sdn Bhd (1375549-U)
Are you keen to earn extra income from recommending General Insurance to your friends/relatives? Contact us today, we have attractive packages that will allow you to earn right away. Below are the list of insurance we cover.
Are you keen to earn extra income from recommending General Insurance to your friends/relatives? Contact us today, we have attractive packages that will allow you to earn right away. Below are the list of insurance we cover.
Image by Gerd Altmann from Pixabay
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STANDARD RISKS
EMPLOYEES BENEFITS |
INDUSTRIAL RISKS
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We are also in partnership with international reinsurance companies as well as provider of insurance for 40 public listed companies in Malaysia. Hence we can cater to large specialized and customized insurance needs. Talk to us today if you have a need that cannot be fulfilled by smaller insurance agencies. Smaller agencies also has the opportunity to partner with us and tap into our vast network as well. We are a member of PIAM, Persatuan Insuran Am Malaysia.
Contact us for more information
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Address:
365 Agency Sdn Bhd (1375549-U) 38-2, Jalan Ramin 2/ks7, Bandar Botanic 41200 Klang, Selangor Contact: 03-3319 9468 FB: https://www.facebook.com/365AgencySdnBhd Email: insurance@365grp.com
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