Credit risk insurance

is referred to as export credit insurance. It is a risk management tool that protects exporters from losses due to non-payment or delayed payment by the importer. This insurance provides financial security to exporters and allows them to expand their business globally. Export credit insurance, also known as exporter’s insurance, is a crucial aspect of risk management in international trade. It serves as a safety net for exporters, shielding them from potential losses caused by non-payment or delayed payment from importers. By providing financial security, this insurance enables exporters to confidently explore new markets and grow their business on a global scale.