Centralised settlement with del credere insurance coverage
With a “classic” commercial credit insurance company, the supplier signs a contract with the insurance to cover his outstanding receivables. In such cases, the supplier must bear a significant retention of the respective commercial credit insurance.
In the case of euro delkredere coverage, the customer (= recipient of goods) is the initiator of the insurance. Because the supplier categorically does not require a retention, his receivables are fully insured vis-à-vis the customer. This comprehensive security is a further outstanding feature of our supplier insurance cover.
Cooperation in the customer contract
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A trade credit insurance contract between euro delkredere and the trade credit insurance is in place.
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The customer is involved in the insurance coverage with a customer contract.
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euro delkredere concludes a contract with the supplier and assigns the claims from the trade credit insurance contract to the supplier.
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As a contractual partner of the centralized settlement contract, the supplier receives a direct claim against the insurance company.
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The supplier exchanges their customer's rating for the top AA rating of the trade credit insurance company.
Benefits for customer and suppliers
For customer
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very strong creditworthiness due to direct contractual coverage of all outstanding supplier liabilities by strong insurance partners (AA rating)
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customer and supplier remain direct contracting partners
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solution-oriented approach even in crisis
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easier purchasing process when applying administratively laborious alternative solutions (e.g. sureties, letters of credit, advanced payment)
For suppliers
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full insurance coverage against customer default
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excellent alternative to one’s own existing commercial credit insurance, i.e. retention not usually required
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bundling of payments to a company group or associations
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effective negotiation of all possible retention of title rights
Insurance policies
For many years now, euro delkredere has cooperated successfully with Euler Hermes Deutschland Niederlassung der Euler Hermes SA, and with Zurich Insurance plc, Niederlassung Deutschland, two leading credit insurances.
Both insurance companies have a premium AA rating, and, thanks to their international expertise and specialisation in the field of commercial credit insurance, are strong partners in del credere insurance.
- Euler Hermes Deutschland Niederlassung der Euler Hermes SA, and member of the Allianz Group
- leading credit insurer in Germany and worldwide
- represented in all major countries of the world
- international expertise
- specialist in the fields of credit insurance, fidelity insurance, sureties and guarantees
- member of Zurich Group
- represented in all major countries of the world
- international expertise
- specialist, inter alia, in the fields of credit insurance, fidelity insurance, sureties and guarantees
Customer portal – euro delkredere direkt
Our euro delkredere direkt portal provides contracting partners with access to all relevant information concerning centralised settlement.
Whether it concerns remittance advices, outstanding items or reporting – our easy-to-use, intuitive platform gives you access to all relevant information relating to our partnership.
Additional services
Import insurance
euro delkredere is also able to offer full insurance coverage against customer default of outstanding receivables to foreign suppliers who have a supplier obligation towards a ship owner or forwarding company (FOB, FCA etc.).
Restructuring and M&A processes
Almost all our customers are well-known and often market leaders in their field of business. We offer individual customer support, depending on the situation, but also support in connection with special issues. We are also able to provide our services, including del credere insurance, within the framework of restructuring and M&A processes.