This Division is managed by the Prato and Rome offices

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The changed economic situation has brought about the following changes on the credit market:

• companies have focused to enhance and improve their trade information quality and some have changed their products limiting the scope of some guarantees;
• today corporate trading ratings of those applying for insurance cover and the weighting of customers on which the credit risk analysis is made are becoming more and more important.

In the light of these changes, each company should assess with a wider perspective some aspects pertaining to credit insurance.

It then becomes fundamental to rely on an experienced broker like Assiteca, which, through the Credit Insurance Division, has been working for many years as a broker between the company and the insurance market, offering the solutions most suitable to the customers’ specific requirements.

The Credit Insurance Division, with its 20 Units, 10 Specialists and 10 dedicated Account Managers, has its offices in Prato and in Rome, and was set up to offer an effective insurance solution to companies, together with a comprehensive service allowing a simpler internal monitoring of customers’ credit rating and guaranteeing the continuous support in credit risk management.

An adequate credit management is critical to guarantee the financial soundness of all companies and the underwriting of a trade credit insurance has always been one of the most effective way to protect companies’ assets.

The credit insurance contributes to:

1. protecting the company:
   • prevention of customers insolvency risks
   • protection from credit losses
2. increasing sales:
   • easier access to new markets
   • increased business by increasing the customers base
   • differentiation from competitors, without having to require additional guarantees
3. improving the customer portfolio:
   • focus on customers and credit to be granted
   • continuous monitoring of each Customer
4. optimizing financial management:
   • improved conditions for accessing bank and financial credit (it is the only insurance coverage affecting Basel II rating criteria)
   • improved credit quality recorded in the financial statements and, therefore, improved working capital quality.