OUR PRODUCT
Credit Risk cover for asset & Agri Finance Providers
PRODUCTS
- AFI – Asset Finance Insurance
- AgriFI – Agricultural Finance Insurance
- TFI – Trade Finance Insurance
- Single limits – standard credit insurance, covering major / strategic clients against catastrophic loss
- Protect your income streams against customer default for the full term of a master rental agreement / lease
HOW WE COVER YOU
- Business Rescue
- Non Payment
- Insolvency
- Political Risk
- Pre-Shipment
- Unfair calling of Guarantees
THE BENEFITS
COVERING YOUR BOOK WITH ASSET FINANCE INSURANCE
HOW WILL YOUR BUSINESS BENEFIT?
SECURE FUNDING | MADE EASIER
- Risk Mitigation on Defaulting Customers
- Business Continuity is Guaranteed
- Protection of Income Stream
- Improved Credit Rating
- Freeing up of Reserves
- Remove Risk from Self-funding
THE AFI PROCESS OUTLINED
AFI to send Cover Application form on
1 > APPLICATION
Form to be completed and returned to AFI
2 > COMPLETE APPLICATION
AFI to assess and respond with indicative quotes
3 > INDICATIVE QUOTE
Quote to be considered and questions raised to be submitted back to AFI
4 > QUOTE CONSIDERATION
Costing finalized and premium policies per transaction invoices generated
6 > INVOICES GENERATED
AFI PREMIUM
TRANSPARENCY
A detailed premium is provided in the terms of the policy, costs are set in advance
Premium rate based on the following criteria:
The buyer’s country risk assessment and the risk assessment of the buyer
The type of buyer: private or public and the type of risk(s)
How are claims calculated?
(A – B) X C% = D
A = Contract Outstanding Value
B = Nett realizable asset value
C = Insured percentage
D = Final claim payout
