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About ICBA
World's largest teamof independently owned, global specialist trade credit insurance brokerages
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70OfficesIt all began in 1999, with one office in France, when a group of visionaries based in trade credit insurance business got together with an idea to develop. ICBA currently has 70 offices, and is growing constantly.
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40CountriesWe are based in 40 countries, which is a prerequisite for offering “global” solutions, i.e., advice and guidance that is globally-integrated but locally delivered and supported.
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5In ContinentsServing over 8,000 clients, including 300 multinationals, ICBA brokers act effectively to provide trade credit and political risk insurance solutions to companies conducting business on 5 continents.
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1TeamICBA is the worlds largest team of independently-owned, global specialist trade credit insurance brokerages, where the whole is indeed larger than the sum of its parts. We are One Team with One Focus: Our Clients.
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In Switzerland
In Switzerland the International Credit Brokers Alliance (ICBA) is represented by Malakut Insurance Brokers AG.
Malakut Insurance Brokers AG is a part of Malakut group, which provides insurance and risk management services for corporate clients as well as reinsurance of all classes of business on international level. FINMA Registration Number F01064905.
ICBA Switzerland team of brokers specialized only in credit insurance. It allows us to provide you not only the best insurance solutions but also offer perfect service in policy administration.
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Our expertise
Our expertise is for you - to make sure that you have the right policy structure, the right cost and the insurer to suit your particular requirements:
- We work for you, not for the insurance company, negotiating and investigating all possible options and insurers;
- We have experience of organizing local and international credit insurance programs in different business sectors in Switzerland and in other countries;
- We care and build effective communication with credit insurer for all the parties involved;
- For our customers we work for obtaining best credit limits from a credit insurer;
- We have broad experience in participation in claims handling process, we provide debt collection advice and follow all insurance claims until its satisfactory conclusion;
- If you are already credit insured, we provide free audit of your existing insurance program and organize its improvement.
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About ICBA
World's largest teamof independently owned, global specialist trade credit insurance brokerages
-
70OfficesIt all began in 1999, with one office in France, when a group of visionaries based in trade credit insurance business got together with an idea to develop. ICBA currently has 70 offices, and is growing constantly.
-
40CountriesWe are based in 40 countries, which is a prerequisite for offering “global” solutions, i.e., advice and guidance that is globally-integrated but locally delivered and supported.
-
5In ContinentsServing over 8,000 clients, including 300 multinationals, ICBA brokers act effectively to provide trade credit and political risk insurance solutions to companies conducting business on 5 continents.
-
1TeamICBA is the worlds largest team of independently-owned, global specialist trade credit insurance brokerages, where the whole is indeed larger than the sum of its parts. We are One Team with One Focus: Our Clients.
-
-
In Switzerland
In Switzerland the International Credit Brokers Alliance (ICBA) is represented by Malakut Insurance Brokers AG.
Malakut Insurance Brokers AG is a part of Malakut group, which provides insurance and risk management services for corporate clients as well as reinsurance of all classes of business on international level. FINMA Registration Number F01064905.
ICBA Switzerland team of brokers specialized only in credit insurance. It allows us to provide you not only the best insurance solutions but also offer perfect service in policy administration.
-
Our expertise
Our expertise is for you - to make sure that you have the right policy structure, the right cost and the insurer to suit your particular requirements:
- We work for you, not for the insurance company, negotiating and investigating all possible options and insurers;
- We have experience of organizing local and international credit insurance programs in different business sectors in Switzerland and in other countries;
- We care and build effective communication with credit insurer for all the parties involved;
- For our customers we work for obtaining best credit limits from a credit insurer;
- We have broad experience in participation in claims handling process, we provide debt collection advice and follow all insurance claims until its satisfactory conclusion;
- If you are already credit insured, we provide free audit of your existing insurance program and organize its improvement.
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Trade Credit InsuranceCredit Insurance protects companies against losses caused by non-payment of enforceable domestic or foreign accounts receivable obligations.Trade Credit Insurance
Trade Credit Insurance policy covers the following events (main mentioned):
- Insolvency of a buyer
- Protracted default by a buyer - the non-payment of an account after a specified period of time
- Debt collection expenses in some cases
Companies use Credit insurance for a variety of reasons:
- Increase market share through the extension of open terms
- Mitigate risk and protect the balance sheet
- Obtain third-party feedback on buyers, industry, and country risks
- Increase confidence among investors, analysts, and banks
- Harmonize credit and collection practices across multiple divisions
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Trade FinanceTrade finance insurance helps when your company’s bank credit limit has been exhausted by other transactions.
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Advance payment insurance• Insolvency or Bankruptcy of the buyer
• Contractual Default or Non-Performance of the buyer
• Protracted Default
• Political RisksAdvance payment insurance- Risk Mitigation: Protects against the loss of advance payments if the other party fails
- Improved Cash Flow Management: Helps manage cash flow
- Increased Competitiveness: Makes companies more attractive partners
- Facilitates International Trade: Mitigates risks of currency fluctuations and political instability
- Access to Financing: Improve access to financing by making advance payments more secure
- Customizable Coverage: Policies can be tailored to match specific business needs and risk profiles
- Encourages Trust: Fosters trust between business partners
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Political Risk InsuranceIt is a broad type of insurance that includes coverage for a company’s exposures overseas as well as contracts with foreign governments.Political Risk Insurance
Politics and change go hand in hand. Most of the time those changes don’t affect the flow of business. However, political decisions can have adverse effects on corporate profitability, and you can plan for and mitigate those risks with your ICBA broker.
Political risks can range from very detrimental, such as widespread destruction due to revolution or war, to those of a more financial nature, such as the creation of laws that suddenly prevent the movement of your trading capital.
ICBA political risk insurance covers your trade. If an adverse political event occurs, your policy pays out, which gives your business the confidence it needs to expand trade abroad without fear of the unpredictable.
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Country InformationBefore you consider doing business in a new international market, you deserve the benefit of the best intelligence available on business conditions and economic risk.Country Information
ICBA combines local expertise, formal country information reports and analysis that evaluate the average credit risk of companies in any given country. Assessments are based on economic, financial and political data, but also combine icbd experience on the companies of any given country and knowledge of the general business climate.
ICBA can also provide industry sector analysis that allow you to properly assess trade challenges in terms of business strategy, price, costs and competition in particular sectors – invaluable when your company is considering new business expansion in unfamiliar territory.
ICBA can also provide information on business climate in any given country, helping you evaluate the quality of governance/rule of law and financial transparency as it affects settling trade disputes inside and outside the legal system.
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Surety BondsSurety bonds covers the following events:
◦ Non-Performance of contractual obligations
◦ Non-Payment of subcontractors and suppliers
◦ Bid process
◦ Customs and duties compliance
◦ Employee dishonestySurety BondsCompanies use Surety Bonds for a variety of reasons:
- To comply with legal requirements
- To guarantee contractual obligations
- To ensure payment to subcontractors and suppliers
- To protect against employee dishonesty
- To secure bids
- To provide financial security
- To enhance credibility
- To manage court-related matters
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Bahnhofplatz 4, CH- 8001 Zurich
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+41 44 210 01 55 +41 44 210 01 55
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nikita.mullin@icba.com
- FINMA Registration Number F01064905
