Singapore
Australia
Austria
Belgium
Brazil
Bulgaria
Canada
China
Czech Republic
Denmark
Finland
France
Germany
Greece
Group
Hong Kong SAR
Hungary
India
Ireland
Italy
Japan
Lithuania
Mexico
Netherlands
New Zealand
Norway
Poland
Portugal
Romania
Singapore
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
United States
Atradius Trade Credit Insurance in Singapore helps companies protect their accounts receivable from customer non-payment. Whether you are trading locally or exporting to new markets, our credit insurance cover gives you the confidence to extend credit terms and grow your business.
Trade credit insurance protects your business against bad debts. It covers your accounts receivable against unpaid invoices arising from customer bankruptcy, political risks, or other specific reasons you can agree with us on.
This type of insurance shields your business against non-payment by customers due to insolvency or protracted default, allowing you to grant payment periods with confidence.
It can also support export transactions by protecting against non-payment from foreign buyers.
Step 1: We check the creditworthiness of your prospect or customer. We let you know whether we insure your sales to them and if so, how much.
Step 2: You start trading and inform us regularly about your turnover with the insured customers. The frequency of the turnover declaration is defined in the contract.
Step 3: Not paid? In line with the contract, we will normally first collect the debt via our collection service. If this is not feasible, we will pay your claims based on the agreed policy terms.
Pricing is based on a small percentage of your annual sales, depending on several factors.
The premium is your turnover multiplied by a rate (0.5%). For turnover exceeding SGD 15 million, the rate ranges from 0.1% to 0.3%.
Some sectors are more volatile. These risks are reflected in premiums.
The time allowed for customers to pay is factored in, reflecting the average credit risk.
Risks vary by country. Trading across multiple countries may increase the risk.
Trade credit insurance helps you manage cash flow by indemnifying you for unpaid invoices, while helping you assess risks and identify reliable customers.
To keep things simple, we offer a single trade credit insurance policy: Modula. Within this policy is a range of modules to suit your needs.
Acting as ‘building blocks’ of coverage, this approach allows us to create a detailed, bespoke policy that reflects your specific trade exposures. This flexibility is especially valuable when you need to cover different customers or markets with varying risks.
Modula enables clear identification and differentiation of risk levels between customers. By offering a single policy, we promote standardisation and clarity, while the individual modules provide a custom fit tailored to your unique requirements.
Additional benefits of our Modula system include:
"Atradius helped us to grow our business step by step. We have provided a better service, been able to increase activity with old customers, and start business with new ones."
Easy account management
You can manage your daily policy activities and analyse your client portfolio directly through our credit management hub - Atradius Atrium.
One policy, personalised options
Modula allows for varying levels of risk and need between customers to be clearly identified and differentiated.
Credit insurance gives you peace of mind knowing that your receivables are protected against non-payment and financial loss. In Singapore's trade-driven economy, it supports your cash flow and reduces exposure to unexpected bad debts.
It may allow you to sell more goods on credit terms while reducing your overall risk of non-payment. You can take advantage of peak selling periods and safely expand into new markets across ASEAN, Greater China and beyond.
Trade credit insurance covers non-payment by customers due to insolvency or protracted default. Coverage can apply to domestic sales or export transactions, depending on the policy structure.
Yes. Small and medium-sized enterprises that sell on credit terms benefit greatly. It safeguards cash flow and can help secure financing from local banks and financial institutions. Even companies with a concentrated customer base can reduce their exposure to credit risks.
Extending credit can drive sales and growth, particularly in Singapore's competitive trading environment. A trade credit insurance policy gives you protection to offer competitive payment terms, which attracts new opportunities.
Load more
Viewing out of
Contact us
