KUKE: Best Export Credit Agency in the World!
In the Leaders in Trade competition organized by Global Trade Review magazine, KUKE triumphed over export credit agencies...
Credit insurance
Selling goods or providing services on deferred payment terms (on trade credit) carries the risk of not receiving payment from the customer. Even a single unpaid invoice can result in a loss that is difficult to recoup, which will undermine the company’s cash flow.
Why use credit insurance?
Our credit insurance protects you against the risk of non-payment by your customers caused by an array of events including customer bankruptcy or non-payment, issues with political risk, force majeure risk and more.
Security
Grow your business without worrying about the inflow of receivables from buyers.
Enhance competitiveness
Insuring your sales allows you to offer more competitive payment terms to win contracts, without the risk.
Easier decision-making
Credit insurance limits the risk of making mistakes when selecting your trading partners, leaving you free to focus on your company’s principal activities and its strategic goals and objectives.
Lower operating costs
Credit insurance will allow you to reduce your expenditures related to buyer monitoring and debt collection.
Easier access to cash
Credit insurance protections enhances the credibility of your company in relation to banks and factoring firms, allowing for better lending and financing conditions, and significantly increasing your access to cash.
Growing exports
By insuring receivables, you can safely grow your sales to foreign customers - even in the remotest corners of the world.
How does it work?
We help businesses secure their payments, finance trade and operate safely in international markets. We support small businesses, large corporations and financial institutions.
Credit insurance solutions provided by KUKE
We offer flexible solutions that protect your business against the risk of non-payment. Our policies ensure financial security, stability and liquidity, regardless of the market in which you operate.
Europolicy
Simple credit insurance facility allowing cover of a single transaction or a selected buyer. The insurance covers receivables from buyers from 41 countries, including Poland.
Policy Beyond Borders
An export credit insurance covering 160 countries (outside the European Union and highly developed markets like USA, Canada, Japan or Australia) with the option of cover for a single buyer.
Package
A comprehensive, individually tailored credit insurance of an entire portfolio of domestic and/or foreign buyers from countries in the European Union and highly developed markets like USA, Canada, Japan and Australia.
Which credit insurance solution should I choose?
Regardless of whether:
- you are a small company or a large enterprise with an established position on the market,
- you are an exporter or a company operating only locally,
- you want to insure a single contract or a whole portfolio of customers.
We have a solution to meet a needs of your business.
How does trade credit insurance work?
- Assessment of the buyer’s creditworthiness
- You submit your application for the insurance cover and indicate which clients you want covered by the insurance. Our team of analysts will carry out a creditworthiness assessment of the buyers and assign each of them with a credit limit, that is, the maximum amount that we will cover if the buyer fails to pay.
- Conclusion of the insurance agreement and payment of the premium
- After a positive assessment of your buyers’ creditworthiness, you sign the insurance agreement with KUKE and pay an insurance premium on a monthly or quarterly basis.
- Sale of goods or services and payment from buyers
- You deliver the goods to your clients or perform the services. You can obtain funding for your contract through factoring (at KUKE Finance or another factor) and use the policy as collateral for the factor. Through factoring, you can release funds that are frozen under invoices and get cash on your account much quicker.
- Buyer monitoring
- We conduct ongoing monitoring of the financial situation of buyers covered by the insurance and notify you of any changes to credit limits, which can be increased or decreased depending on the changing circumstances.
- Debt collection and disbursement of indemnity
- If the buyer fails to pay on time, you turn to us and request that we initiate debt collection procedures in relation to the defaulting customer. In the event that the debt collection fails to produce the expected results, we will pay you the indemnity, provided that the insurance terms and conditions specified in the insurance agreement have been met.
Success stories
KUKE and the Santander Group are financing Cognor's investments under a new arrangement
We are undertaking extensive investments to modernize and expand our production capacity, anticipating growing demand for our products both domestically and internationally. KUKE guarantees have significantly increased our creditworthiness, enabling us to secure such substantial and long-term financing from the Santander Group. This financing meets our investment needs for the coming years, and servicing it will place a much smaller burden on our cash flow compared to a standard loan.
KUKE’s Policy Beyond Borders makes PCC Rokita's global export business safer
PCC Rokita has worked with KUKE for many years. Therefore, we recommend its services to all companies looking for a solid, stable, and reliable business partner in insurance. Excellent expertise in trade insurance as well as knowledge and experience of KUKE's experts are an invaluable support when we are selling our products across the world. One of KUKE’s solutions used by PCC Rokita is the Policy Beyond Borders credit insurance facility. It is a unique product in the Polish insurance market. It is guaranteed by the State Treasury and covers countries with higher political risk. This is an extremely important aspect, especially for companies that, like PCC Rokita, operate globally. In today’s commercial insurance market, it is very difficult to obtain credit risk protection for sales to customers from countries with an unstable political situation. KUKE offers an excellent solution in this respect and strongly fills this gap. At PCC Rokita, we operate on the basis of strategic decisions requiring market knowledge, assessment of risk and effective tools to mitigate it. Effective use of these tools is possible with the support of reliable and stable business partners, including KUKE. Thanks to our cooperation with KUKE, we are able to efficiently and safely sell our products in various regions of the world.
Credit insurance helps MARBET's export business
We have been working with KUKE for nearly 23 years. During this time, we have used and continue to use investment insurance, as well as export and domestic credit insurance. In the initial period, credit insurance has helped us mainly to expand in the Eastern markets, currently it is an excellent tool to minimize the risk when operating with deferred payment terms. We recommend cooperation with KUKE due to a comprehensive range of insurance facilities supporting our business across the world.
