Credit Insurance in the shipping and freight forwarding industry

19 April 2007 Credit Guarantee Insurance Corporation of Africa

Credit Guarantee, the leading underwriter of debtors insurance in South Africa and subsidiary of listed short-term insurer Mutual & Federal, has quietly moved into the Customs Bonds arena.

"We offer the most comprehensive, cost effective, professional credit insurance package for clearing and forwarding houses and have now extended our service to provide customs guarantees," says Liz Botha, senior manager at Credit Guarantee.

"Rates in the industry are constantly under pressure so our clients are always challenging us to provide tailor-made solutions.  Our underwriting capabilities will cater for any market that our clearing and forwarding agents enter.  We have a world-class database that is enhanced by unparalleled expertise to cater for our clients every need. Having just returned from an extensive 'partnering exercise' with one of our colleague companies, N.V. Nationale Borg-Maatschappij, Netherlands, I am happy to say that Credit Guarantee's systems and services are on a par with the best internationally," concludes Botha.


Quick Polls


How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?


Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now