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Credit insurance

We provide trade credit insurance to protect businesses against loss due to payment default on trade receivables. Cover can be provided for any company involved in the selling of goods and services on credit terms.

Domestic, export and financial services cover is provided, specifically:

  • Domestic trade credit insurance provides protection against payment default by debtors. Cover is provided for:

              o   Payment default

              o   Insolvency

              o   Debtors being placed under supervision or business rescue

  • Export trade credit insurance provides protection against payment default in relation to export transactions. Cover is provided for:

              o   Payment default or repudiation

              o   Insolvency

              o   Debtors being placed under supervision or business rescue

              o   Contract frustration due to restrictions in place on importation of goods or transfer of money in the debtor’s country

              o   Failure to pay due to conflict in a foreign country

  • Financial services cover provides protection against non-payment by debtors to whom financial institutions provide stock or trade finance facilities.  Transactions that may be covered include:

              o   Payments made to local and foreign suppliers on behalf of clients

              o   Invoice discounting on a recourse basis

              o   Local purchasing facilities

The risks covered are payment default, insolvency and business rescue.

We also provide policyholders with access to expert economic and political analysis to assist in the effective management of credit risk.

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Contact us

Electronic Enquiries

SSI.CreditInsurance@santam.co.za

Registration and license numbers

South Africa

Santam Structured Insurance Limited (FSP 1027)

Santam Structured Life Limited (FSP 1026)

Santam SI Investments Proprietary Limited (FSP 1028) 

Ireland
Santam Structured Reinsurance dac (Company Registration Number 251841)

Mauritius

Santam Structured Reinsurance Limited PCC (License OC00006823)

Santam Structured Insurance Limited PCC (License C116015506)

Santam SI Investments Mauritius Limited (Company Registration Number C40575)