OUR EXPERTISE
OFFERS YOU A COMPLETE CONFIDENCE
A PRUDENTIAL WAY
We offer a holistic guidance and service in best structuring, placing and servicing your Trade Credit Insurance. Our key Unique Service Propositions (USP's) involve :
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Understanding the specifics of your business & risk profile
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In-depth review of your contracts, terms of sale/services, pre-shipment risks, transaction flow, specific & general transactional documentation and processes.
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Overview of your Accounting Systems, MIS Reports, Credit Control Procedures & Practices
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Trade Finance (Factoring / Discounting / Securitization) lending covenants overview from TCI aspects and ensuring the insurance structure complies with the lending criteria.
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Coordination with your Trade Finance bank(s) on TCI Policy structuring aspects
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Techno-Commercial Benchmarking of comparative competitive quotes
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TCI Policy contract and frame-work review to ensure it complies with your requirements
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Guidance in setting up Customer/Debtor Specific Credit Limits including Discretionary Credit Limits (DCL)
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Policy placement in a legally compliant fashion including global programs involving multiple jurisdictions and geographies
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Onboarding and periodic orientation on key TCI aspects & compliance overviews
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Claims Management documentation and check-list preparation
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Debtor Risk Exposure monitoring on a monthly basis
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Credit Limits monitoring on a monthly basis
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Compliance guidance on TCI reporting aspects on a monthly & quarterly basis
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Timely and efficient renewal management of the TCI program
PROACTIVE CLAIMS MANAGEMENT
Efficient and timely management of your claims is a hallmark of our services. Our expert guidance ensures that your claims are prudently managed, documentary well substantiated and timely finalized by our insuring partners.
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Claims Management Checklist reflecting specifics of your business/contracts/transactions.
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Debtor Exposure monitoring and reporting on a monthly/quarterly basis
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Credit Insurance coverage limits monitoring on a monthly/quarterly basis to ensure that the cover commensurates with debtor outstanding balances.
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Debtor Over-dues Reporting Management on a monthly basis
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Guidance on Claims Reporting (Notice of Non-Payment - NNP) and Request for Intervention (RFI)
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Claims substantiating documentation compliance guidance
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Debt collection and follow-up management guidance, including coordination with law firms in sync with our insuring partners
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Risk management advisory services on Credit Management Practices & Procedures from Credit Insurance Claims Compliance perspectives
OUR APPROACH
With our customer-focused and solution-oriented approach, we have the expertise and experience to understand, design and structure comprehensive multifaceted insurance solutions befitting risk requirements of our corporate clients across diversified industries and geographies.
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Our approach involves listening & understanding to your unique business, trade and finance requirements. We perform an in-depth risk evaluation to aptly structure, place & service customized insurance solutions with solid AA & A+ rated Global Insurers that best befit your requirements.
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Our 5 Core Fundamental Values are :
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Empathetic
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Professional Integrity
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Solution Oriented
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Honest Advice
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Sustainable Relationships
HERE FOR YOU
PRUDENCE INSURANCE BROKERS L.L.C. is an international specialty insurance and reinsurance broker providing innovative customer-centric solutions specialized in area of TRADE CREDIT, TRADE FINANCE & SUPPLY CHAIN INSURANCE.
Our UK entity, headquartered in London, is a Lloyds of London Broker, the centre of excellence for global insurance and reinsurance industry with a rich heritage of +300 years. We partner with world-class financially solid ‘AA’ & ‘A+’ rated international insurers and reinsurers to offer you state-of-the-art bespoke solutions best protecting your business and risk exposures.
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CONTACT US FOR A BRIEF DIALOGUE !
