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.
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.
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.
CONTACT US FOR A BRIEF DIALOGUE !
