CAPITAL GOODS PRODUCERS
Traditionally, capital goods producers make use of public cover of risks which are offered by the mandatary of the Government. In times of reduced risk capacities, the London market (e.g. Lloyds) represents an increasingly important alternative and complements the cover of such risks.
Capital goods producers are faced with the special challenge of being able to act early on in the negotiation phase from a secure position. Thereafter the development and preshipment phases follow in which significant risks can already arise. A project is only completed once it has been accepted, often taking at least 36 months (excluding defects or warranty).
UNICOVERS can support your company along the whole chain of the individual risk phases and reserve cover capacities early on in the negotiation phase so in the run-up to a project.
Financing trading activities is challenging in particular in volatile markets. We assist our clients worldwide with tailor-made credit insurance policies to protect them from risks resulting from non-payments as well as from private and political developments. This class of insurance allows traders to insure the payment terms which are negotiable with the purchasers. This leads to a much easier situation for financing.
Our policies are placed, amongst others, on the London market. They are individual and customized to your specific needs. They may cover single risks or entire portfolios.
UNICOVERS are experts in developing individual single risk covers for deliveries of goods concerning preshipment (also prepayment), postshipment and political risks.
In close cooperation with our clients, we develop coverage solutions which can also serve as a base for financing trade turnover.
We are more than happy to assist and advise your bank with a conceptual approach.
Banks and financial institutions take out credit insurances to expand their worldwide credit commitments and ensure the necessary risk cover.
Our individually tailored insurance policies which are compliant with Basel III allow banks to expand their customer portfolio in the area of supply chain, pre- and post-export financing.
As part of the risk assessment banks are able, with corresponding policies, to grant cheaper credits thanks to the excellent ratings of the insurers.
Furthermore, syndications can be avoided as the insurers operate in the background and are not discernible for the credit borrowers. This strengthens you customer relations in the long-term.
Financial credit risks often arise for the supplier before goods or services are delivered. We can ensure already from the start that these risk positions are adequately covered for you.
Our credit insurance solutions provide support from the negotiation phase to the production and delivery times and up to the final payment. The credit insurance policies are perfectly adapted to your project as they are individually drawn-up in accordance with the risk.
Consequently, warranties and guarantees of the customer may no longer be necessary. For you as a supplier, this significantly increases your competitiveness.
Strong competition often leads to long payment terms.
However, extraordinary high volumes of receivables, in particular country risks or any other kind of special requirements, can often not be covered in the traditional credit insurance market.
Furthermore, the customer regularly demands alongside an excellent product also an offer for financing. Related risks must be insured to secure and maintain the financing base. This is covered by credit insurance.
UNICOVERS provides capital goods producers, traders and banks specialized and bespoke broker solutions from the international market (e.g. Lloyds) for such receivables.
Political unrest has increasingly become an everyday topic in the news and the press. This important issue is therefore playing an ever more important role when providing cover for investment and credit risks.
Political risks are meant which make it impossible to fulfill the contract. Examples for these are moratoria, expropriations, nationalizations & deprivation and civil wars, forced abandonment.
UNICOVERS offers banks and clients solutions for insuring such political risks.