PriyaPatel
TLDR:
- Bondaval, a London-based InsurTech company, has launched a new trade credit insurance product.
- The product aims to simplify credit risk management for businesses by providing intelligent tools and guidance integrated into its platform.
Bondaval, known for its on-demand surety instruments, has expanded its offerings to include an S&P A+ rated trade credit insurance solution. This product, available in the UK and EU, is supported by Great American International Insurance (UK) Ltd and Great American International Insurance (EU) DAC. It aims to help credit managers navigate policy obligations and manage their portfolios with ease, reducing administrative burdens.
With this new product, Bondaval seeks to offer a comprehensive suite of credit risk management solutions to its clients. The company’s CEO, Tom Powell, emphasizes the importance of providing certainty in cover without the weight of administration. The platform is designed to provide a clear, elegant user experience that helps credit managers efficiently manage their policies and obligations.
Bondaval’s Chief Underwriting Officer, Ewa Rose, highlights the advantage of combining insurance and technology expertise to tailor solutions to clients’ evolving needs. The company also plans to work closely with broker partners to expand the market and create value for their clients.
By bringing together intelligent technology and financial risk underwriting, Bondaval aims to help credit teams protect their balance sheets effectively. The company’s new trade credit insurance solution represents a significant step towards simplifying credit risk management for businesses.
