We are happy to help you digitize our data exchange through APIs, and boost your Risk Management capacity to the next level!
What's Trade Credit Insurance (TCI)?
As a company, you sell goods or services to multiple corporate clients. For the majority of them, you can’t get cash payment and have to grant a payment term, bearing therefore payment risks on your receivables. TCI protects companies against that risk: your commercial customers’ inability to pay, whether because of bankruptcy, insolvency, or political upheaval in countries where your trade partner operates.
In Allianz Trade, we call our clients Policy Holders (PH), bound to us through a TCI contract; corporate clients of our policy holders are called buyers in our jargon.
Glossary
TCI: Trade Credit Insurance. An insurance policy and a risk management product to protect PHs accounts receivable from loss due to credit risks such as protracted default, insolvency, or bankruptcy.
PH: Policy Holders; our clients.
Buyers: Corporate clients of our PHs.
Great benefits to integrate our APIs into your system
Productivity & Reliability
Currently, you manually take credit limit/cover information from our client portal to update your own IT system, that's time consuming and human errors might happen.
By automating that process, you save time to focus on Credit Risk Management, and to increase your efficiency.
Proactivity
API works likes a conveying pipe, and brings mass data (not water or oil) into your system.
Like a Master Chef, with all these ingredients, you can design various credit management tools: bespoke alerts, KPI indicators, data exploration, business intelligence, etc...All to proactively manage your credit risks without undermining your sales potential.
Global View
Thanks to API integration, you can have all client related data into one system: commercial, risk profile, credit limits authorization, cover consumption, outstanding, billing, payment behavious, etc...
The more data you have, the more relevant could be your decisions to find the right balance between business development and risk management.
What are our functional products within TCI?
We provide five types of TCI products:
Named Cover
ND Cover
Grade Based Cover
Grade Service with Monitoring
Grade Service
They are not applicable to all PHs, and your broker or Allianz Trade account manager can inform you on products under your contract.
About us
We are the global leader in trade credit insurance and a recognised specialist in the areas of surety, collections, structured trade credit and political risk.
