CIFS

Overview

Credit Indemnity & Financial Services (CIFS) works with leading specialist brokers to design tailored credit insurance programmes across a broad range of industrial and commercial sectors. With policies underwritten by Syndicate 2007, CIFS supplies cover against non-payment of debts by insured customers for businesses of all sizes, as well as trade associations and also participates in syndicated risks for specific major accounts.

CIFS delivers certainty to the trading environment in even the most challenging economic conditions. Its underwriters focus on working with policyholders and their suppliers, gathering accurate data to facilitate credit risk decisions reflecting the economic circumstances. They are supported by proprietary analysis tools and techniques developed for the company by leading UK academics in the field.

In addition, CIFS partners leading practitioners in allied areas such as credit information reports and debt collection, helping policyholders and their advisers to structure comprehensive solutions which enhance their credit management operations.

Areas of cover

• Insolvency – events including administration, bankruptcy, administrative receivership and liquidation
• Default – non-payment of invoices after a specified period from due date
• Political Risk – restriction or delay of payments due to war, currency inconvertibility, import/export licence cancellation, government frustration of contract