CCR Magazine

You are here  :Home arrow News arrow Export insurance made easy – new interactive toolkit for brokers launched
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Export insurance made easy – new interactive toolkit for brokers launched PDF Print E-mail
Tuesday, 19 May 2015

An innovative, new online and interactive guide to help credit insurance brokers work with their clients to access government-backed export insurance has been published by UK Export Finance (UKEF), the UK’s export credit agency.

“How to access export credit insurance: a guide to UK Export Finance’s export insurance policy” is UKEF’s first online toolkit for brokers and sets out clearly how they can help firms insure their export contracts against non-payment.

The online guide gives credit insurance brokers a springboard to arranging cover for their clients, by explaining each step of the application process for UKEF’s Export Insurance Policy (EXIP).  The EXIP is an insurance policy designed to protect UK exporters – including SMEs - against the risks of non-payment.  EXIP cover is only available for companies which have been unable to secure insurance from the private sector.

As well as providing an invaluable resource, brokers can use the new interactive toolkit to reinforce their credentials as credit insurance market specialists. The no-nonsense guide demystifies: application eligibility; policy management; claims and recoveries; using credit insurance to access finance; and provides a go-to source for answers to frequently-asked questions.

EXIP premiums start from £250 and the policy protects the exporter for up to 95% of losses incurred under insured export contracts when there is non-payment by the buyer, or when the act of a foreign government or political event (such as war) prevents contractual performance. There is no maximum or minimum value for the contract and the policy can be underwritten in pounds sterling, US dollars, Euro or yen*.

Paul Croucher, head of trade finance and insurance solutions, UK Export Finance, said:

“The broker toolkit is the second in a series of guides we are developing to create a one stop online shop for our most popular products. The first in the series, the banking toolkit, was launched earlier in the year and was very well received by participating banks.”

Commenting on the new toolkit, Susan Ross, vice president of the British Exporters Association (BExA) and account director at Aon Risk Solutions said: “This comprehensive toolkit will help build awareness of UKEF among the broking sector.”

The toolkit includes details of how brokers can access further information and support from UKEF’s national network of Export Finance Advisers. It can be accessed now on GOV.UK at:
(Source - UK Export Finance Press release)


 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197