About

B.S.S.Ch. – The Israeli Credit Insurance Company Ltd. has been the leading credit insurer since 1957. B.S.S.Ch. is jointly owned by Harel Insurance and Finance Group (50%) and Allianz Trade (50%), the world's largest credit insurance company with over 100 years of experience and part of the Allianz Group.

B.S.S.Ch. insures sales totaling more than NIS 60 billion annually in the local market and foreign trade transactions across 140 countries. Among the company's 600 policyholders are many of Israel's leading companies and their subsidiaries worldwide.

The company is independently rated “A” in international rankings by P&S – the highest international rating for an Israeli company, placing it alongside leading global insurance companies.

B.S.S.Ch. insurance provides exporters and local market suppliers who sell goods or services on credit to their customers, with protection against non-payment of debts by those customers due to insolvency, financial difficulties, or political events in the customer’s country that prevent them from repaying their debts.

The compnay issues various types of guarantees such as bid bonds, advance payment guarantees, performance bonds, quality guarantees, tax guarantees, rental guarantees, etc. in Israel and in many countries around the world. An B.S.S.Ch. guarantee is equivalent to a bank guarantee and is recognized by the Israeli government institutions, but it does not use up the bank credit line, thereby freeing it up for ongoing business needs.

B.S.S.Ch. insures transactions with credit terms of up to 7 years across all sectors in local and international markets. In addition, the company provides its insured clients with complementary services, including financing programs based on credit insurance (“factoring”), production cost insurance, and advance payment insurance for suppliers.