Clal Credit Insurance has been operating since 1981, leading the field of credit risk insurance in Israel. The company provides hundreds of its clients from all sectors of the economy, from Israel and abroad, with protection against insolvency, and losses due to non-payment or payment delays by customers. In foreign trade risk insurance, the company also protects against political risks and covers credit risks for exporters in more than 110 countries worldwide. Clal Credit Insurance is jointly owned by Clal Insurance and Finance and the Atradius Group - one of the world's largest credit insurance corporations, operating in over 50 offices worldwide and insuring annual transactions worth 300 billion euros. Additionally, the Atradius Group maintains an online database containing information on approximately 45 million companies globally. The successful collaboration with Atradius helps Clal Credit Insurance provide its insured clients with up-to-date and professional solutions based on knowledge and experience accumulated over 75 years of international credit insurance.

Credit Insurance

- Credit insurance protects companies that sell on credit to business customers against non-payment due to insolvency or prolonged default, and in the case of exporters, also against political risks (as defined in the policy). Credit insurance provides security for the organization's sales activities by reducing risk and ensuring insured payment, alongside credit risk management and collection services provided as part of the insurance.

- Credit insurance is a tool that helps companies increase sales, expand, and grow safely with existing and new customers while maintaining a low level of business risk.

- A comprehensive and inclusive credit risk management approach allows your business to benefit from financial compensation for unpaid debts, minimize losses, and enhance the organization’s economic stability and resilience.

- Credit insurance helps you understand your customers' payment ability and enables you to offer them competitive payment terms, thus leveraging your business.

- Credit insurance offers protection for periods of up to one year, and for transactions conducted over longer periods, a tailored solution is available through a dedicated underwriting process that matches the transaction structure.

- The credit insurance policy also increases the insured’s financing means when banks and non-bank financing companies allow, based on the credit insurance policy, to expand the company’s credit and financing frameworks.

- Collection and legal services domestically and abroad.

Who is the Credit Insurance Policy for?

The credit insurance policy is intended for companies that wish to protect their credit transactions against non-payment by their customers on the one hand and to increase their business activities with existing and new customers on the other. The policy insures credit transactions of up to one year.

Integrated Financing Solutions with Credit Insurance

- Financing solution that does not sit on the company’s banking credit lines.

- Expanding activities and supporting business growth.

- Improving the company’s working capital.

- Enhancing financial relationships.

- Improving trading terms with suppliers domestically and abroad.

Professional Service and Support Network

- Clal Credit Insurance offers its insured clients a professional and advanced service and support network that includes:

- A customer relations manager who manages the insured’s portfolio and is fully available to the client.

- Policy operation on the website through an advanced digital tool including automatic underwriting that allows immediate response (according to the company’s policy) and provides real-time support to the insured.

- Operational convenience and full availability via the website, mobile phone, and email.

Range of Available Products:

Credit Insurance for Goods and Services in the Local Market

Clal Credit Insurance insures trade and service activities for Israeli companies selling in the local market. The company’s insured clients benefit from a broad database and extensive knowledge that help them manage and protect credit risks comprehensively. The insurance includes coverage for insolvency events and prolonged default.

Credit Insurance for Goods and Services Abroad

Clal Credit Insurance allows its insured clients to obtain information about their existing and/or new customers in over 110 countries, thanks to the global reach of Atradius and Clal Credit Insurance’s extensive experience in foreign trade risk insurance. The insurance includes components of insolvency and prolonged default as well as protection against political risks.

Expanding Financing Sources

The credit insurance policy allows you to diversify and expand your company’s credit framework in the banking system and non-bank entities by enabling the assignment of policy rights to the financing entity or through invoice discounting/factoring. In these ways, the bank “sees” insured risk through a company with a high local and international financial rating, while the company benefits from expanding its financing channels and reducing its costs.

Legal Handling and Collection Services Domestically and Abroad

In the event of an insurance claim, when your customer domestically or abroad does not pay due to financial difficulties, Clal Credit Insurance will handle the entire collection and legal process.

Online Policy Management

Policy management via a secure operational website allows you to manage the policy easily and user-friendly.

Clal Credit Insurance

36 Raul Wallenberg St., Tel Aviv, Atidim Tower, Tower 8.

Tel. 03-6276333

Email: [email protected]

Website: Credit Insurance - Clal Insurance and Finance (clalbit.co.il)

*Joining the insurance and terms are subject to the company’s discretion and policy conditions.