By Charlotte GAUCHON
The 27 March 2025
In the arena of international trade, every transaction is accompanied by a multitude of risks. The remoteness of trading partners, political instability in certain regions, currency volatility and the potential insolvency of debtors are major obstacles for exporting companies. These uncertainties can turn a promising business opportunity into a financial nightmare. Export credit insurance has emerged as the answer to these challenges. Comparative law on credit insurance organisations The global overview of credit insurance organisations reveals two dominant models. The first model involves countries where a single institution manages both the financing and the guarantee of export transactions. In the United States, Eximbank (Export-Import Bank of the United States) is a perfect example of this integrated approach. The UK has opted for the ECGD (Export Credit Guarantee Department), Canada for EDC (Export Development Canada) and Australia for EFIC (Export Finance and Insurance Corporation). The second model comprises countries with specialised bodies that issue credit guarantees...
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