Tha new credit insurance service is intended to support small and medium enterprises' credit management
UK-based credit insurance broker Aon Trade Credit, in partnership with Euler Hermes UK, has launched Aon Tradeability, a new credit insurance service intended to support small and medium enterprises’ credit management.
Aon said that the new service comprises credit insurance to protect against bad debts, small and medium enterprise (SME) service team to support the company’s credit management function, recommendations on enhancing current credit procedures, assessment and credit rating for all customers, specialist advice on credit limits and claims, online access to customer information and debt collections.
Elizabeth Jenkin, director at Aon Trade Credit, said: Today’s volatile economy means SME balance sheets are under pressure from customer defaults, as well as more restrictive bank lending. We wanted to create a simple product to give peace of mind while developing a service that reinforces the credit management function.
While we’re offering an accessible and cost-effective solution, we’ve brought in the best bits of the service we offer to our larger clients — including access to customer insight and specialist advice on setting appropriate credit limits on your customer base.
Headquartered in Chicago, Aon is the provider of risk management services, insurance and reinsurance brokerage and human capital and management consulting.
Euler Hermes is into credit insurance.