Cargo insurers can expect to face a large exposure value after the recent tanker attacks in the Gulf of Oman.
Why Credit Insurance Needs a Deeper Understanding
11 December 2017 | Newsletter
Fans of The Godfather will no doubt recall the scene where Michael Corleone confronts Moe Greene about buying out Moe's share of the Las Vegas Casino exclaiming, "my credit good enough to buy you out?"
Yet, few would recall the scene's link to credit insurance. For the scene points to the fragile nature of credit insurance, as it is based on the confidence between suppliers, customers, insurers and financiers. A precarious relationship that can become easily unravel in the face of events such as the bankruptcy of Toys R Us and the Mozambique debt scandal.