Trade credit insurance (TCI) protects businesses from the financial impact of their clients’ default on payments. Credit: fizkes/Shutterstock.

Malayan Insurance has joined forces with Atradius to provide TCI to businesses in the Philippines, looking to enhance risk management.  

The aim is to increase the utilisation of TCI by leveraging expertise in risk identification and mitigation.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This alliance is expected to transform the local insurance market by providing a financial safety net to medium and large-scale enterprises. 

It will support the insurance industry in the Philippines by offering a broad spectrum of businesses a layer of protection against non-payment risks. 

Prospective clients of the Malayan-Atradius partnership can expect to benefit from improved credit terms, better financing options, enhanced credit management tools and support in managing client portfolios.  

These advantages are in addition to the core function of TCI, which is to protect businesses from the financial impact of their clients’ default on payments for goods or services. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

TCI, also known as accounts receivable insurance, is designed to cover sales contracts and help policyholders recover losses within the limits of their TCI plan.  

According to the International Credit Insurance & Surety Association, the global trade credit insurance market reached a premium volume of $13.89bn in 2022.  

Atradius, with a history dating back to 1926, is a global provider of trade credit insurance, surety and collections services, and is owned by Grupo Catalana Occidente and Grupo Compania Espanõla de Crédito y Caución. 

In other recent news from the South East Asian insurance sector, Chubb collaborated with digital financial services provider Atome to co-create insurance products for consumers in Singapore, Malaysia, the Philippines and Indonesia.