May 7, 2020

Trade Partnership Insurance Launched to Bolster Canadian Business Through COVID-19 Impact

Ottawa, ON – May 7, 2020 – The Receivables Insurance Association of Canada (RIAC) is pleased to announce that RIAC members Export Development Canada (EDC), Euler Hermes, Atradius, Coface Canada and The Guarantee Company of North America have collaborated to bring much needed credit capacity to support Canadian businesses impacted by the COVID-19 pandemic.

Trade Partnership Insurance (TPI) is a select buyer reinsurance product that is intended to provide the Canadian-based private credit insurers with additional credit capacity.

Read the press release to learn more about TPI

On the Frontline of Risk Mitigation

We are Receivables Insurance Brokers and Providers on the frontline of risk mitigation for businesses in Canada. Our members help Canadian companies grow and succeed by providing them with tools to trade securely at home and abroad.

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Canadian Businesses are at Risk

There are 1.1 Million Employer Businesses in Canada and most are not mitigating their risk with Receivables Insurance.

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Understanding Receivables Insurance

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Choosing a Policy

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The RI Opportunity

For Business

Receivables insurance protects businesses from buyers that are unable to fulfill their invoice payment obligations due to insolvency, protracted default and political disruptions.

For Brokers

For property and casualty brokers, receivables insurance provides an ongoing strategic service opportunity that is highly valued by CEOs, CFOs, Credit Managers and Enterprise Risk Managers.

For Bankers

Much like mortgage insurance protects a bank in the event of foreclosure, a customer with receivables insurance does not place undue risk on its working capital loans with a bank.

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