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About ICBA
  • about icba
    World's largest team
    of independently owned, global specialist trade credit insurance brokerages
    • 70
      70
      Offices
      It all began in 1999, with one office in France, when a group of visionaries based in trade credit insurance business got together with an idea to develop. ICBA currently has 70 offices, and is growing constantly.
    • 40
      40
      Countries
      We are based in 40 countries, which is a prerequisite for offering “glocal” solutions, i.e., advice and guidance that is globally-integrated but locally delivered and supported.
    • 5
      Continents
      Serving over 8,000 clients, including 300 multinationals, ICBA brokers act effectively to provide trade credit and political risk insurance solutions to companies conducting business on 5 continents.
    • 1
      1
      Team
      ICBA is the worlds largest team of independently-owned, global specialist trade credit insurance brokerages, where the whole is indeed larger than the sum of its parts. We are One Team with One Focus: Our Clients.
  • ICBA Baltic
    Kreditų draudimo brokeris / ICBA Baltic is the only specialized credit insurance and credit risk management broker in the Baltic States.

    The activity fields branch out to: credit insurance, consultations and training on the buyer credit management; implementation of the effective buyer crediting system in companies; evaluation of the buyer credit risk. Kreditų draudimo brokeris / ICBA Baltic together with the other group companies makeS credit reports on Lithuanian and foreign buyers; consults on the trade financing issues; communicates with the credit insurance companies for the higher credit limits; provides credit management and debt collection services.

    Every client is attended with exclusive attention as each insurance contract is assigned with contract administrator.

    Knowledge, confidentiality, high quality, keeping to the agreed terms, tailored solutions, professional team and long-termed employee experience – this is what gives competitive advantage to Kreditų draudimo brokeris / ICBA Baltic as these are the qualities so valued by the clients and partners.

    Kreditų draudimo brokeris / ICBA Baltic invests into development of additional services and implementation of new products for local market and abroad, which is why the rendered services best meet the clients’ needs and expectations.

    Your ICBA Broker team will work alongside you to provide a strategic range of tailored solutions. Trade Credit Insurance is changing and today’s Broker must be able to liaise with and, work closely in harmony with underwriters. The need for increased credit limits on key customers is becoming a challenge and it is not uncommon for Brokers to work with several underwriters to provide much higher credit limits and claim payment certainty that will fully support a client’s expansion.

  • Our expertise
    The aim of ICBA is to offer “glocal” solutions, i.e., advice and guidance that is globally-integrated but locally delivered and supported.

    Through ICBA, companies that transact business around the world are able to take advantage of the best suited, best-priced, and local credit insurance and trade finance solutions without losing the benefits of central reporting, coordinated administration or aggregate pricing as might be desired by management.

    Key benefits of the Kreditų draudimo brokeris / ICBA Baltic “glocal” approach for your worldwide credit risk mitigation, sales, and trade finance structures:

    • Global coordination. Receivables insurance placed worldwide in a way that makes sense for our client’s various markets, terms, products, sales strategies and trade-finance requirements. If a client is operating in more than one territory, one ICBA Broker will assume the role of the lead Broker to act in a client’s favour and if necessary override local decisions. We cooperate both with local and foreign insurance companies, therefore we can offer solutions meeting both the local, and the international companies needs. Our connections with foreign insurance companies make it possible to provide service to any international company with business activity in any country.
    • Insurance price. Long-termed experience in credit insurance made it possible to gain much expertise and develop good contacts with insurance companies, which enables us to offer the best credit insurance prices. The price negotiated by us will be most efficient in regards to the insurance level and contract conditions.
    • Insured coverage. Using our expertise and knowledge, we achieve the maximum credit limits for the best possible price and under the most favourable conditions.
    • Administration of the insurance contract. Credit insurance expertise delivered in your language, culture and domicile of our clients. Each contract is assigned with the contract administrator, who represents the client’s interests during the insurance contract period. We evaluate the current credit insurance contracts and the client’s needs and present the most favourable offers from the credit insurance companies, negotiate the insurance conditions, inform about the changes in the contract. We consult and provide assistance in administration of the insurance contract, and we are willing to solve all problems. For a policy to be managed effectively in your interests, the relationship your ICBA Broker has with their local underwriters at Board level is crucial. This relationship is never more important than when they are negotiating at risk level with the key risk underwriter commercial limits. ICBA Brokers are in regular communication with the local risk underwriters in their territory, talking on a day to day basis to secure the most favourable outcome swiftly.
    • Additional benefits. We represent the client and negotiate the conditions that are favourable to the client, not to the Insurer. Much attention is paid to the quality of credit limits, which is why we persuade the Insurer to review the assumed risk.
    • Efficient debt management. We assist in collecting the documents for the claim payment, find a solution without a legal action. In case of the disputes with the insurance company, we recommend the experienced lawyers specializing in the credit insurance.
    • Recognition. The ICBA has considerable influence, being recognised by all the leading underwriters at Board level. At senior underwriter level this enables us to negotiate key limits, claim payments and policy terms at the highest level.
    • Innovation. Our brokerages that are connected to one another not just by their expertise but by their genuine passion to challenge the traditional approach to Trade Credit Insurance by delivering innovative solutions that push way beyond the boundaries that were established as little as a few years ago. Clients tell us it is our dynamic approach that enables them to unlock their capacity in local and emerging markets and to help them identify where the business of the future is coming from. If you are looking to trade in emerging and often challenging markets you need a partner that will help you capitalise on the risk and that will use their wisdom and local expertise to enable you to make the right strategic decisions; decisions that will protect your brand.
  • About ICBA
    World's largest team
    of independently owned, global specialist trade credit insurance brokerages
    • 70
      70
      Offices
      It all began in 1999, with one office in France, when a group of visionaries based in trade credit insurance business got together with an idea to develop. ICBA currently has 70 offices, and is growing constantly.
    • 40
      40
      Countries
      We are based in 40 countries, which is a prerequisite for offering “glocal” solutions, i.e., advice and guidance that is globally-integrated but locally delivered and supported.
    • 5
      Continents
      Serving over 8,000 clients, including 300 multinationals, ICBA brokers act effectively to provide trade credit and political risk insurance solutions to companies conducting business on 5 continents.
    • 1
      1
      Team
      ICBA is the worlds largest team of independently-owned, global specialist trade credit insurance brokerages, where the whole is indeed larger than the sum of its parts. We are One Team with One Focus: Our Clients.
  • ICBA Baltic
    Kreditų draudimo brokeris / ICBA Baltic is the only specialized credit insurance and credit risk management broker in the Baltic States.

    The activity fields branch out to: credit insurance, consultations and training on the buyer credit management; implementation of the effective buyer crediting system in companies; evaluation of the buyer credit risk. Kreditų draudimo brokeris / ICBA Baltic together with the other group companies makeS credit reports on Lithuanian and foreign buyers; consults on the trade financing issues; communicates with the credit insurance companies for the higher credit limits; provides credit management and debt collection services.

    Every client is attended with exclusive attention as each insurance contract is assigned with contract administrator.

    Knowledge, confidentiality, high quality, keeping to the agreed terms, tailored solutions, professional team and long-termed employee experience – this is what gives competitive advantage to Kreditų draudimo brokeris / ICBA Baltic as these are the qualities so valued by the clients and partners.

    Kreditų draudimo brokeris / ICBA Baltic invests into development of additional services and implementation of new products for local market and abroad, which is why the rendered services best meet the clients’ needs and expectations.

    Your ICBA Broker team will work alongside you to provide a strategic range of tailored solutions. Trade Credit Insurance is changing and today’s Broker must be able to liaise with and, work closely in harmony with underwriters. The need for increased credit limits on key customers is becoming a challenge and it is not uncommon for Brokers to work with several underwriters to provide much higher credit limits and claim payment certainty that will fully support a client’s expansion.

  • Our expertise
    The aim of ICBA is to offer “glocal” solutions, i.e., advice and guidance that is globally-integrated but locally delivered and supported.

    Through ICBA, companies that transact business around the world are able to take advantage of the best suited, best-priced, and local credit insurance and trade finance solutions without losing the benefits of central reporting, coordinated administration or aggregate pricing as might be desired by management.

    Key benefits of the Kreditų draudimo brokeris / ICBA Baltic “glocal” approach for your worldwide credit risk mitigation, sales, and trade finance structures:

    • Global coordination. Receivables insurance placed worldwide in a way that makes sense for our client’s various markets, terms, products, sales strategies and trade-finance requirements. If a client is operating in more than one territory, one ICBA Broker will assume the role of the lead Broker to act in a client’s favour and if necessary override local decisions. We cooperate both with local and foreign insurance companies, therefore we can offer solutions meeting both the local, and the international companies needs. Our connections with foreign insurance companies make it possible to provide service to any international company with business activity in any country.
    • Insurance price. Long-termed experience in credit insurance made it possible to gain much expertise and develop good contacts with insurance companies, which enables us to offer the best credit insurance prices. The price negotiated by us will be most efficient in regards to the insurance level and contract conditions.
    • Insured coverage. Using our expertise and knowledge, we achieve the maximum credit limits for the best possible price and under the most favourable conditions.
    • Administration of the insurance contract. Credit insurance expertise delivered in your language, culture and domicile of our clients. Each contract is assigned with the contract administrator, who represents the client’s interests during the insurance contract period. We evaluate the current credit insurance contracts and the client’s needs and present the most favourable offers from the credit insurance companies, negotiate the insurance conditions, inform about the changes in the contract. We consult and provide assistance in administration of the insurance contract, and we are willing to solve all problems. For a policy to be managed effectively in your interests, the relationship your ICBA Broker has with their local underwriters at Board level is crucial. This relationship is never more important than when they are negotiating at risk level with the key risk underwriter commercial limits. ICBA Brokers are in regular communication with the local risk underwriters in their territory, talking on a day to day basis to secure the most favourable outcome swiftly.
    • Additional benefits. We represent the client and negotiate the conditions that are favourable to the client, not to the Insurer. Much attention is paid to the quality of credit limits, which is why we persuade the Insurer to review the assumed risk.
    • Efficient debt management. We assist in collecting the documents for the claim payment, find a solution without a legal action. In case of the disputes with the insurance company, we recommend the experienced lawyers specializing in the credit insurance.
    • Recognition. The ICBA has considerable influence, being recognised by all the leading underwriters at Board level. At senior underwriter level this enables us to negotiate key limits, claim payments and policy terms at the highest level.
    • Innovation. Our brokerages that are connected to one another not just by their expertise but by their genuine passion to challenge the traditional approach to Trade Credit Insurance by delivering innovative solutions that push way beyond the boundaries that were established as little as a few years ago. Clients tell us it is our dynamic approach that enables them to unlock their capacity in local and emerging markets and to help them identify where the business of the future is coming from. If you are looking to trade in emerging and often challenging markets you need a partner that will help you capitalise on the risk and that will use their wisdom and local expertise to enable you to make the right strategic decisions; decisions that will protect your brand.
Products
  • Trade Credit Insurance
    The deal is done, the goods and services have been delivered. But the money is not yet in the bank, and something’s gone wrong. This is the role for trade credit insurance and the ICBA Baltic brokers.
    Trade Credit Insurance

    Trade credits (buyers’ receivables) usually form a considerable part of the company’s assets, and like any valuable property should be insured. Even the reliable buyers may face hard times to pay their debts, which can end up in huge financial problems for the supplier.

    Trade credit insurance arranged by “Kreditų draudimo brokeris” / ICBA Baltic brokers covers your accounts receivable for such risks, and pays out so your cash flow is not interrupted. Trade credit insurance gives you the ability to trade with confidence, knowing that defaulting customers won’t throw your business into unforeseen turmoil.

    Credit insurance is firstly about the credit limit. The insurance covers the receivables only of those buyers who have been approved with the credit limit. The two parties of the insurance contract, i.e. the Insurer and the Insured both share the risk of the buyer’s insolvency. Usually the Insurer covers 75-90 percent of the loss.

    “Kreditų draudimo brokeris” / ICBA Baltic brokers also act as an early warning signal, helping you make good decisions about which companies to trade with. There’s another bonus. Trade that’s properly insured gives banks the confidence they require to respond to funding requests and negotiate more favorable financing terms.

  • Working Capital Finance
    Working capital finance insurance helps when your company’s bank credit limit has been exhausted by other transactions.
    Working Capital Finance

    We consult small and medium companies (rated according to the number of employees) on finance management issues. We evaluate client’s possibilities and needs for the working capital as well the finance alternatives, act as an intermediary in attracting financial resources for ensuring the efficient working capital, consult on factoring issues and represent the client in the negotiations for factoring conditions.

    During the world’s recent credit crisis, ICBA brokers worked with their clients around the globe so financiers could provide uninterrupted working capital finance to assure the continuation of trade. In such situations, trade credit insurance gives your bank the risk mitigation tool it needs to provide ongoing working capital to keep trade and exports flowing.

  • Debt collection services
    How do you prompt seriously delinquent customers to pay?
    Debt collection services

    Our debt collection services will help you resolve late payment issues, while retaining your trading relationships.

    We provide the pre-legal and legal debt collection, debt writing-off services, consult on companies’ risk assessment, legal and pre-legal debt collection issues, give access to the Lithuanian companies’ database. Skilled and experienced debt collection specialists assure that the faced problems are solved professionally and quickly. We co-operate with lawyers, notaries, and partners abroad. Therefore, we can render a wide-range of services customized to the individual needs of our clients – starting with the monitoring of the debts from the sales moment up to the instigation of the bankruptcy procedure.

  • Political Risk Insurance
    Political decisions can have adverse effects on corporate profitability, and you can plan for and mitigate those risks with your ICBA Baltic broker.
    Political Risk Insurance

    Politics and change go hand in hand. Most of the time those changes don’t affect the flow of business. However, political decisions can have adverse effects on corporate profitability, and you can plan for and mitigate those risks with your “Kreditų draudimo brokeris“ / ICBA Baltic broker.

    Political risks can range from very detrimental, such as widespread destruction due to revolution or war, to those of a more financial nature, such as the creation of laws that suddenly prevent the movement of your trading capital.

    ICBA political risk insurance covers your trade. If an adverse political event occurs, your policy pays out, which gives your business the confidence it needs to expand trade abroad without fear of the unpredictable.

ICBA Baltic team
Offices
ICBA’s global team combines local service with international coordination to provide trade credit and political risk insurance solutions for multinational companies – anywhere.
Contact us
To contact a specific ICBA country office, please select the ICBA location from our Office Locator
Contact Information In the Baltics
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