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.

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.