Export credit insurance

Export credit insurance is a financial product that protects exporters against the risk of non-payment by foreign buyers due to reasons like insolvency or political instability. It ensures that companies can confidently sell products internationally without the fear of losing money if a buyer can't pay. This insurance helps expand international trade by reducing financial uncertainty, supporting exporters in managing risks associated with unfamiliar markets or unstable countries. Essentially, it provides a safety net, allowing exporters to focus on growing their business while mitigating potential losses from international transactions.