Trade Credit Insurance And Management Training Course

Introduction

Empower financial professionals to mitigate risk and optimize trade finance operations with our comprehensive Trade Credit Insurance and Management Training Course. This program equips you with the essential knowledge and skills to understand and utilize trade credit insurance, assess credit risk in international trade, and develop effective strategies for managing accounts receivable. Mastering trade credit insurance and management is increasingly vital for businesses seeking to expand into global markets, minimize potential losses from customer defaults, and enhance their financial stability. Our trade credit risk management training course offers in-depth guidance and practical applications for navigating the complexities of international trade and protecting your company's bottom line.

This Trade Credit Insurance and Management training course delves into key areas such as the principles of trade credit insurance, credit risk assessment in international trade, policy structures and coverage, claims management, and strategies for effective accounts receivable management. You will gain expertise in evaluating creditworthiness, selecting appropriate insurance policies, and implementing best practices for managing trade credit risk. Whether you are a credit manager, export finance specialist, or involved in international sales, this Trade Credit Insurance and Management course will provide you with the tools and knowledge to confidently manage trade credit and minimize financial exposure.

Target Audience:

• Credit Managers
• Export Finance Specialists
• International Sales Managers
• Accounts Receivable Managers
• Risk Managers
• Trade Finance Professionals
• Financial Controllers

Course Objectives:

• Understand the principles of trade credit insurance.
• Assess credit risk in international trade.
• Evaluate policy structures and coverage options.
• Manage the claims process
• Develop strategies for accounts receivable management.
• Utilize trade credit insurance to mitigate risk.
• Optimize trade finance through insurance.
• Enhance risk management in export operations.

Duration

5 Days

Course content

Module 1: Principles of Trade Credit Insurance

• Understanding the principles of trade credit insurance.
• Exploring the role of trade credit insurance in mitigating risk.
• Understanding the different types of trade credit insurance policies.
• Identifying the benefits of trade credit insurance for exporters and lenders.
• Understanding the key terms and concepts in trade credit insurance.

Module 2: Credit Risk Assessment in International Trade

• Assessing credit risk in international trade.
• Evaluating the creditworthiness of international buyers.
• Analyzing country risk and political risk.
• Understanding the impact of economic conditions on trade credit.
• Utilizing tools and techniques for assessing international credit risk.

Module 3: Policy Structures and Coverage

• Evaluating policy structures and coverage options.
• Understanding the different types of trade credit insurance policies (whole turnover, selective, etc.).
• Analyzing policy coverage, exclusions, and conditions.
• Determining the appropriate level of coverage for different export transactions.
• Understanding policy endorsements and special conditions.

Module 4: Claims Management

• Managing the claims process
• Understanding the procedures for filing a claim.
• Gathering the necessary documentation for a claim.
• Working with insurers to ensure timely claim settlement.
• Understanding the factors that can affect claim outcomes.

Module 5: Strategies for Accounts Receivable Management

• Developing strategies for accounts receivable management.
• Implementing effective credit control procedures.
• Monitoring customer payment behavior and identifying potential issues.
• Utilizing various collection techniques and strategies.
• Optimizing the accounts receivable process to improve cash flow.

Module 6: Utilizing Trade Credit Insurance to Mitigate Risk

• Utilizing trade credit insurance to mitigate risk.
• Integrating trade credit insurance into export credit management strategies.
• Using insurance to support export expansion into new markets.
• Leveraging insurance to enhance access to trade finance.
• Understanding how insurance can improve a company's financial position.

Module 7: Optimizing Trade Finance Through Insurance

• Optimizing trade finance through insurance.
• Understanding the relationship between trade credit insurance and trade finance.
• Using insurance to secure better financing terms from lenders.
• Facilitating trade transactions with insurance-backed instruments.
• Exploring innovative trade finance solutions that incorporate insurance.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.