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Credit management and credit insurance are compatible after all.
Business Credit
|
April 01, 2002 |
Aitken, Peter; Bayer, Wayne |
COPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Let's face it. Some credit professionals cringe when they hear the words "credit insurance." Why? The dominant form of credit insurance worldwide requires credit managers to essentially turn over their decision-making authority to the credit insurer. These credit insurers effectively become their policyholder's credit and collections departments.
Another form of credit insurance takes quite the opposite approach when it comes to protecting a company's broad portfolio of credit customers. Rather than diminish the authority of a company's credit professionals, "excess-of-loss" credit insurance relies on their expertise. These policies do not require the insurer's ...
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Source: HighBeam Research, Credit management and credit insurance are compatible after all.