Trade finance expert Miran Jus provides readers with a good understanding of the fundamentals of credit insurance and explains its significance to modern commerce. Greater competition and technological advancement have made credit insurance a cost-effective, dynamic and increasingly essential tool for handling trade risk. Jus outlines how credit insurance has evolved to its current standing as a widely used risk management tool that also offers companies a large array of important auxiliary services. Although this compact text lacks the structure to be a quick or easy reference guide, it certainly contains the bulk of the information executives would need to make informed decisions on how to protect their short-term trade receivables. getAbstract recommends this concise but thorough text to risk management professionals and to managers whose global or domestic businesses involve trade on credit.
In this summary, you will learn
- What credit insurance is and how it functions,
- Why it has become a widely used tool to mitigate risk in business operations, and
- What advantages credit insurance provides a company.
About the Author
Miran Jus is an executive director of Korona Power Engineering and an assistant professor of finance at the University of Ljubljana.