Accounts Receivable Insurance: The "Policy Without Borders" Facility
The "Policy Without Borders" (Polisa bez Granic) constitutes a comprehensive risk-mitigation instrument designed to insulate commercial enterprises not only against traditional trade defaults, such as counterparty insolvency, but also against the ramifications of geopolitical disruptions and force majeure events that may obstruct international payment clearance. This single underwriting framework encompasses accounts receivable from counterparties situated across up to 160 sovereign jurisdictions, explicitly including high-risk destination markets typically excluded from the risk appetite of conventional credit insurance underwriters.
The deployment of this facility substantially optimises corporate liquidity by enabling the policyholder to use the insurance policy as collateral for factoring structures, thereby accelerating the liquidation of trade receivables. Furthermore, it enhances the institutional credibility and financial transparency of the enterprise in the purview of banking corporations and credit institutions, which translates directly into preferential financing covenants for international export operations.
This financial solution has been engineered specifically to accommodate the strategic requirements of active exporters and enterprises contemplating cross-border market penetration, irrespective of corporate scale or industrial classification. Its underwriting scope encompasses volatile foreign markets and jurisdictions where alternative commercial insurers decline to extend credit protection.
Strategic Advantages for Your Enterprise
Comprehensive mitigation of commercial risks, political risks, force majeure events (explicitly encompassing pandemics) and sovereign defaults resulting from non-payment by public sector entities.
The capacity to extend credit insurance coverage to trade sales executed by your legally registered corporate subsidiaries operating in international jurisdictions.
Provision of complimentary, highly effective, amicable and legal debt collection services for insured receivables, operated by experienced recovery specialists.
The underlying contract may be executed utilising advanced electronic signatures, while ongoing portfolio management and document transmission are fully implemented via a secure digital client portal.
The facility permits the autonomous selection of specific counterparties for whom KUKE shall underwrite credit limits, extending down to the isolation of a single, individual corporate debtor.
The optional capacity to underwrite and insure the historical and operational costs incurred during the production phase of an order.
Complimentary, ongoing credit underwriting evaluation and systematic monitoring of debtor risk profiles.
Review the list of countries covered under the insurance framework
Operational Mechanism of the "Policy Without Borders"
The implementation of this underwriting service is effected via a series of structured chronological phases:
The enterprise submits a formal underwriting application designating the specified credit limit requested for the counterparty. KUKE's team of credit analysts subsequently performs a rigorous evaluation of the debtor's financial solvency and payment capacity.
Upon a satisfactory credit assessment of the counterparty, the formal insurance contract is executed. The enterprise remits a monthly insurance premium calculated strictly as a percentage of actual declared turnover, constituting the sole operational expenditure incurred throughout the tenure of the policy. In scenarios where zero turnover is realized or declared with the insured counterparty, a contractually stipulated minimum premium is assessed. The policyholder retains the discretion to secure supplementary underwriting protection at any juncture via additional premium assessments, such as the Ochrona+ top-up limit or pre-shipment manufacturing risk coverage.
The enterprise executes the physical delivery of commodities or renders the specified services to the counterparty pursuant to the underlying commercial agreement.
Structured Contract Financing (Optional)
The policyholder may leverage the transaction to secure immediate working capital via factoring facilities – either through KUKE Finance or an alternative factor – utilising the "Policy Without Borders" as primary senior collateral for the factoring institution. This structure effectively liquidates capital tied up in long-dated invoices, accelerating cash optimisation.
In the event that a payment default occurs past the maturity date stipulated within the commercial contract or invoice, the enterprise formally instructs KUKE to initiate structured debt collection and recovery protocols against the delinquent debtor.
In scenarios where systematic debt collection protocols fail to yield recovery within the contractually defined waiting period, KUKE executes the disbursement of the formal insurance indemnity.
Evaluate the projected premium expenditures by following a seamless two-step procedure.
Application Path
- Complete and transmit the designated digital communication and intake form.
- Await subsequent formal communication and administrative directives from the authorised underwriting representatives of KUKE.