Aon subsidiary Alternative Market Operations has launched Credit Indemnity & Financial Services, an online underwriting agency offering trade insurance products.

CIFS offers advice on services to enhance credit management, and is underwritten in Lloyd's.

It aims to provide “credit risk management without the risk”.

The website will provide a range of credit management services, including debt collection, finance, business reports, reports on foreign countries, insolvency services and business news.

The core products are:

  • Tradecom – aimed at the small-business sector and provides credit options backed by insurance
  • Commercial Risk – covers domestic and export commercial risk due to insolvency and default
  • Commercial and Political Risk – includes political risk cover in addition to commercial risk for insured countries outside OECD markets
  • Specific Account – provides bespoke service to selected customers
  • Catastrophe – available for both commercial risk only or commercial and political risk.

    Bob Lilley, managing director of CIFS, said: “Our staff have considerable knowledge and experience in assessing and managing credit risk. We will be judged by the professionalism of our staff and the quality of our service which will be delivered by the latest in online technology.”

    The CIFS online facility was developed with the help of Rebus, a leading provider of IT software and services to the insurance market. Business information is being supplied to the website by Dun & Bradstreet.

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