How much does credit insurance cost?

How much does credit insurance cost?

With a classic credit insurance policy, the premium is calculated based on the amount insured and hence to a percentage of the insurable amount.

That percentage is defined based on the following factors:

  • the amount to be insured
  • number of customers
  • type of customers
  • period of credit granted
  • countries to be insured
  • sector
  • claims statistics

Taking the current market situation into account, the premium rate in most cases falls between 0.05% and 1.75%.

Other credit insurance packages are possible in which the policyholder pays the outstanding balance of the insured capacity.