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How Trade Credit Insurance empowers businesses to confidently expand into new markets

Discover how a chemicals company overcame non-payment risks and expanded into new markets with the support of customised Trade Credit Insurance coverage.
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Is your business ready to take on new markets without the fear of non-payment? Discover how Trade Credit Insurance can protect your cash flow, manage buyer risk, and empower your business growth journey.

In 2023 alone, 60% of businesses in Asia reported facing late payments,1 creating immense pressure on cash flows and stalling business growth. Yet, despite the substantial risks, particularly concerning extended credit terms, non-payments, and uncertain buyer credibility, businesses are still looking to expand into new markets to capture growth opportunities. 

Watch the video below to see how a chemicals company successfully navigated these challenges with Trade Credit Insurance. Under Marsh Asia’s guidance, they were able to protect their cash flow, extend secured credit terms to new buyers, and confidently expand into new territories.

With Trade Credit Insurance, you can boost your confidence in market expansion, allowing you to:

  1. Leverage a global network of insurers for tailored insights and coverage.
  2. Confidently enter new markets, alleviating your fear of non-payment.
  3. Streamline your internal credit management processes.
  4. Achieve greater efficiency in monitoring buyer risks.

Why Marsh

With a global network of more than 400 dedicated and award-winning trade credit specialists across 52 countries, the Marsh Asia trade credit team has collaborated with more than 1,500 clients in the region. Their expertise encompasses the regulations, industry practices, and the economic landscape of various markets that enable companies to effectively manage receivables risk with tailored credit insurance solutions. 

As demonstrated in this case study, partnering with an experienced advisor like Marsh Asia can amplify these advantages, offering the guidance and resources necessary for your business to thrive in new markets.

Get in touch with us today.

1 SBR (2024), Singapore among APAC countries leading ultra-long payment delays: report. https://sbr.com.sg/economy/news/singapore-among-apac-countries-leading-ultra-long-payment-delays-report