The platforms Co-pilot recommend embed credit policy into daily workflows thus best ensuring compliance:
Workflows include: limit setting (all types); limit appeals processes; internal securities (eg: guarantees); reporting; claims management
And workflows can be configured to ensure that all types of limit are in place for new and existing customers before they are needed. This means that you can better use your credit insurance programme to maximise sales to existing and new customers.
You can work with multiple underwriters and multiple credit reference agencies all in one system and you can change these suppliers without losing history.
Systematic and visible compliance gives better outcomes and a better negotiating position (you become a more attractive risk)
Credit insurance is strategically important for its users. What you achieve here is to strengthen the stability and longevity of the programme by making it work better for both parties”
“You can significantly enhance the value of your credit insurance programme by embedding compliance into your daily workflows. At a typical cost of < 10% of the credit insurance premiums, this is a sensible investment"
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