- Legal Background
- Product Details
- Relative Industry
- Competitor Information
- Member Statistics
- AGCIA Insurance
The guarantee and credit insurance industry needs to be organically linked with other various industries for stable operations and management of products.
In particular, to clearly identify a type of risk (both of an individual and a corporation) underwritten by a guarantee insurer and also to efficiently evaluate such a risk, the guarantee industry needs to build strong relations with other industry players running businesses such as (1) credit information, (2) credit evaluation, and (3) credit rating system.
In addition, in case the indemnity proceeds have been paid out following a loss event, an insurer undertakes (4) collection activities aimed at recovering the indemnity proceeds from an obligor.
A series of activities above are all related to the operation of the guarantee insurance business.