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Services provided for Corporates

1) Credit insurance solutions:

Our credit insurance solutions provide protection against non-payment and insolvency, ensuring that you can minimize your risk exposure while still providing financing to your clients. We offer a range of credit insurance solutions, including short-term and medium-term policies, and our experienced underwriters work closely with our clients to develop customized solutions that meet their specific needs.

Our credit insurance solutions provide a number of benefits to Corporates, including:

  • Protection against non-payment and insolvency: Our credit insurance solutions protect you from losses due to non-payment or insolvency of your clients.
  • Increased financing options: With credit insurance in place, you can offer financing options to clients that you might not otherwise be able to support.
  • Enhanced credit risk management: Our credit insurance solutions provide you with the tools you need to manage credit risk effectively, allowing you to make informed lending decisions and minimize losses.

2) Risk assessment:

Effective risk assessment is critical to managing credit risk in the banking and factoring industries. Our risk assessment services are designed to help you evaluate the creditworthiness of potential clients, giving you the information, you need to make informed lending decisions.

Our experienced team of underwriters uses a range of tools and techniques to assess credit risk, including:

  • Financial analysis: We analyse financial statements, credit reports, and other relevant financial information to evaluate the creditworthiness of potential clients.
  • Trade references: We gather trade references to get a better understanding of a client's payment history and creditworthiness.
  • Industry data: We use industry data to identify trends and potential risk factors that may impact a client's ability to pay.

Our risk assessment services provide a number of benefits to corporates, including:

  • Informed lending decisions: Our risk assessments provide you with the information you need to make informed lending decisions, allowing you to minimize your risk exposure.
  • Enhanced due diligence: Our risk assessments help you to identify potential red flags or areas of concern, allowing you to conduct more thorough due diligence on potential clients.
  • Customized risk profiles: We work closely with our clients to develop customized risk profiles that reflect their specific needs and risk tolerance.

3) Policy Management:

  • Origin’s strong operations team helps you to manage post policy obligations the way its supposed to be without straining your resources.
  • Origin operations team will coordinate with your team on various policy reporting’s to keep the policy hygiene.

4) Portfolio management:

Managing credit risk across a portfolio of clients can be challenging, especially for corporates with large portfolios. Our portfolio management services provide risk analysis and reporting, giving you the tools you need to manage credit risk effectively across your entire portfolio.

Our portfolio management services provide a number of benefits to corporates, including:

  • Risk analysis: Our inhouse developed risk management tools provide risk analysis and reporting, allowing you to identify potential problem accounts and take proactive measures to minimize losses.
  • Customized reporting: We work with our clients to develop customized reporting that reflects their specific needs and the unique circumstances of their portfolio.

Products for Institutional clients such as: - Banks / NBFC / Factoring Companies

Banks

NBFC

Factoring Companies

Trade Credit Insurance solutions:

As a lending entity, managing credit risk is at a core for of any lending business. We, at Origin Insurance, have been providing Trade Credit insurance (TCI) solutions to mitigate losses and provide protection against non-payment and insolvency hereby ensuring that you can minimize risk exposure and still extend financing to borrowers. A range of credit insurance solutions are extended that includes short-term and medium-term policies along with services of underwriting team closely working clients to develop customized solutions that meet the specific needs.

Features of the services extended by Origin Insurance for TCI towards Institutional clients: -

  • Protection against non-payment and insolvency: - Customised TCI solutions that will help lenders mitigate losses from probable losses due to non-payment or insolvency of buyers (of borrowing clients).
  • Multiple Insurance options: - Origin Insurance tie-ups with multiple insurance companies allows lending entity to take an informed decision
  • Informed lending decisions: - To provide with the buyer’s information on credit insurance allowing lenders to decide upon onward lending to borrowing clients.
  • Collections and recovery: - In the event of a claim, Origin’s team will be representing you to the Insurance company and assist in the claim process including filing of documents.
  • Assignment of Insurance Policy: - If a corporate client wants to avail standalone policy, then the same can be assigned to lending institution with the assignment clause of loss payee, i.e. the proceeds of claims can directly routed to the lending entity in the same ratio that lending was extended to a borrowing client. Origin Insurance can assist in ensuring the right wordings are fitted into the insurance policy,

Structures:

1) Assignment to Lending Entity:

  • As per the guidelines issued by IRDAI - IRDAI/NL/CIR/CRE/044/03/2016 - any assignment of proceeds of a claim under a trade credit policy may be made to a bank / NBFC registered with RBI, in the manner prescribed under Section 38 of the Insurance Act 1938.
  • It means a corporate (borrower in this case) can buy trade credit insurance and assign it to bank / NBFC as a loss payee for the proceeds of a claim under TCI policy.
  • This will help banks / NBFC to lend additional working capital for post-shipment financing (exports & domestic both) over and above the existing facilities as TCI policy will allow them to mitigate default risk of buyers (of the corporate) and can act as a substitute to hard collateral.

Our risk assessment services provide a number of benefits to banks and factoring companies, including:

  • Informed lending decisions: Our risk assessments provide you with the information you need to make informed lending decisions, allowing you to minimize your risk exposure.
  • Enhanced due diligence: Our risk assessments help you to identify potential red flags or areas of concern, allowing you to conduct more thorough due diligence on potential clients.
  • Customized risk profiles: We work closely with our clients to develop customized risk profiles that reflect their specific needs and risk tolerance.

2) Domestic / Export Invoice Financing – Without Recourse:

  • Financing for transactions between the buyers and sellers within the country or cross-border can be executed without recourse backed by trade credit insurance. Such a financing will need not require any collateral or security from the borrower to be extended to the lending entity.
  • This product brings to a situation of a win-win scenario for both i.e. lenders & borrowers both wherein It helps borrower to raise collateral free financing for its working capital requirement that in the regular course of financing from bank could have triggered a requirement of collateral and for lending entity the receivables are ring-fenced with a layer of trade credit insurance ensuring protection (in the event of default of outstanding receivables).

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