AXA Affin Assurance Bhd has expanded its insurance products with the launch of trade credit insurance on 31 January, which covers losses from non-payment of debts due to commercial and political risks.
Its president and chief executive officer Giles Ward said the company expected a good response towards the scheme, based on the enquiries it had received.
“The scheme caters for a wide range of businesses and is especially suitable for manufacturers and traders. It covers domestic and export sales, and can be tailored to the special requirements of each company, depending on the type of business and the location of clients,” he said in a statement on 28 January.
Ward explained that the scheme also enabled businesses to obtain credit information on its existing and potential clients.
