Activa promotes credit insurance to boost SME export growth
Activa International Insurance is advancing a bold proposition to reposition insurance as a strategic driver of trade and economic expansion. At a high-level forum held on Thursday, April 9 at the Alisa Hotel, the company convened exporters, bankers, and industry experts to examine how credit insurance can unlock financing opportunities and enhance the global competitiveness of Ghanaian businesses. The event was organised in partnership with Coface.
At the forum, stakeholders were introduced to credit insurance as a financial instrument capable of converting insured receivables into bankable collateral, thereby improving access to working capital. Coface Deputy CEO Benoit Gazman said, "International development is not just about finding markets; it is about managing risk, protecting cash flow, and securing sustainable financing." Coface has operations in over 200 markets and supports over €4 billion in insured exposure across the continent. Participants explored real-world scenarios, including how to insure trade receivables, manage claims in cases of default, and leverage digital tools for credit monitoring, collections tracking, and policy administration.
By mitigating the risk of non-payment, credit insurance enhances banks' confidence, making it easier for exporters to access financing on more favourable terms. Through its partnership with Coface, Activa is positioning itself as a pivotal enabler within Ghana's trade ecosystem-one that goes beyond insuring risk to actively facilitating business expansion.
Quick Summary
Activa International Insurance and Coface are collaborating to promote credit insurance as a tool for SME export growth in Ghana- aiming to change the perception of insurance. The initiative seeks to address financing challenges and enhance competitiveness- but what impact will it have?
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