Vol. 2, Issue 5, Part F (2016)

Abstract
Export credit risk insurance is an insurance cover and a risk management product that is offered to the export firms which needs to protect their accounts receivable from loss due to credit risks by private insurance companies and governmental export credit agencies. It is a protection against unexpected huge losses which arise due to the unpaid accounts receivable against commercial and political risks beyond their control. Export credit insurance is easier to adopt and more secure and sometimes less expensive than Letter of Credit (L/C).