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Credit insurance: Bercy enhances its support system

2020-05-24T15:21:09.956Z


To benefit from the State guarantee, insurers will no longer have to sign new contracts with their customers.


As activity slowly resumes in France, the executive continues to adjust its arsenal of support for the economy. After the emergency measures put in place from the start of containment, make way for specific support plans reserved for the sectors most affected by the crisis: tourism (mid-May), automotive (Tuesday), aeronautics (early June), tech, construction ... At the same time, Bercy intends to beef up its support system for credit insurance, an essential link to secure the cash flow of companies whose operations have been lacking since the start of the crisis.

What are we talking about? Credit insurers protect companies against the risk of default by their customers in the event of default. It is a very useful tool for SMEs, mid-caps, large companies ... which covers, in France, around 300 billion debts out of a total of 700 billion. In the event of an economic crisis, credit insurance plays a leverage role by preventing an entire chain of suppliers from being contaminated

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Source: lefigaro

All news articles on 2020-05-24

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