Beginning of credit insurance is at the end of the nineteenth century in Western Europe between the First and Second World Wars. Every country has created an export insurance company to help export. These companies offered coverage risks insolvency of the debtor and political risks.

     In the 90s of the 20th century performed concentration of market credit insurance and emerged three financial-insurance groups, which cover over 85% of the worldwide market for credit insurance. These key players were focused mainly in Western Europe but dynamic insurance market has led to their rapid expansion into Eastern Europe, Asia and America.

     Trade credit insurance plays a role in facilitating international trade. Commercial loans are available from sellers to customers as an alternative to the prepayment of goods before delivery. This gives customers time to be able to generate revenues from the sale of these products to be able to correctly pay the seller the cost of products or services.

     To give deferred payment requires the seller to take the risk of nonpayment. This risk depends on international and local situation and the nature of the export transaction. The risk can also grow by laws, customs or communication problems, the reputation of the client and its financial condition. In addition to the increased risk of non-payment is an emerging problem for the time between sending the product and its availability for sale - term delivery.

     The mere claim which arises is the type of loan provided by the seller and it is a kind of investment with purpose to market expansion. But receivable from customers is not certain asset until it is paid. If the obligation of the customer is insured against the risk of insolvency, this receivable (asset) the seller becomes more secure.

     Insured receivable can be considered as good security by credit institutions when the company is a need for current financing. This will be help to seller to increase production and increase his turnover.

     Thus insuring trade credit is a tool that facilitates corporate financing.