Credit Insurance - A Business Enabler
- Finance & Investment
2 days
Weekdays (9am - 5pm)
Singapore Management University
Who Should Attend
- Bankers & Financiers, working in trade finance, supply chain finance, corporate finance, syndications/ distribution, project finance, product roles, credit risk, advisory etc
- Traders, legal professionals, exchange or clearing house professionals
- Manufacturing professionals in sales, procurement, credit and finance
PREREQUISITES
Participants should have basic business and/ or finance knowledge.
Overview
Credit Insurance is a financial tool to mitigate credit risk delivered in the form of an insurance policy. It is one of the growing areas of Insurance which increasingly is being used by banks, fund houses, trade financiers, family offices, project financiers, investment bankers, manufacturers, media agencies, traders, trade associations, marketplaces, exchange clearing houses and governments. It helps relevant companies get capital relief, reduce expected credit loss (IFRS 9) provisioning, increase business, instil and improve credit management and overall corporate governance. This course is designed to help professionals deep-dive into the subject and apply the learnings for improving their business and career development.
Dates: [To be determined]
Learning Objectives
- Understand the key components of a credit insurance policy
- Underwrite credit insurance policies and the risks associated – Risk & Commercial
- Learn the applications and benefits of credit insurance for various businesses
- Know the various types of credit insurance claims
- Learn key trends and developments impacting the future credit insurance
Topic/Structure
Day 1
- Introduction to Trade Credit Insurance
- Key components of a Trade Credit Insurance policy
- Key factors impacting a trade credit insurance policy
- Pricing of Trade Credit Insurance
Day 2
- Credit insurance policy as a guarantee
- Applications of credit insurance for various businesses
- Using Credit Insurance as a credit enhancement for banks
- Credit insurance claims
- Key challenges facing the credit insurance industry
- Trends and developments impacting the future of credit risk mitigation and trade finance
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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