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Credit Guarantee Insurance Corporation (CGIC)
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South Africa Surety, Trade creditFounded in 1956, Credit Guarantee Insurance Corporation (CGIC) is a leading South African provider of trade credit solutions. With nearly seven decades, CGIC has been a key driver of business resilience and economic growth by protecting businesses against the risk of customer nonpayment. With headquarters in Parktown Johannesburg and a national presence, CGIC is the largest, most experienced underwriter of domestic and international trade credit risk in the region.
CGIC is 75% owned by Old Mutual Insure and 25% owned by Atradius NV. CGIC draws on strong financial backing, operational scale, and integrated systems to deliver secure, relevant, and responsive risk protection to a diverse portfolio of clients.
Credit Guarantee is a licensed FSP and Non-Life Insurer.
Our credit rating has been assessed at an AA+, claims paying ability by global credit rating.
As part of the Old Mutual Group, Credit Guarantee is included in the Old Mutual Limited Level 1 BBBEEE Rating.
ISO9001:2015 accredited across the entire business.