Founded in 1956, Credit Guarantee Insurance Corporation (CGIC) has spent more than 6 decades in business, establishing ourselves as South Africa’s leading Trade Credit Insurer. We leverage our strong partnerships to extend our reach beyond South Africa’s borders and provide Domestic and International Trade Credit Insurance to credit buyers throughout the African continent.
Our database of 150,000 buyers provides us with the real-time credit information that enables the informed decision-making and secure trading of our policyholders.
We also pride ourselves on our specialised business salvage and recovery unit, dedicated to facilitating the intricate restructuring that is, at times, needed to ensure both our clients’ interests and that of our shareholders – Old Mutual Insure (75%) and Atradius NV (25%) – are met.
With the convenience and care of our clients taking center stage at every level of operations, our Johannesburg-based underwriting team is well-positioned to provide rapid turnaround of enquiries and credit limit decisions. Additionally, our proprietary CregaLink application offers clients and intermediaries a direct digital interface to CGIC systems.
As of 2010, CGIC has also offered Bonds & Surety products, providing our clientele a wide range of tender and performance guarantees.
We are rated “AA” with regards to our claims paying ability, we hold ISO9001 quality accreditation from the South African Bureau of Standards and we subscribe to the Codes of Best Practice of the South African Department of Trade & Industry.
As proponents of positive social change, CGIC is also a Level 3 Contributor to Broad-Based Black Economic Empowerment.
With roughly 300 people employed across 5 branches located throughout South Africa, an extensive broker network and expertise in all important industry groups, CGIC has the capacity and the knowledge to design and implement Trade Credit Insurance solutions that meet the aligned needs of both our clients and our shareholders.
Credit Guarantee is an Authorised Financial Services Provider.