Our technology gives every invoice a unique risk rating that's based on a combination of factors. The risk rating plays a role in calculating the price of your insurance policy.
Risk ratings range from very low risk to very high risk. If the risk is higher than very high risk, we're unable to insure that invoice. There are a number of factors that affect the risk rating.
✔️ The company credit score of your buyer — As provided by the credit reporting agencies we work with. A better credit score has a positive impact on the risk rating.
✔️ The payment performance of your buyer — We look at how they pay other suppliers. A good payment performance has a positive impact on the risk rating.
✔️ The invoice value — We look at the amount you want to insure today. A lower invoice value has a positive impact on the risk rating.
✔️ The payment terms — We look at the payment terms of the invoice you want to insure today. Shorter payment terms have a positive impact on the risk rating.
✔️ Concentration risk — We look at our own risk appetite as well as that of our global A-rated underwriters QBE.