Tips for Credit Insurance Policy Renewal Using FGI T.R.U.S.T.™

Tips for Credit Insurance Policy Renewal Using FGI T.R.U.S.T.

Renewing your credit insurance policy is an important task, and with FGI T.R.U.S.T., you have all the tools needed to streamline the process and ensure compliance. Here are some tips for making the most of the T.R.U.S.T. platform as you prepare for renewal:

1. Review Your Current Coverage Limits

Before renewal, make sure to analyze your current debtor coverage limits. Go ahead and cancel any limits you no longer need and ensure these are as optimal as can be. Use the Coverage Page or export a Cover report for this.

2. Monitor Compliance Alerts

T.R.U.S.T. automatically tracks compliance across your policy, including past-due notifications and claim deadlines. Before renewing, check that all compliance areas are up to date to avoid unnecessary issues. T.R.U.S.T. also highlights overdue receivables, giving you visibility into any areas that need attention before renewal.

3. Check Debtor Merges and Updates

Ensure your debtor data is properly merged and matched to your policy’s insurance limits. T.R.U.S.T. allows you to manage this efficiently, and keeping it up-to-date ensures accurate tracking of all debtors.

4. Use TRUST's Sales Report

T.R.U.S.T. provides a sales report showing which is key for renewal - Here you can see a summary of covered vs not covered sales. View a breakdown of sales by Country, Quarter and now by each Debtor. Show each invoice associated within the date range selected per debtor. More information can be found here - https://updates.trust.fgiww.com/announcements/sales-report

7. Plan Ahead for Policy Adjustments

Whether you’re expanding, contracting, or looking to adjust your terms, T.R.U.S.T. helps you manage these changes effectively. Work with your broker to make sure the requested changes are in place for the renewal then T.R.U.S.T. can upload and configure the new policy.

If you need assistance navigating these features during your renewal, don’t hesitate to reach out to your Customer Success Manager. T.R.U.S.T. is here to make the renewal process smooth, efficient, and accurate, so you can focus on growing your business.

Thanks,

George