Credit risk insurance and export credit agency (ECA) guarantees play an important role in facilitating trade, whether that is in commercial supply chains, large projects or complex financial transactions. The product has, arguably, never been more important. The collapse of a number of well-known names in the UK high street in recent months has brought a renewed focus on the benefits of credit insurance. Indeed the ability to secure credit risk insurance is sometimes seen indicator of the financial health of a company. In recent years, financial institutions have also increasingly looked to credit risk insurance as a way of maximising capital relief.