Yes. For export receivables in emerging markets, I’d put these providers at the top of the shortlist:
Provider
Why it fits
Best suited for
Allianz Trade
Its World Program explicitly covers global portfolios including emerging markets, with protection for insolvency, delayed payment and political risk. It also offers transactional cover for export transactions and single/multiple countries.
Mid-size/large exporters, multinational programs, higher-risk countries
Atradius
Provides export credit insurance for overseas buyers, including commercial and political risks. Its multinational offering specifically discusses trading in , with options such as whole-turnover, single-risk and top-up cover.
Exporters wanting flexible portfolio or single-buyer coverage
Coface
Particularly interesting for emerging markets because of its extensive country/debtor intelligence and presence across emerging-market regions. Coface says it covers exports internationally and monitors emerging-market risks.
Exporters where country intelligence and difficult-market underwriting are important
Chubb
Offers multi-buyer and named-customer trade credit insurance covering insolvency, default and country risk, with underwriting hubs in the Americas, Europe, Asia and Latin America.
If your main concern is selling on open-account terms to buyers in higher-risk emerging markets, I'd initially approach Allianz Trade, Atradius and Coface.
Allianz Trade is particularly compelling if you have a diversified international receivables portfolio: its World Program specifically incorporates emerging markets and political-risk protection.
Coface deserves special attention if the countries are relatively difficult markets. Its global network covers 200 countries, and its underwriting/data operation is heavily oriented toward country and debtor risk assessment.
Atradius is a strong alternative, especially if you want flexibility between whole-turnover, single-risk and top-up structures. Its U.S. operation explicitly offers export coverage and political-risk flexibility.
One important point: “emerging market” doesn't automatically mean the receivable will be insurable. The insurer will normally assess the specific buyer, country, payment terms, currency, industry and transaction structure. Political risks such as currency-transfer restrictions, government action or political violence may require specific coverage.
If you tell me (1) your export destination countries, (2) approximate annual export receivables, (3) typical payment terms (e.g. Net 60/90), and (4) whether you need whole-portfolio or just selected buyers, I can narrow this to the 2–3 best providers and compare likely coverage, exclusions and approach to emerging-market risk.
When insuring export receivables in higher-risk or emerging markets, you generally look at two categories of providers: major private global credit insurers (who combine commercial and political risk coverage) and national Export Credit Agencies (ECAs), which are government-backed entities designed specifically to support domestic exporters venturing into volatile regions.[](https://www.trade.gov/export-credit-insurance)
Top providers equipped to handle emerging market exposures include:
Coface : Widely recognized for having deep country-risk expertise and a strong footprint in emerging markets, particularly across Africa, the Mediterranean, and Latin America. They cover commercial defaults as well as political risks like transfer/convertibility restrictions.
Allianz Trade : The largest global trade credit insurer. They maintain a massive proprietary database on global buyers, making them ideal if your emerging market buyers are larger, corporatized entities with traceable financial backgrounds.
Atradius : Known for robust underwriting flexibility and comprehensive international whole-turnover or single-buyer policy structures covering both commercial insolvency and political events.
Credendo : A European-based trade credit insurer that explicitly specializes in emerging markets and developing countries, offering short-term and specialized single-risk covers where standard private markets might hesitate.[](https://www.impelloglobal.com/trade-credit-insurance-carriers-compared)
Government-Backed Export Credit Agencies (ECAs)
If private insurers restrict limits on certain frontier or high-risk emerging nations, your home country’s official export credit agency can often step in to fill the gap. Examples include the Export-Import Bank of the United States (EXIM), Export Development Canada (EDC), or UK Export Finance (UKEF). They specifically target political risks and higher-risk foreign buyers that commercial markets avoid.[](https://www.trade.gov/export-credit-insurance)
Working with a Broker
Navigating multi-country or high-risk emerging market policies can be complex. Utilizing a specialized broker like Aon Credit Solutions can give you leverage across multiple competing private underwriters to find the best capacity and pricing for specific destination countries.
To help narrow down which provider fits best, could you share:
Your home country (where your business is domiciled)
The specific emerging markets you are exporting to
Whether you need coverage for a single major buyer or an entire export portfolio
I have set up your task to monitor trade credit insurance policy options and risk mitigants for protecting export receivables in emerging market countries.
I'll monitor for:
Policy framework and underwriting updates from major trade credit insurers and Export Credit Agencies (such as EXIM EXIM or Coface Coface ) regarding emerging market risk coverage.
Changes in political risk and commercial non-payment terms for short-term and medium-term export credit insurance.
For protecting export receivables in emerging markets, you want export trade credit insurance that covers both commercial and political risks, with country-specific underwriting for the markets where your customers operate.
Assuming your business exports from the United States, I would start with the U.S. Export-Import Bank (EXIM) and compare its coverage with private trade credit insurers. EXIM specifically notes that it can support exports in riskier emerging markets where private insurers may not operate.
Policies and providers to investigate
1. Export-Import Bank of the United States (EXIM)
(Start here)
Government-backed export credit insurance
Protects foreign receivables against commercial and political risks.
Standard multi-buyer coverage can reach 95% for eligible transactions.
Can support riskier emerging markets, subject to country and buyer eligibility.
Worth requesting a quote for a multi-country export receivables portfolio, including buyer credit limits and nonpayment protection.
Website:
3. Coface
Private trade credit and international risk management
Ask about coverage for overdue export invoices, buyer insolvency, country risk and your specific emerging-market destinations.
Website:
4. Atradius
Export credit and receivables protection
Another private insurer to approach for a quote covering international customer defaults and your target countries.
Website:
These private providers are candidates to approach, not confirmation that they will cover every emerging market you export to. Request written country-specific terms. EXIM's Country Limitation Schedule is especially useful for checking government-backed support by country, buyer sector and repayment term.
What your policy should cover
When requesting quotes, ask for these features explicitly:
Commercial risk: buyer insolvency, protracted default and failure to pay.
Political risk: currency transfer restrictions, inconvertibility, war and government actions, as applicable to the policy.
Country-specific limits: confirmation of coverage for each destination and individual buyer.
Open-account receivables: invoices payable on 30-, 60-, 90- or longer-day terms.
Adequate indemnity: ideally compare 90–95% coverage, deductibles and exclusions.
Claims and collections: waiting periods, notification deadlines and recovery procedures.
Financing: whether insured receivables can be assigned to your lender.
Coverage is conditional; sanctions, country restrictions, buyer limits and policy compliance can affect whether a claim is paid.
Let me narrow this down to a policy for your business
The most important detail is where your receivables are located, because country eligibility can change the available insurers and terms.
1. Which emerging markets do you export to?
List countries or regions, for example India, Brazil, Nigeria, Kenya or Southeast Asia.
[Textarea placeholder: Enter countries or regions…] (Current value unavailable.)
Once I have these details, I can narrow the options to policies that fit your markets and export terms rather than simply giving you a list of insurers.
