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International Credit Insurance & Surety Association

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The International Credit Insurance & Surety Association (ICISA) brings together the world's leading companies that provide credit insurance and/or surety bonds.


Founded in 1928 as the first credit insurance association, the current members account for 95% of the world's credit insurance business. Surety companies became members of the association beginning in the 1950s.

 

Today, with over USD 2 trillion in trade receivables insured and billions of dollars worth of construction, services and infrastructure guaranteed, ICISA members play a central role in facilitating trade and economic development on all five continents and practically every country in the world.

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From The Glossary »

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Paid-up Policy:

A life insurance policy on which, at the request of the insured, premiums are no longer being paid but which remains in force (with benefits appropriately reduced) in preference to being surrendered.
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