Credit insurance for Kemiex’s B2B online sales platform

The Swiss-based company Kemiex has developed a state-of-the-art online trading platform in partnership with us.  

The Kemiex platform is the first online trading platform for Active Pharmaceutical Ingredients (APIs) and additives. It provides a convenient, efficient and safe trading solution for companies in the pharmaceutical, veterinary, human and animal nutrition industries. It helps traders, buyers and sellers of APIs and additives to identify reliable and compliant counterparties and conduct safe trade in a global and highly fragmented market.

Our strategic partnership with Kemiex involves the provision of single transaction credit insurance, or STCI. This is offered via the platform as an additional service for sellers of bulk volumes. It is popular among the platform’s sellers that do not already have an annual whole-turnover-policy with a trade credit insurance company, and among sellers that want to sell to countries and buyers that are not already included in their existing credit insurance policy.

Our cooperation with Kemiex marks an important milestone in leveraging the latest technology to provide innovative solutions for customers.

Secure transactions for online trade

Our role with the B2B online sales platform includes the provision of credit risk insights and insuring trade between sellers and buyers. When we launched the partnership in 2018 it was the first time that trade credit insurance for single transactions was made available through one-click on the Kemiex platform.

The platform has been designed as an alternative to the current trading processes that can often be time consuming, opaque and limited to personal networks. It also addresses industry-specific considerations around the necessity for strict compliance with quality control measures.

Users of the platform are connected to a global network of qualified counterparties that enables them to reduce transaction lead times, achieve more competitive prices and stay in full control of the trading process.

Compliance and creditworthiness in online sales

The biggest advantage of the Kemiex platform is to gain access to a global network of reliable counterparties that are creditworthy and compliant with regulations and quality controls. Kemiex assesses the compliance of each company on the platform with quality standards and strict industry regulations, while we conduct a creditworthiness check. Together with Kemiex we continuously monitor and rate the companies, their transactions and their overall behaviour, to ensure that all parties on the platform have access to up-to-date and reliable information and that any trade taking place through the platform is safe.

Summary

• Our partnership with Kemiex provides sellers of APIs and additives access to single transaction credit insurance, enabling them to secure their online trade.
• Users of the platform benefit from trading with a global network of compliant and creditworthy customers.