The difference between credit insurance and guarantee: credit insurance (Credit Insurance) is a kind of insurance that the right holder insures the debtor's credit risk to the insurer, and it is an insurance product used by enterprises for risk management. Its main function is to protect the safety of enterprise accounts receivable. Guarantee is a system in which the law urges a debtor to fulfill a debt with the credit or specific property of the debtor or a third person in order to ensure the realization of the claim of a specific creditor.
Credit Insurance (Credit Insurance) is a kind of insurance that the right holder insures the debtor's credit risk to the insurer, which is an insurance product used by enterprises for risk management. Its main function is to protect the safety of enterprise accounts receivable. The principle is to transfer the debtor's guarantee responsibility to the insurer, and when the debtor can not fulfill its obligations, the insurer will bear the liability.