Aktsiaselts KredEx Krediidikindlustus

What Aktsiaselts KredEx Krediidikindlustus does

Aktsiaselts KredEx Krediidikindlustus is an Estonian state-backed credit insurance company established on November 26, 2009, by the KredEx foundation jointly with the Ministry of Economic Affairs and Communications, and headquartered at Sepise 7, Tallinn (registry code 11948506). It operates as the de facto national export credit agency for Estonia, insuring Estonian companies against buyer payment default on both domestic and export sales, with a particular focus on long-tenor (2+ year) export transactions involving capital goods, machinery, and capital-intensive services. The product portfolio spans turnover-wide coverage (müügikäibe kindlustus), selective-risk coverage, single-risk coverage, long-term export transaction insurance with political-risk protection, supplier credit insurance, and buyer credit insurance for financiers that fund Estonian exporters.

The firm's distribution model is sales-led and partnership-driven: a small internal sales and risk-assessment team of roughly 15 employees sells directly to Estonian exporters, supplemented by co-distribution through Ettevõtluse ja Innovatsiooni Sihtasutus (EIS) — under which an EIS export loan requires mandatory KredEx cover — as well as via SME Finance, regional banks in Ida-Viru and Lääne-Viru, Creditinfo Eesti for data inputs, and sector associations (forest, food, engineering, maritime). Revenue is generated primarily from insurance premiums priced on insured turnover volumes and approved credit limits, with billing on an annual cycle; 2024 premium income was EUR 1.67M against an insured turnover base of EUR 615M in 2025 (8% growth year-on-year), with credit limits spanning 62 countries. Additional operating activities include hosting regional seminars, podcast appearances, and serving as host of the 7th EU ECA Summit, along with active membership in the Berne Union.

Underlying technology is built around credit risk assessment and insurance management systems for evaluating buyer creditworthiness and administering export and domestic credit insurance policies; product access is supported by downloadable Excel forms for contract application, credit limit requests, default notifications, and benefit claims. The firm operates exclusively in Estonian and English.

Name

Aktsiaselts KredEx Krediidikindlustus

Legal name

Aktsiaselts KredEx Krediidikindlustus

Website

https://krediidikindlustus.ee

Company type

Private

Founded year

2009

Operating status

Operating

Short description

Aktsiaselts KredEx Krediidikindlustus is a state-backed Estonian credit insurer, founded in 2009 by the KredEx foundation and the Ministry of Economic Affairs, that protects Estonian companies against buyer payment default on domestic and export sales — including long-term, politically-exposed export transactions — and integrates its cover with EIS export loans.

Ownership category

akta.pro rank

Product category

Credit Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Trade Finance, Export Credit & Risk Mitigation (BPADAMAG)

Keywords

• Credit insurance services
• Export credit insurance
• Trade credit insurance
• Credit risk management
• Buyer default coverage

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Credit Insurance Premiums: The company generates revenue through credit insurance premiums charged to Estonian companies for coverage against buyer payment default risks. Premiums are collected based on insured turnover volumes and credit limits granted to buyers. The company collected 1.67 million euros in insurance premiums in 2024.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Aktsiaselts KredEx Krediidikindlustus provides credit insurance products to Estonian companies to protect against buyer payment default in both domestic and export sales. It offers short-term credit insurance for transactions with 30–90 day payment terms, long-term insurance for export transactions of two or more years covering capital goods and political risks, and a complementary export loan product offered in partnership with EIS (Enterprise Estonia).

Product overview

Aktsiaselts KredEx Krediidikindlustus is a credit insurance company that offers a comprehensive portfolio of credit insurance solutions to help Estonian companies manage buyer payment default risks. The core offering is Krediidikindlustus (Credit Insurance), available as short-term insurance (for transactions with 30-90 day payment terms) and long-term insurance (for export transactions with payment terms of 2+ years). The insurance solutions portfolio includes Müügikäibe kindlustus (Sales Turnover Insurance) for covering entire sales turnover, Valikulise riski kindlustus (Selective Risk Insurance) for specific buyer risks, and two variants of Üksiku riski kindlustus (Single Risk Insurance) - one based on sales turnover and another based on credit limits. Pikaajaliste eksporditehingute kindlustus (Insurance for Long-Term Export Transactions) provides specialized coverage for capital goods exports with political event protection. The company also offers Tarnijakrediidi kindlustus (Supplier Credit Insurance) and Ostjakrediidi kindlustus (Buyer Credit Insurance) for different financing arrangements. A complementary export financing product, Ekspordilaen (Export Loan), is offered in cooperation with EIS. The company operates exclusively in Estonian and English languages.

Differentiator

Problem solved

Functional benefit

Products and services

• Krediidikindlustus (Credit Insurance) Credit insurance product that protects sellers against buyer payment default risk, covering both domestic and export transactions. Available as short-term insurance for payment terms of 30-90 days and long-term insurance for export transactions with payment terms of two or more years.
• Müügikäibe kindlustus (Sales Turnover Insurance) Insurance that covers the policyholder's entire sales turnover, protecting against buyer payment defaults across all transactions under a single policy.
• Valikulise riski kindlustus (Selective Risk Insurance) Insurance for selectively covering specific buyer risks rather than the policyholder's entire sales portfolio.
• Üksiku riski kindlustus (müügikäibe põhjal) (Single Risk Insurance based on Sales Turnover) Single transaction insurance product based on the policyholder's sales turnover for covering individual buyer risks.
• Üksiku riski kindlustus (limiidi põhjal) (Single Risk Insurance based on Limit) Single transaction insurance product based on an approved credit limit for covering individual buyer risks.
• Pikaajaliste eksporditehingute kindlustus (Insurance for Long-Term Export Transactions) Insurance for export transactions with payment terms of at least two years, covering foreign buyer payment default risk and providing political event protection. Designed for capital goods, machinery, equipment, and large-scale services exports.
• Tarnijakrediidi kindlustus (Supplier Credit Insurance) Insurance that allows exporters to either insure foreign buyer transactions or use it combined with export loan financing; the insurer assumes buyer payment risk and provides collateral to the financial partner.
• Ostjakrediidi kindlustus (Buyer Credit Insurance) Insurance designed for financiers who fund Estonian exporter transactions by providing loans to foreign buyers; the insurer assumes buyer payment risk and provides collateral to the financier.
• Ekspordilaen (Export Loan) Export financing loan provided in cooperation with Ettevõtluse ja Innovatsiooni Sihtasutus (EIS), enabling exporters to receive up to 95% of sales proceeds immediately upon delivery, with loan amounts up to 15 million euros per buyer and repayment terms of 2–10 years.

Quantifiable outcome

• Companies using credit insurance can increase exports by up to 30% according to European statistics
• +4 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor, core, flagship and supporting.

• SID BANKA (Slovenska izvozna in razvojna banka)minorOthers · 1 January 2025Slovenian export and development bank that hosted the Berne Union Claims&Recoveries specialist meeting in Ljubljana. SID BANKA is 100% state-owned and supports sales and export development.
• HBOR (Croatian Bank for Reconstruction and Development)minorOthers · 1 January 2025Croatian development bank that hosted the 2025 Berne Union Spring Meeting in Dubrovnik, Croatia. HBOR is a member of the Berne Union.
• Eesti Laevaomanike Liit (Estonian Shipowners Association)minorGTM or Marketing Partner · 1 January 2025Partnership for maritime financing seminar and industry events. The association invited KredEx to present credit insurance solutions at the Maritime Financing Seminar 2025.
• Berne Union (International Union of Credit & Investment Insurers)coreOthers · 1 January 2024KredEx Krediidikindlustus is a member of the Berne Union, an international association of credit and investment insurers. Participation includes attendance at Spring Meetings and Claims&Recoveries specialist meetings, sharing industry statistics and best practices.
• SME FinancecoreStrategic or Co-development Partner · 1 January 2020SME Finance and KredEx Krediidikindlustus partnered to provide financing solutions to SMEs whose traditional financiers withdrew during the COVID-19 pandemic. SME Finance provides financing while KredEx provides credit insurance coverage for buyer credit risks, enabling companies like WWS Trading to continue operations during challenging times.
• Ettevõtluse ja Innovatsiooni Sihtasutus (EIS)flagshipStrategic or Co-development Partner · 1 January 2019EIS (Enterprise Estonia) partners with KredEx to provide combined export loan and credit insurance products. The export loan requires mandatory credit insurance from KredEx, and together they enable Estonian exporters to offer extended payment terms to foreign buyers. This partnership forms the core of Estonian export financing support.
• Creditinfo EestisupportingTechnology or IntegrationCreditinfo provides credit data and company payment behavior analysis used by KredEx for risk assessment and buyer creditworthiness evaluation. Joint webinars on payment behavior and risk management.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Regional players

• LIAA (Investment and Development Agency of Latvia): Latvian state agency supporting export development, including credit-insurance-adjacent guarantees for Latvian exporters — adjacent peer in the same Baltic export ecosystem.

Direct peers

• HBOR (Croatian Bank for Reconstruction and Development): Croatian state-backed development bank offering export credit insurance and guarantees; directly comparable as a small-market ECA in the EU ecosystem.
• KUKE (Export Credit Insurance Corporation, Poland): Polish state-backed credit insurer serving Polish exporters with short- and long-term export credit insurance — a structurally similar national ECA-style business in a neighboring market.
• SID Banka (Slovenia): Slovenian state-owned export and development bank offering export credit insurance and guarantees; a Berne Union peer and a direct ECA parallel for small EU economies.
• EKN (Swedish Export Credit Agency): Swedish state-owned ECA providing export credit guarantees and loans to Swedish exporters. A direct ECA counterpart operating in the same Nordic-Baltic trade corridor as KredEx.
• Finnvera: Finland's official export credit agency (ECA), offering export credit guarantees and financing for Finnish exporters — the closest ECA peer given overlapping customer profiles and Berne Union membership.

Others

• Creditinfo Eesti: Estonian credit-bureau and business-information partner that supplies KredEx with buyer payment-behavior data used for risk assessment under their existing partnership — a key ecosystem enabler rather than a competitor.

Broad incumbents

• Coface: Global trade credit insurance carrier operating across 100+ countries. Overlaps with KredEx on short-term buyer-credit cover for Estonian exporters selling to international buyers.
• Euler Hermes (Allianz Trade): The world's largest trade credit insurer, providing short- and long-term credit insurance, bonding, and export credit agency services. Competes directly with KredEx for larger Estonian exporter accounts and longer-tenor transactions.
• Atradius: Major international credit insurance and debt-collection group serving exporters across Europe. A direct alternative for Estonian companies needing buyer-credit cover with multi-country reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aktsiaselts KredEx Krediidikindlustus