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International Credit Insurance & Surety Association

Logo: unknown, PD, via Wikipedia3

International trade association for the private credit insurance industry

The International Credit Insurance & Surety Association (ICISA) is an international trade association for companies that provide private trade credit insurance, reinsurance and surety bonds. The organization has a coordinating role on the world market for private trade credit guarantees, a role that was critical in the post-war expansion of international trade. Its secretariat continues to publish reports and organize events that provide information and analysis about the state of the credit insurance industry and its role in the global economy.2 It is headquartered in Amsterdam.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1928Founded1

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The International Credit Insurance & Surety Association (ICISA) is an international trade association for companies that provide private trade credit insurance, reinsurance and surety bonds. The organization has a coordinating role on the world market for private trade credit guarantees, a role that was critical in the post-war expansion of international trade. Its secretariat continues to publish reports and organize events that provide information and analysis about the state of the credit insurance industry and its role in the global economy.2

The story

Eight companies founded the International Credit Insurance Association (ICIA) in 1928, as a result of the first international conference on trade and credit insurance, held in London in 1926. Five of the founding members (Cobac of Belgium, Hermes of Germany, SFAC of France, SIAC of Italy and Trade Indemnity of the United Kingdom) were all eventually absorbed into Allianz Trade. The other three founding members are Crédito y Caución from Spain; Eidgenössische (now Winterthur) from Switzerland and Nederlandsche Credietverzekering Maatschappij (NCM, now Atradius) from the Netherlands.

After World War II, international trade increased rapidly and trade finance became an important tool for export promotion. International coordination of the market for trade credit guarantees was a felt need. ICIA fulfilled this role for private credit insurance providers and its membership increased steadily. In the 1950s, the association opened to companies providing surety bonds and changed its name to ICISA. In 2000, it started to include companies providing reinsurance.

From Wikipedia’s article on International Credit Insurance & Surety Association, shared under CC BY-SA 4.0.4

Timeline

  1. 1928Founded Founded1

Sources

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