+55 (11) 3253-7469

Does your company need Credit Insurance?

We are your best choice for Credit Insurance

Credit Insurance

Security to sell on open terms with the guarantee of receiving payment

Trade Credit

Consumer Goods (B2B)

Credit Insurance, designed for a portfolio of buyers, protects your company against the risk of non payment caused by corporate buyers. In addition to bankruptcy and chapter 11, the indemnification of up to 90% of the invoice amount will be paid if the collection wasn’t successful.

Insurers offer domestic (commercial risk) and export (commercial and political risk) Credit Insurance, with credit terms of up to 180 days.

Structured Trade

Capital Goods

The success of the capital goods industry depends, in addition to the quality of the machines, on the payment terms. In order to gain a sale, in many cases the seller is obliged to grant credit terms and thus finance the buyer. In a structured operation via a Single Risk Credit Insurance policy, the fulfillment of an agreed payment plan will be guaranteed. This is an important step in order to obtain financing, whether it is PROEX from BB, BNDES or your relationship bank.

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Credit Insurance Solutions

First of all we need to know if you are looking to insure a portfolio of clients, whether domestic or international, or if you want to insure only a specific sale - Single Risk - which usually applies when selling capital goods.

Mainly in exports, there is the possibility of covering commercial risk only or including political risk. If your focus is capital goods, we can offer coverage when the machines are being manufactured - pre-shipment risk - or just post-shipment risk, which is a coverage usually used in order to obtain financing.

A Credit Insurance policy is modular.
Let's design your policy!

Warranty Insurance

Greater competitiveness with reduced risk

Surity insurance aims to guarantee the fulfillment of a contractual obligation, such as to build, manufacture, supply or provide services. To obtain a surety bond is a cheaper and easier way than to obtain a bank guarantee. Furthermore it won’t affect your bank credit line.

Through an analysis of the financial capacity and history of the company, which has a contractual obligation to provide a service or supply a good, specialized insurers determine a credit limit and a premium rate in case of non performance.

WHO WE ARE

We are Specialists in Trade Credit Insurance and Structured Trade

GECO is a private and independent brokerage company, specialized in credit insurance,for consumer goods and capital goods as well as surety bonds. With vast international experience and important partners in Latin America, Europe and the USA, GECO is able to support companies of all sizes, in order to make the best usage of tools and benefits that Credit Insurance can offer, either through local or international insurance companies.

Our board

Eric Brabenec

Managing partner
Tel: (011) 98317-1002
Email

Rogério Vergara

Manager
Tel: (011) 99908-8281
Email

OUR ACHIEVEMENTS

In 1997, the Brazilian government relaunched the Export Credit Insurance product, which had been inactive since the 1980s. On that occasion, SBCE – Brazil’s Export Credit Agency was created.

Eric Brabenec was COFACE Brazil Country manager for 4 years, moving on to positions in the US and Germany, gaining market knowhow and accomplishing great successes during this period.

After 10 years, in 2008, Eric set up his own company, GECO Corretora de Seguros, focusing exclusively on Credit Insurance.

In the financial segment, it supported banks in structuring policies to cover credit risk, mainly in the ACC line – Advances on Exchange Contracts. Over the years, the value of covered transactions has exceeded US$1 billion.

GECO also entered into major partnerships, such as with the insurance company Chubb and the BNDES, to enable the financing of exports in the BNDES-Exim modality with Credit Insurance.

Today, GECO has a portfolio of clients that ranges from large multinational companies to Brazilian companies with family management.

We support our clients in the management of multi-buyer policies and in the structuring of single-risk policies, which in most cases enable a line of financing.

OUR PARTNERS

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GECO in the media

Export Credit insurance contributes to the Brazilian industry

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Contact us

To request more information about Credit Insurance and learn more about our services, please fill out the following form.

If you prefer, all our team.

+55 (11) 3253-7469
+55 (11) 3042-4831

geco@geco.seg.br

Av. Paulista, 2006
São Paulo – SP
01310-200 – Brasil

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