Bondaval, a London-based FinTech, has partnered with Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re, to widen access to technology-driven credit insurance and transform the way businesses manage credit protection worldwide.
The partnership is designed to combine Bondaval’s proprietary technology platform with Swiss Re’s global underwriting capacity, according to InsurTech Insights.
Bondaval will underwrite and issue credit insurance policies and nonpayment guarantees through its platform, while Swiss Re will provide the necessary scale to support growth across multiple international markets.
Bondaval’s platform, which integrates directly with corporate systems, allows credit managers real-time visibility of exposures and risks, streamlining processes beyond traditional policy administration. For Swiss Re, the agreement creates opportunities to expand its credit insurance offering globally. For Bondaval, the partnership paves the way to accelerate expansion across the United Kingdom, European Union, United States, and Canada, with further regions anticipated.
Bondaval is a FinTech company focused on modernising credit protection by providing digital-first insurance and guarantee products for businesses. Its platform is designed to embed risk management capabilities directly into financial operations. Swiss Re Corporate Solutions, meanwhile, is the commercial insurance division of Swiss Re, which provides a wide range of risk transfer products globally, with expertise in reinsurance, insurance, and insurance-linked solutions.
The deal reflects a broader trend of collaboration between FinTechs and traditional insurers. Other notable examples include Allianz Trade’s partnership with TreviPay to embed trade credit insurance into invoicing systems, and Barclays’ collaboration with FinTech firm Nimbla to enable small businesses to insure individual invoices instead of entire receivables portfolios. These models highlight the growing appetite for flexible, embedded credit solutions that adapt to evolving business needs.
For insurers, such collaborations open new distribution channels and deliver scale, while FinTech firms contribute advanced technology for quicker policy issuance and improved risk insights. Experts argue these alliances are shifting credit insurance from a static form of protection to a more dynamic risk management tool.
Thomas Powell, chief executive of Bondaval, said, “The partnership with Swiss Re highlights the importance of keeping credit protection aligned with increasingly complex operating environments.”
Katie McGrath, chief underwriting officer at Swiss Re Corporate Solutions, said, “The collaboration fits the company’s strategy of combining technical expertise with digital innovation to deliver long-term value for clients.”
The move signals intensifying competition within the global credit insurance market, as incumbents and new entrants race to deliver digital-era solutions. By combining Swiss Re’s capacity with Bondaval’s platform, the partnership marks a decisive shift toward embedded, real-time credit protection rather than relying on traditional annual policies.
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