Credendo – Trade Credit Insurance has signed a fronting agreement with Royal Sundaram in India giving brokers access to locally issued insurance policies for Indian businesses while continuing to benefit from our underwriting and risk expertise.

Under the arrangement, Royal Sundaram will issue policies locally, while Credendo will provide underwriting, risk assessment, claims management and recovery expertise.

The solution can be used for a range of Indian business, including:
 

• Domestic transactions, where both the insured and debtor are based in India
• Indian exports, where an Indian company is trading with customers overseas.
• Multinational programmes, where an international client has an Indian subsidiary that needs locally compliant cover.

“Brokers now have access to a locally compliant solution for Indian business through Credendo – it gives them another practical option when arranging cover for domestic business, exports or multinational programmes,” said Adrian Keller, Legal Counsel at Credendo – Trade Credit Insurance.

The agreement also gives Credendo’s international customers greater flexibility when their programmes include Indian subsidiaries.

“For multinational clients, having a local policy option can make it easier to structure their insurance programme in line with local requirements – it means we can offer a more consistent service while still bringing our underwriting and risk expertise,” said Adrian Keller.

The partnership with Royal Sundaram expands Credendo’s global fronting network in large, fast-growing markets. In 2025, Credendo signed a fronting agreement in China, enabling local policy issuance through a partnership with Zking Property & Casualty Insurance.

For more information, please contact your Credendo contact person.