Bondaval will underwrite and issue credit insurance policies and nonpayment guarantees through its proprietary platform. Swiss Re will provide the underwriting capacity, combining its scale with Bondaval’s digital-first approach.

The collaboration creates opportunities for both sides. For Swiss Re, the partnership offers a way to expand its credit insurance business across multiple markets, while Bondaval gains the support it needs to grow further in the United Kingdom, the European Union, the United States, and Canada, with additional regions expected to follow. The platform goes beyond traditional policy administration, integrating directly with corporate systems to give credit managers real-time visibility of exposures and risks.

This alliance reflects a wider industry trend in which fintechs and insurers are joining forces to modernise credit protection. Allianz Trade has partnered with TreviPay to embed trade credit insurance directly into invoicing systems, while Barclays has collaborated with fintech Nimbla to allow small firms to insure individual invoices instead of entire receivables portfolios. Like Bondaval’s model, these examples demonstrate growing demand for flexible, embedded credit solutions that move away from static structures.

For insurers, such partnerships open new distribution channels and provide scale, while fintechs bring advanced technology that allows faster policy issuance and detailed risk insights. Industry experts believe these collaborations are transforming credit insurance from a static safety net into an active 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, noted that the collaboration fits the company’s strategy of combining technical expertise with digital innovation to deliver long-term value for clients.

The move adds to the competitive momentum within the global credit insurance market, where established players and new entrants are racing to update products for a digital era. By combining Swiss Re’s capacity with Bondaval’s proprietary platform, the partnership signals a clear shift toward embedded, real-time credit solutions rather than traditional annual policies.