Sanctions and country risk under control – in underwriting and claims.
Credit insurers decide on limits every day in countries whose sanctions position keeps changing. Surety insurers issue guarantees in favour of beneficiaries worldwide. Both have to evidence that they do not breach sanctions – when underwriting and when paying. TFI combines country risk, screening and a guarantee workflow with complete evidence.
What underwriting and payment are measured against
- Reg. (EU) 833/2014 · EU · UK · US
Sanctions
Insurance and reinsurance bans, designations and circumvention – when underwriting, renewing and paying.
- Dir. (EU) 2024/1226
Sanctions criminal law
Providing insurance services in breach of sanctions is a criminal offence across the EU.
- URDG 758 · ISP98
Guarantees
Demands, transfers and counter-guarantees under the agreed ICC rules – with deadlines and evidence.
- Reg. (EU) 2022/2554 (DORA)
ICT third-party providers
Contracts, audit rights and exit strategy for the software you use – insurers included.
- Solvency II
Governance
An effective internal control system and compliance function – with traceable decisions.
- OFSI · OTSI · since 10 Oct 2024
UK nexus
Stronger enforcement of financial and trade sanctions in the United Kingdom, including strict civil liability.
Three cases from underwriting and claims
- 01
A limit request for a high-risk country
RiskChart shows the sanctions position, FATF status and anti-circumvention measures of the buyer country with source and date – an evidenced basis for the limit decision.
- 02
A demand under a bond
A beneficiary draws on a performance guarantee. TradeCore handles the demand under URDG 758 with deadlines and a four-eyes decision – and does not pay while a hold, an open finding, an escalation or a sanctions hit against the parties exists.
- 03
A new designation in the book
A buyer is newly designated. The newsletter and RiskChart report the change; in TradeCore, post-approval monitoring shows which clearances ran against a superseded list version, and the new review is documented.
What TFI provides for insurers
- TFI TradeCore
Guarantee and bond workflow with screening, demands, counter-guarantees and transfer under URDG 758, release gate and audit log.
- TFI RiskChart
Country risk with official sources, a change log and your own exposure per country as a map layer – for underwriting and the portfolio.
- TFI Newsletter
New sanctions, insurance bans and enforcement cases – daily, with primary sources.
- TFI TradeScreen
Screening of policyholders, buyers and beneficiaries in TradeCore – explainable and decided under the four-eyes principle.
- Advisory and audit
Review of your sanctions processes in underwriting and claims, sanctions risk assessment and training – the legal review of the clauses stays with your counsel.
Fits your IT and DORA governance.
- Deployment
Runs in your environment
On premises or in your cloud, as containers with PostgreSQL. Your data never leaves your institution.
- Access
Sign-in and permissions
Connection to your identity provider via OpenID Connect, such as Microsoft Entra ID with MFA; roles along the three lines of defence, strict tenant separation.
- DORA
Documents for the outsourcing review
Software bill of materials (SBOM), role and permission matrix, security and operations concept.
Getting started for insurers
We start with TFI RiskChart for underwriting and the portfolio, or with a review of your sanctions processes. TFI TradeCore is pre-production: technically complete and backed by more than 3,600 automated tests (as of September 2026), but not yet released for production use with real customer data. That is why we start with a clearly scoped pilot project in a test or shadow environment.
- TFI RiskChart with your exposure per country as its own layer
- Review of sanctions processes in underwriting and claims
- A TFI TradeCore pilot for guarantees and bonds
- Evaluation against agreed success criteria
Questions from insurers
No legal advice and no credit or limit decisions. TFI provides evidenced foundations and controls – your responsible people decide on underwriting, limits and payment.
Is TradeCore suitable for surety business?
Yes. Guarantees and bonds are a core product of TradeCore – with demands, counter-guarantees and transfer under URDG 758 and a release gate while findings are open.
And for trade credit insurance?
Here the value lies mainly in TFI RiskChart and the newsletter: country risk and sanctions changes with sources, plus your own exposure per country. The limit decision itself stays in your systems.
Can we show our exposure?
Yes. TFI RiskChart can display a metric of your own – such as exposure or open limits per country – as a map layer; the data stays in your environment.