BCC Success Story
- Company launched in 18 months (from starting talks to doors opening).
- Solution: Tinubu® Credit Insurance Suite (CIS).
Over $2.5 Million annual turnover
Member of the Tokio Marine Group (TMG) since 2019
The Bond 1 Credit Co. (BCC) is based in Sydney
The BCC achieved $36 million in gross written premium in 2018
EDC has 24 employees in its Sydney and Melbourne offices
We have only been in the market now for nine months and we’re already shaking the tree and basically we have been able to provide not just a product that everyone is aware of but we have also been able to establish a business such as the Bond and Credit Company".
The Bond & Credit Company was a new entrant in the banc assurance market. The company was a new kind of underwriting agency having gathered the very best in the field under one roof. The BCC decided to offer brokers true innovation and a real alternative in the mergers and acquisitions, trade credit and surety markets by adopting the Tinubu Square solution.. The Bond & Credit Company (BCC) is now a member of the Tokio Marine Group.
The Bond & Credit Company goals were:
What’s important is that we have been able to develop The Bond & Credit Company that already has a business such as a surety business and also bringing a business which is now a trade credit insurance business and rely on a proven platform where we can manage our portfolio and grow it over the next decade".
Tinubu help create a library of data, an audit trail and the support systems
Short implementation timeframe
A full life cycle system to run the business