1. The differences between credit insurance and guarantee insurance include:

① The applicant for credit insurance is generally the obligee, while the applicant for guarantee insurance is generally the obligor;

② The credit insurance contract is an egoistic contract, and the guarantee insurance contract belongs to an altruistic contract;

③ Insurers of credit insurance generally reduce their losses by claiming compensation from the obligor after payment. In addition, insurers who guarantee insurance can also use reverse guarantee conditions to reduce their losses after the obligor is required to provide reverse guarantee when taking out insurance.

④ The underwriting conditions of some types of guarantee insurance are very strict, and the contract limits the underwriting risk to objective credit risk, while credit insurance generally covers the risk of intentional breach of contract by obligors;

⑤ In practice, there is usually a special "confidentiality clause" in the credit insurance contract, and there is generally no similar clause in the guarantee insurance contract.

ii. guarantee insurance

guarantee insurance refers to the insurance form that the insurer shall be liable for compensation when it underwrites the economic losses caused by the insured's behavior. Guarantee insurance is divided into two categories: honest guarantee and real guarantee. Honesty guarantee insurance means that the insurer is liable for the economic losses caused by the dishonest behavior of employees, such as theft, embezzlement and misappropriation.

a surety guarantee means that the insurer shall be liable for the economic losses caused to the insured when the insured who should refuse insurance according to the law or contract fails to perform its obligations. This kind of insurance shall be insured by the insured.

3. Credit insurance

refers to the insurance method in which the insurer is liable for the economic losses suffered by the insured when the debtor refuses to perform the contract or fails to pay off the debts. There are mainly export credit insurance and mortgage credit insurance. In order to prevent the insured from slacking off business and abusing credit due to credit insurance, the insured is usually required to bear a certain share of losses as a * * * insurer, and certain requirements are made for the credit object to prevent the insurer from suffering unreasonable losses.

if the goods are damaged or lost due to the fault, the trustee-trader shall not be responsible. After the entrusted affairs are completed, the trustee-trader shall deliver all the income obtained from handling the entrusted affairs to the client. The principal's main obligation is to pay the trustee-trader all the expenses needed to handle the entrustment and pay the agreed remuneration. The trustor shall also promptly accept the proceeds obtained by the trustee-trader according to the trust contract.

Extended information:

Insurance (or insurance for short), which means reliable and reliable protection; Later extended into a security mechanism, a tool for planning life finance, a basic means of risk management under the condition of market economy, and an important pillar of financial system and social security system.

Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer is liable for the compensation for the property losses caused by the possible accidents agreed in the contract, or the insured is liable for paying the insurance premium when he dies, is disabled, falls ill or reaches the age and time limit agreed in the contract.

Reference: Guarantee Insurance Baidu Encyclopedia? Baidu Encyclopedia of Credit Insurance