1. The differences between credit insurance and guarantee insurance are as follows:

(1) The parties involved in an insurance contract are different;

The parties to a credit insurance contract are the insurer and the obligee, and the obligee is both the applicant and the insured; The parties to the guarantee insurance contract are the insurer, the guarantor and the obligee, the guarantor is the applicant and the obligee is the insured.

(2) The nature of insurance is different;

Guarantee insurance is a guarantee behavior, and the insurer only lends the credit of the insurance company, but does not bear substantial risks; In credit insurance, the insurer bears substantial risks, and the insurance contract stipulates that after the insurance accident occurs, the insurer only obtains the right to recover from the insured after fulfilling the liability for compensation.

(3) Insurers bear different risks;

In guarantee insurance, the insurer bears less risk because the insurer takes counter-guarantee; In credit insurance, the insurer bears the credit risk from the counterparty beyond the control of the insurer and the insured, and the insurer bears the real risk.

(4) The nature of insurance premium is different.

Guarantee insurance is a guarantee business, and the fee paid by the assured is a guarantee fee and a reward for issuing credit to the insurance company; Credit insurance belongs to insurance, so the insurance premium paid by the insured is the price of transferring the credit risk of the insured to the insurer, and the insurance premium collected by the insurer is mainly used to establish a compensation fund.

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.

iii. credit insurance

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:

1. The subject matter of credit guarantee insurance is the economic credit agreed by the obligee and obligor of both parties to the contract. Credit guarantee insurance is a kind of guarantee insurance. According to different policyholders, credit guarantee insurance can be divided into two types: credit insurance and guarantee insurance.

2. The applicant and the insured of credit insurance are both obligees, and bear the losses suffered by one party of the contract due to the non-performance of the other party. For example, in export credit insurance, the insurer is liable for the losses suffered by the exporter (the insured and the insured) because the importer fails to pay the payment according to the contract. The applicant of guarantee insurance is the obligor, and the insured is the obligee. When the insured fails to perform the contractual obligations or commits illegal acts, the obligee suffers economic losses, the insurer shall be liable for compensation.

3. For example, in the performance bond insurance, the insurer guarantees that when the project contractor in the contracted project business fails to complete the project as scheduled or the project quality does not meet the requirements, the obligee will be liable for compensation. To sum up, whether it is credit insurance or guarantee insurance, the insurer guarantees the credit of the obligor, and the obligee finally gets compensation.

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