1. The main differences between credit insurance and guarantee insurance are as follows: (1) The parties involved in the insurance contract are different; the parties to the credit insurance contract are the insurer and the obligee, and the obligee is both the policy holder and the insured; and guarantee insurance

The parties to the contract are the insurer, the guaranteed person, and the obligee. The guaranteed party is the policy holder, and the obligee is the insured.

⑵. The nature of insurance is different; guarantee insurance is a guarantee act, and the insurer only lends the credit of the insurance company and does not bear substantive risks; in credit insurance, the insurer bears substantive risks, and the insurance contract stipulates that

After an accident occurs, the insurer only obtains the right to recover compensation from the insured after fulfilling its liability for compensation to the insured.

⑶. The risks borne by the insurer are different; in guarantee insurance, the risk borne by the insurer is smaller because the insurer takes counter-guarantee; while in credit insurance, the insurer bears risks that are beyond the control of the insurer and the insured.

The credit risk of the counterparty is a real risk that the insurer bears.

⑷. The nature of insurance premiums is different.

Guarantee insurance is a guarantee business, and the fee paid by the guaranteed party is a guarantee fee, which is a reward for the insurance company's credit; and credit insurance is insurance, so the insurance premium paid by the policy holder is the credit risk of the guaranteed party.

The price transferred to the insurance company and the insurance premium collected by the insurance company are mainly used to establish the compensation fund.

2. Guarantee insurance Guarantee insurance refers to the form of insurance in which the insurer underwrites the liability for compensation when the insured suffers economic losses due to the actions of the insured.

Guarantee insurance is divided into two categories: honest guarantee and sure guarantee.

Honesty guarantee insurance is the insurance company's liability to compensate the employer for economic losses caused by employees' dishonest behavior, such as theft, embezzlement, misappropriation, etc.

A sure guarantee means that the insurer shall be liable for the economic losses caused to the insured when the insured refuses to provide insurance in accordance with the law or contract and fails to perform its obligations. This type of insurance is insured by the insured.

3. Credit insurance Credit insurance refers to the insurance method in which the insurer assumes liability for the economic losses suffered by the insured when the debtor refuses to perform the contract or is unable to pay off the debt.

There are mainly forms such as export credit insurance and mortgage credit insurance.

In order to prevent the insured from slacking off in business operations and misusing credit due to credit insurance, the insured is usually required to bear a certain share of losses as the first guarantor, and there are certain requirements for credit objects to prevent the insurer from suffering unreasonable losses.

Loss.

If the goods are damaged or lost due to fault, the broker will not be held responsible.

After completing the entrusted affairs, the broker shall deliver all the proceeds obtained from handling the entrusted affairs to the client.

The principal's main obligation is to pay the broker all the fees required for handling the entrustment and pay the agreed remuneration.

The client should also promptly accept the income obtained by the broker based on the trust contract.

Extended information: 1. The subject of credit guarantee insurance is the economic credit agreed by both parties to the contract and the obligor.

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. Both the policy holder and the insured of credit insurance are rights holders, and what they bear is the loss suffered by one party to the contract due to the failure of the other party to perform the contract.

For example, in export credit insurance, the insurer is liable for the losses suffered by the exporter (the policy holder, the insured) due to the importer's failure to pay for goods as stipulated in the contract.

The policy holder of guarantee insurance is the obligor, and the insured is the right holder. When the policy holder fails to perform his contractual obligations or commits illegal acts that cause the right holder to suffer economic losses, the insurer shall bear the liability for compensation.

3. For example, in performance bond insurance, the insurer guarantees that if the project contractor in the project contracting business cannot complete the project on time or the quality of the project does not meet the regulations, causing the obligee to suffer economic losses, it will bear the liability for compensation.

To sum up, whether it is credit insurance or guarantee insurance, what the insurer protects is the credit of the obligor, and the right holder is the one who ultimately receives compensation.