1. Credit insurance is contracted by policy, and the insurance format is not much different from other property insurance. Guarantee insurance is to contract the guarantee by issuing a guarantee, which is essentially different from property insurance policy and only stipulates the guarantee matters.

2. The insured of credit insurance is the obligee, and the credit insurance of the insured is contracted. Except the insurer, the insurance contract only involves the obligee and obligor. Guarantee insurance means that the debtor insures his own credit risk at the request of the creditor, and the debtor is guaranteed by an insurance company, which is actually a guarantor. In order to reduce risks, insurance companies often require debtors to provide counter-guarantees, so that besides insurance companies, guarantee insurance also involves debtors and the obligees of counter-guarantors.