Swiss Re CorSo and Bondaval to launch data-driven credit risk solution

Bondaval, a provider of technology-enabled credit insurance solutions, and Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, have partnered to launch data-driven credit risk policies that enhance the way businesses approach and protect against credit risk.

Under the partnership, Bondaval will underwrite and issue credit insurance policies and non-payment guarantees via its proprietary technology platform as Swiss Re provides insurance capacity. Policies will be available from January 1st, 2026, through Bondaval’s network of broker partners.

Through this partnership, Swiss Re Corporate Solutions aims to scale its global credit insurance business, while Bondaval hopes to continue growing and expanding across the UK, EU, US, and Canadian markets.

Bondaval’s platform not only provides policy administration but also acts as an operating system for credit managers. The platform seamlessly incorporates data from clients’ systems and aims to deliver actionable insights into credit exposure and risk, explained the firm.

Thomas Powell, Chief Executive Officer, Bondaval, commented, “Businesses today face increasingly complex and unpredictable challenges. The tools and solutions designed to support them must be equally adaptive.

“Together, Bondaval and Swiss Re are building the future of the credit industry, one that is responsive to the opportunities and risks of tomorrow. Partnering with a firm of Swiss Re’s pedigree is both a privilege and a clear statement of our intent.”

Katie McGrath, Chief Underwriting Officer, Swiss Re Corporate Solutions, added, “For over 160 years, Swiss Re has led the way in risk transfer, also by collaborating with players who shape the future of our industry.

“With Bondaval, we have found a new innovative partner who shares our commitment to technical and underwriting excellence which helps us create long-term value for our clients globally.”