# Cartan Trade > Digital trade credit insurance MGA protecting European businesses from non\-payment risk ## At a glance | Field | Value | | --- | --- | | Type | MGA | | Region | EMEA | | Headquarters | Paris, Ile-de-France, France | | Founded | 2021 | | Employees | 51-200 | ## Overview Cartan Trade is a trade credit insurance MGA headquartered in Paris, France, providing coverage against customer non-payment risk for SMEs, mid-market companies, and large enterprises across Europe. Founded in late 2021, the company distributes through accredited brokers, banking institutions, and ORIAS-registered providers. Intact Insurance Specialty Solutions serves as the primary underwriting capacity provider and holds an 80% ownership stake as of April 2026, following its acquisition of shares previously held by SCOR and Bpifrance. Cartan Trade operates as Intact's dedicated European trade credit platform. The company offers three coverage types -- short-term whole-turnover policies, targeted single-debtor coverage, and supplementary top-up policies -- across markets in France, the United Kingdom, Benelux, and Italy, with planned entry into Germany, Spain, and Switzerland. As of November 2024, Cartan Trade had over 300 clients with EUR 10 billion in total coverage commitments. The portfolio mix was 38% whole-turnover policies, 34% top-up coverage, and 28% single-risk policies. Gross written premium grew 26% in H1 2025 compared to H1 2024. Distribution operates through more than 70 broker partners. ## Products & services ### Short\-term Credit Insurance Whole-turnover coverage protecting businesses against unpaid invoices across their customer base, with integrated access to real-time debtor financial data. **Key features:** - Protection against customer non\-payment on invoices - Real\-time access to debtor financial information during the policy term - Coverage adapted to business size and sector *Target users:* SMEs and large companies with broad receivables exposure *Distribution:* Accredited brokers and banking institutions ### Targeted Credit Insurance Single-debtor or limited-debtor coverage allowing businesses to protect specific customer relationships without insuring their full trade book. **Key features:** - Coverage scoped to one or more named buyers - Suitable for businesses with concentrated credit exposure - Structured independently from whole\-turnover programs *Target users:* Companies with concentrated receivables or key strategic customers *Distribution:* Accredited brokers and ORIAS\-registered providers ### Supplementary Credit Insurance Top-up coverage for businesses whose primary insurer does not cover all their receivables, filling gaps in existing whole-turnover programs. **Key features:** - Covers receivables not met by the primary credit insurer - Complements multi\-layer credit insurance structures - Customized limits based on the unmet exposure *Target users:* Companies with existing credit insurance seeking additional capacity *Distribution:* Specialist credit insurance brokers ## Links - Website: - Directory profile: - Linkedin: - Press/news: --- *Last updated: 2026\-07\-10*