Credit insurance is used for several different exposures. One exposure is Trade Credit exposure. This is where the client is doing business in a country and is concerned that the assets of the company be nationalized or attached by that foreign government.
The second way this is used is where a company provides goods to a seller, such as a large retailer, and is concerned that it will be paid in accordance with its terms of trade. It is also used where the company wants to speed up the payments of the retailers to the seller.