Another Outstanding Quarter for Q1 of 2011 for FGI Risk Services
NEW YORK, April 21, 2011 – FGI Risk Services (www.fgirisk.com) announced a 263% growth, as compared to Q1 of 2010, in its trade credit insurance brokerage business for the first quarter of 2011, adding over 53 customers globally.
Fred Voccola, President of FGI Risk Services states, “FGI Risk is thrilled about the continued increase in the adoption rate of our T.R.U.S.T. platform.” FGI Risk attributes this significant growth to both the increase in demand and success of its T.R.U.S.T. platform as well as Trade Credit Insurance products.
Fred Voccola continues, “We recognize the need for the T.R.U.S.T. Program for financial institutions and customers who leverage credit insurance.”
Dan Griswold, VP of Finance for Quabbin Wire & Cable Co., Inc agrees, “FGI’s T.R.U.S.T. platform has been a truly invaluable tool for all facets of our company- improving how our credit insurance work for us by automating processes, monitoring compliance and increasing coverage. Through this automation, T.R.U.S.T. enables us to efficiently manage our credit procedures, as well as helps to substantially grow our sales in multiple markets.”
Griswold goes on to say, “Utilizing FGI Risk’s T.R.U.S.T. Program, we have been able to quickly increase many of our buyers’ credit limits by up to 50%, providing selling approval faster than ever. The T.R.U.S.T. Program quickly gathers the financial information for buyers and enables us to receive the desired credit limits efficiently and expeditiously. In addition, automatically monitoring compliance gives us the peace of mind knowing, if we file a claim, the claim will be paid.”
FGI T.R.U.S.T. is currently optimizing credit insurance programs for hundreds of organizations worldwide, enabling them to maximize the value and protection of their credit insurance policies.
About FGI Risk Services
FGI Risk Services is a member of the FGI family of companies and specializes in providing businesses with critical risk mitigation solutions. FGI Risk Services is the leader in optimizing organizations’ credit insurance programs.
The T.R.U.S.T. Program optimizes credit insurance programs for organizations leveraging credit insurance worldwide. To learn more about FGI Risk Services and their T.R.U.S.T. Program, please visit www.fgirisk.com.
About Quabbin Wire & Cable Co., Inc
Quabbin Wire & Cable Co., Inc. manufactures a variety of low temperature thermoplastic shielded and unshielded cables. Products meet or exceed current industry standards for commercial & industrial Ethernet, automated process control, instrumentation, low capacitance (serial) data, telecommunications (T-1, E-1), disposable medical device cables and other data related electronic applications. www.quabbin.com