Authorizations and exposure

• Covers Swiss exporters of goods and services from non-payment from foreign buyers
• Cover: Commercial and political risks
• Tenor: Up to 2 years
• Sub-products:
• Pre-shipment risk insurance: Covers exporter’s costs if production stops due to an insured event
• L/C confirmation insurance: Covers a Swiss bank for foreign financial institution’s L/C
• Contract bond insurance: Losses to a financial institution caused by foreign buyer calling a contract bond (unfair calling) that was furnished to secure the exporter’s contractual obligations or caused by political risk (fair calling)
• Counter-guarantee: Maximum cover up to 100% of the Swiss exporter’s payment to the guaranteeing financial institution in event a contract bond is called and after the exporter settles with the financial institution; transaction must also have contract guarantee insurance
• Confiscation risk insurance: Covers losses due to confiscation or similar measures taken by foreign countries; it covers the exporter’s costs for owned or leased exported goods for purposes such as providing contractual services, storage, exhibitions, or testing
• Global insurance for the science industries: Insures a group of science industry exporters to buyers in various non-marketable countries with a single policy for a period up to 12 months
• Multi-buyer insurance

• Provides insurance to financial institutions against claims from foreign buyers
• Policies may be issued in CHF, EUR, and other convertible currencies
• Cover: Up to 95%
• Mixed credit (blended finance) modality: SERV can provide two tranches of financing for export credits based on international treaties
• One loan is subject to state preferential conditions (concessional financing)
• The other is subject to market conditions (typically secured via SERV insurance)
• SERV can provide buyer credit under corporate, sovereign, and project financing modalities
• A type of buyer credit offered by SERV to a refinancing financial institution to honor the payment obligations imposed by a refinancing loan agreement

• Available to financial institutions in support of direct or indirect Swiss exports
• Funds may only be used if export transaction is insured with SERV
• Cover: Up to 95%

• L/C confirmation insurance covers up to 95%; commitment usually within 24 hours
• Refinancing guarantee provided to financial institutions to allow lender to refinance on more favorable terms; cover up to 100%

• No minimum transaction size

• Eligibility:
• At least 20% Swiss content
• Special transactions may be considered with Swiss content lower than 20% (e.g., if exporter’s value driving activities located in Switzerland)

• Premiums are usually paid in CHF; policies can be in other currencies

• SERV can issue an insurance commitment in principle (ICP) before exporter concludes an export contract (during the bidding phase)
• The ICP confirms that SERV will insure a transaction as required if the circumstances and legal position does not change substantially
• The commitment is valid for 6 months and can be extended
• SERV will convert the ICP to an insurance policy at exporter’s request

• Reinsurance agreements and coinsurance agreements with many ECAs

• Anti-corruption requirements

• For transactions larger than CHF 10 million to poorer developing countries, applicant required to answer questions about employment, working conditions, and social issues in the project country

• Insurance committee meetings are held once monthly

• 2023: The Federal Council approved the strategic objectives of Swiss Export Risk Insurance for the period 2024 - 2027. It maintains the organisation's current direction