Risks covered
SERV's "traditional service" includes the coverage of political risks resulting, for instance, in default of payment in times of war and unrest. The same consequences can arise from transfer risks, which are also covered by SERV, to allow for currency-related legislation enforced by governments. SERV also covers private credit risk, having been authorized since 1 January 2007 to provide insurance for private buyer risk.
The maximum cover ratio for political risks is 95 percent; the maximum cover ratio for economic risks is also 95 percent, limited until the end of 2011.
Version: 06.08.2009