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 insured percentage is a maximum of 95 percent for political risks, and generally 85 to 95 percent for credit risks.
Version: 07.08.2008