SERV GLOSSARY


OECD rating / OECD country risk category (CRC)

SERV defines the OECD rating as the OECD’s classification of countries into the categories CRC 0 – CRC 7 and "High Income“. CRC 0 is the lowest risk level, CRC 7 the highest. The “High Income“ category comprises high-income OECD countries and high-income euro zone countries, which are not classified by risk. The CRC influences the amount of the insurance premium. Premiums for high income countries and CRC 0 countries are based on market prices.