Due to the economic impact of the COVID-19 pandemic, Swiss Export Risk Insurance SERV has taken measures to support the Swiss export industry.
In order to ensure faster processing times, internal approval processes for applications for export transactions have been temporarily simplified. This change is temporary and applies until the end of Q1 2021.
The European Commission has declared exports with a risk period of up to 24 months to EU member states, Australia, Canada, Iceland, Japan, New Zealand, Norway and the USA as temporarily non-marketable risks (for more information, see subsidiarity information). SERV accepts applications for export transactions with a risk period of up to 24 months to the above-mentioned countries even without prior refusals from private insurers. A premium in line with market rates will be charged. This change is temporary and applies until 31 December 2020.