Insurance premium

SERV charges insurance premiums for its services. The SERV premium calculator can be used to work out quickly and easily how much the premiums might be. You can then request a more binding quotation and an insurance commitment in principle.

New 2023 Regulations on Premium Calculation

SERV introduced new Regulations on Premium Calculation on 10 July 2023. Find out more in the flyer here or in the FAQs.

Premium simulator

Use the premium simulator to calculate how much the premiums for your new transactions might be under the updated regulations.
Go to the 2023 premium simulator

How the insurance premium is determined

The insurance premium for new transactions depends mainly on the following factors::

  • Basis for calculation: the insured loan or sum guaranteed, depending on the product, multiplied by the cover ratio
  • Term and coverage profile of the transaction
  • Creditworthiness of the debtor, the guarantor or the exporter (rating) and its country
  • Quality of the collateral provided or the characteristics of the export goods
  • Cover ratio

Supplementary premiums and premium refunds in the event of adjustments to transactions are determined using a different calculation method based on the changing risk profile and the risk premium paid.

Risk premium and expense premium – how they differ

The total premium covers the risk costs (risk premium) and SERV’s expenses (administrative premium). SERV does not charge you any additional fees for standard transactions. However, SERV may levy additional expense premiums if additional checks are required, such as in the case of complex transactions, project financing or transactions involving increased environmental risk. risk. 

 SERV will always inform applicants in advance if additional premiums are chargeable. The cost of any services provided by third parties (legal opinions, environmental surveys, etc.) is also charged.

How the premiums are calculated

The premiums and how they are calculated are described in the premium tariff and in the Regulations on Premium Calculation. The risk of a loss occurring due to the letter rating is taken into account in the calculation methods.

The premium tariff contains the following information:

  • Principles of insurance
  • Country risk and debtor categories
  • Surcharges and reductions
  • Expense premiums
  • Changes to existing insurance and guarantees
  • Reinsurance premiums

The Regulations on Premium Calculation contain details of how the premiums for each type of insurance or guarantee are charged, as well as the expense premium and reinsurance premiums. The actual computational formulas are set out in the Regulations on Premium Calculation – Annex 1 and based on the premium formula for transactions whose premium calculation is specified by the OECD. You will find the calculation formula for all other products in the Regulations on Premium Calculation – Annex 2. Finally, the Regulations on Premium Calculation – Annex 3 regulate how the Starting Point of Credit (SPOC) is calculated for products for which it is relevant.

SERV regularly checks and revises the premium tariff and the Regulations on Premium Calculation. It does so in accordance with the international guidelines of the OECD for minimum premiums, as set out in the Arrangement on Officially Supported Export Credits. To remain economically viable, SERV must also ensure that premiums are commensurate with the risk in each case. 

Questions? Contact:

Aurelio Caliaro


Senior Vice President, Risk Analysis
+41 58 551 5538