While SERV does not charge minimum premiums, it does charge risk-based premiums and expense premiums. You can use the premium calculator to calculate estimated premiums for actual or hypothetical export transactions.
An insurance premium is charged in exchange for taking on the insured risk. It consists of a premium for the Glossarypolitical risk (country risk) and a premium for the Glossarycommercial risk (del credere risk).
The insurance premium amount depends on the following risk factors:
- Basis for calculation (depends on product: loan amount, prime costs, etc.)
- Risk period
- Cover ratio
- GlossaryCountry risk category
- Type (public or private) and creditworthiness of the foreign debtor or guarantor
- Collateral (reduces premiums)
Expense premiums are not charged for standard transactions.
SERV will charge expense premiums of CHF 200 per hour for additional review work. This is often the case with complex transactions, project financing or transactions involving increased environmental risk. Applicants are told of possible expense premiums in advance. Expense premiums are charged for insurance policies and for insurance commitments in principle. They are non-refundable. Costs for third-party services (legal opinions, environmental impact assessments etc.) are charged separately.
Insurance premiums for counter guarantees and Glossaryworking capital insurance are based on the exporter's performance rating.
Insurance premiums for export credit insurance for larger transactions to countries in GlossaryCountry Risk Category 0, high-income OECD member countries and euro zone countries are based on current market prices.