Requirements for acceptance of the insurance
- The exporter has a registered office in Switzerland and is listed in the commercial register.
- There are no restrictions in relation to the sector, the export goods or the services. For certain export goods it is necessary to comply with the provisions of the OECD Export Credit Arrangement.
- The export transaction involves goods and services that are of Swiss origin or contain an adequate share of Swiss content. The foreign content of supplied goods or services should not exceed 50 percent of the order value. It can exceed 50 percent under certain conditions and at the exporter's request (1) (see Information on origin of goods and Swiss content).
- The buyer is domiciled outside Switzerland.
- The export transaction is compatible with SERV business policy.
- In principle SERV insures exports to all countries. For reasons of subsidiarity, SERV only insures exports with short-term credit periods of less than 24 months going to the EU and core OECD countries if they cannot be insured on the private market. (2)
- There are no minimum requirements for SERV insurance with regard to the company size or the order volume.
(1) Due to the economic impact of the COVID-19 pandemic, export transactions with a Swiss content of at least 20 per cent of the total order value will now be insurable without additional proof until 31 December 2022. Export transactions with a Swiss content of less than 20 per cent of the order value can be insured if it has been substantiated that the insurance is in line with the objectives and principles of SERV’s business policy.
(2) Due to the economic impact of the COVID-19 pandemic, the following will apply temporarily until 31 December 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.