SERV is your reliable partner when dealing with risks
Export-oriented companies are exposed to various risks, as new markets abroad promise growth opportunities but often harbour challenges. Together with exporters and financing partners, SERV ensures that nothing stands in the way of realising new projects.
Risks are our job
We assess complex economic issues every day, weigh up opportunities and risks and make informed decisions with a view to long-term success. Whether they relate to export contracts, large projects abroad or entering new markets, the risks are never the same – they are often complex and dynamic, and always individual.
This is why you need a partner, that not only covers risks but provides strategic support and identifies early on where the challenges lie. Understanding risks is vital to developing opportunities in a targeted way.
How do we do that? You can learn more about the opportunities and risks when entering new markets here.
What does risk mean?
Export-oriented companies and financial institutions operate in an increasingly complex global environment. Economic fluctuations, political instability and legal uncertainties are part of everyday life – and they come with substantial risks.
For sustainable, international growth, you therefore need a partner that not only understands these challenges but actively supports you in addressing them. An insurance provider that thinks ahead, provides forward-looking cover and develops sustainable solutions together with its customers.
Learn what the challenges in risk assessment are in an interview with Thomas Schudel, the Head of Risk Analysis & Sustainability.
What risks does SERV cover?
Export-oriented Swiss companies face various risks. New markets present both a challenge and an opportunity. SERV specialises in risk management and uses its many years of experience to open up even challenging markets.
Every company faces individual risks. SERV covers the following risks:
| Risks | Description | Insurable with the following SERV products |
|---|---|---|
| Political risk | Unforeseeable extraordinary events such as:
| |
| Transfer risk |
| |
| Force majeure | The following risks that lead to non-payment, damage or the loss of goods:
| |
| Buyer’s commercial risk | Unwillingness to pay or insolvency on the part of the foreign buyer or debtor. | |
| Exporter’s commercial risk | Unwillingness to pay or insolvency on the part of the Swiss exporter. | |
| Unfair Calling | The risk that the buyer unlawfully calls a contract bond. | |
| Fair Calling | The risk that the buyer lawfully calls a contract bond if the exporter is unable to fulfil its obligations due to: | |
| Buyer’s commercial risk | Inability of the lending bank to meet its obligations to the refinancing institution. |
The following risks are not insured by SERV
- Exchange rate risk: this is a risk that the policyholder can cover with another provider if necessary (e.g. hedging).
- Document risk: the policyholder bears the risk of any contractual defects in the underlying transaction or credit transaction.
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