Reinsurance

Your private credit insurance company is your contact The private credit insurance companies administer the reinsurance agreements. This means that your company’s private credit insurance company provides advice and guidance, as well as evaluating applications and other circumstances. More information is available from: Atradius – tel. (+45) 33 26 50 00, http://www.atradius.dk/statslig_genforsikring Euler Hermes – tel. (+45) 88 33 33 88, http://www.eulerhermes.dk/ Coface – tel. (+45) 96 60 11 00, http://www.coface.dk/

Helping you weather the crisis
The reinsurance agreement can facilitate exports that are affected by the private credit insurance companies’ withdrawal from a number of countries and markets in the wake of the economic crisis.

By reinsuring the risks with EKF, the agreement will help companies to continue to obtain credit insurance for their exports to high-risk markets. With the backing of an EKF guarantee the companies' risk will be reduced and will therefore become insurable.

The reinsurance agreement is not intended to cover export transactions that are not sound. The intention is to support sound export activities that would otherwise fail.

Who, what and how
To be able to apply for reinsurance your company must be a customer of a private credit insurance company.

Reinsurance solely applies to export transactions with credit terms of up to 180 days. Reinsurance is possible for more than 150 countries including all EU countries. Read which countries are covered here >

In order to minimise the risk of losses the agreement includes a number of criteria.

Higher risk equals higher premium and own risk
Credit insurance is normally based on spreading the risk widely, but under the reinsurance agreement the risk is concentrated on relatively few exposures subject to extraordinarily high risk. Therefore both the premium and the own risk are higher than for your company’s normal credit insurance facility.
 
Not at any price
The global economy has changed, so that previously sound buyers are no longer creditworthy. EKF and the private credit insurance companies are ready to accept extraordinary risks, but not bad risks, so it is important that your company is realistic.
The reinsurance agreement is an opportunity made available by EKF. How effective the agreement is depends on how well it is utilised by companies and credit insurance companies.

Legal basis > 

Q & A >

Contact our customer advisors
For more information on Reinsurance, please contact our customer advisors.