Professional paper

THE SIGNIFICANCE AND PERSPECTIVES OF THE EXPORT CREDIT INSURANCE

Anna Majtanova ; University of Economics in Bratislava, Faculty of National Economy, Department of Insurance, Slovak Republic

Abstract

The high growth rate of the world trade is unavoidably connected with the problem of financing the great bulk of business transactions. Many of them are influenced by a wide range of risky factors, that may finally influence the success of the business. In consequence of higher riskiness of the foreign trade transactions, there is a greater necessity to provide their financing against relevant risks. The export credit insurance is one possibility of ensuring the return on credit sources. The level of utilisation of this sort of insurance depends on insolvency growth in the economy, because it underwrites an exporter against the insolvency risk. The paper analyses the problems and evaluates the situation of the export credit insurance in the Slovak Republic. It defines the development of the export credit insurance provided by various institutions and Eximbanka 's activities. The paper also compares the insurance systems of the developed market economies and that of the Slovak economy.

Keywords

export credit insurance; political risks; commercial risks; insurance contracts; premium; guarantees

Hrčak ID:

222664

URI

https://hrcak.srce.hr/222664

Publication date:

11.6.2001.

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