https://forum.berneunion.org/topic6953-underwriting-guidelines-and-sop-in-response-to-country-risks.aspx Berneunion forum - Country Cover Policy - Underwriting Guidelines and SOP in Response to Country Risks - Messages en-us http://blogs.law.harvard.edu/tech/rss Jitbit AspNetForum Tue, 20 Aug 2024 06:52:33 GMT Tue, 20 Aug 2024 06:52:33 GMT https://forum.berneunion.org/topic6953-underwriting-guidelines-and-sop-in-response-to-country-risks.aspx
Global developments are monitored closely by our team of country risk experts. In case of rising risks (e.g. the Russian invasion in Ukraine) we propose adjustments to our cover policy to our interministerial committee which decides on a case by case basis. Our underwriters then implement the decision of the interministerial committee (e.g. by suspending credit limits). We do not have a standard list of factors taken into consideration or a fixed time frame. Decisions are taken individually depending on the circumstances in the respective country.

Kind regards

Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division]]> Tue, 20 Aug 2024 06:52:33 GMT https://forum.berneunion.org/topic6953-underwriting-guidelines-and-sop-in-response-to-country-risks.aspx

In light of the increasing country risks in recent years—such as wars, civil unrest, geopolitical issues, terrorist attacks, and foreign currency shortages—which have inevitably impacted global trade and business, we are seeking your feedback on how you manage these risks in your Short Term Export Credit, Medium and Long Term, and Investment Insurance businesses.

Specifically, we would appreciate your kind response on the following points:

1. Have there been any changes to your underwriting guidelines in response to these events? If possible, please provide examples.
2. Do you have Standard Operating Procedures (SOPs) for handling such situations? If so, please provide a brief description.
3. What are the key factors that you will consider to stop underwriting or suspending or canceling the credit limit?
4. In the event of a conflict between two countries there are invasions or attack each other. What does your organization do? How long do you wait before taking any action?
5. Who is responsible for making decisions on these actions, such as continuing coverage or suspending the credit limit (e.g., underwriter or higher-level management)?

We believe that your insights will be precious to us. Thank you for sharing this information.

Best regards,
THAI EXIM
edited by THAIEXIMBANK Admin on 7/12/2024]]> Fri, 12 Jul 2024 01:34:50 GMT