SERV Schweizerische Exportrisikoversicherung

Zeltweg 63 , 8032 Zürich
Switzerland

Telephone +41 58 5515575
Fax +41 58 5515500
sonja.kohler@serv-ch.com

Trade fair hall

  • Hall 12 / A51-14
 Interactive Plan

Hall map

K 2016 hall map (Hall 12): stand A51-14

Fairground map

K 2016 fairground map: Hall 12

Our range of products

Product categories

  • 04  Services for the plastics and rubber industrie
  • 04.03  Trade associations

Trade associations

  • 04  Services for the plastics and rubber industrie
  • 04.06  Science and consulting

Our products

Product category: Science and consulting

PRODUCTS FOR SERVICE PROVIDERS

SERV helps you to:
- Ensure that you get paid for your export by insuring the political or del credere risks
- Offer foreign customers attractive terms and conditions of payment
- Find suitable foreign banks for your business

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Product category: Science and consulting

WHAT SHOULD I DO ABOUT AN IMMINENT LOSS?

The policyholder must notify SERV immediately of any circumstances leading to an increase in risk, breaches or neglect of duties by the debtor, imminent or actual arrears and payment defaults. This is done to minimise the loss wherever possible. Action may have to be taken to avert or mitigate a loss: from extending the due date for a credit receivable right up to suspending delivery.

The loss arises once the waiting period has expired after the occurrence of an insured risk. The indemnification request form can be obtained from SERV and must be submitted no later than two years after the occurrence of the insured event (art. 17 (2) SERV-V).

Indemnification amount
If production risks are insured, SERV will reimburse the exporter for lost production costs on the undelivered part based on the cover ratio. In all other cases, the indemnification is calculated using the insured claims. The insurance covers contractual or statutory default interest during the waiting period. For more details, please see the Claims information sheet (PDF).

What happens after SERV pays the indemnification?
Once SERV pays the indemnification, the policyholder’s claim transfers to SERV up to the indemnification amount. However, the policyholder must still continue all recourse, realisation and loss mitigation efforts in coordination with SERV. SERV may share the costs of this legal action.

SERV may make restructuring agreements with debtors that are binding on the policyholder.

If the debtors are heavily over-indebted countries, debt rescheduling agreements are usually negotiated within the Paris Club. TheParis Club sets out binding framework conditions in bilateral agreements between the Swiss Confederation and the debtor country.

Additional documents

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Product category: Science and consulting

PRODUCTS FOR EXPORTERS

SERV helps you to:
- Ensure that you get paid for your export by insuring the political or del credere risk
- Offer foreign customers attractive terms and conditions of payment
- Find suitable foreign banks for your business

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About us

Company details

SERV as an organisation
SERV is an institution under public law that is owned by the Swiss Confederation. It has close to 50 employees. The Federal Council supervises SERV, elects the Board of Directors and defines the strategic goals (PDF) for four-year periods. SERV is an economically viable organisation: it is self-financed, largely through premium revenues. It charges sufficient premiums to cover risks and supplements, but does not replace private-sector insurance products (subsidiarity).

Swiss Export Risk Insurance SERV insures political and del credere risks involved in exporting goods and services. SERV insurance and guarantees protect Swiss exporters from default and facilitate export financing. SERV’s solutions also help companies obtain low-interest loans or higher credit limits in order to conserve cash when exporting goods and services.

SERV insures exports that private insurers do not cover enough or at all. SERV’s products are available to every company domiciled in Switzerland. While there are no minimum order volumes, a certain percentage of the insured export's value must have been added in Switzerland.

Most industrialised nations offer their companies similar protection through state export credit agencies (ECAs). SERV helps Swiss exporters compete internationally and create aswell as maintain jobs in Switzerland.

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