exportbiztosítások

Exportbiztosítások, or export credit insurance, is a financial product designed to protect businesses engaged in international trade. It provides coverage against various risks associated with exporting goods or services, primarily focusing on the non-payment of invoices by foreign buyers.

The main purpose of export credit insurance is to mitigate the financial risks that exporters face when dealing with overseas customers. These risks can include insolvency of the buyer, protracted default on payment, political events in the buyer's country that prevent payment, or currency restrictions. By transferring these risks to an insurance provider, businesses can trade with greater confidence and expand their market reach into potentially riskier territories.

There are different types of export credit insurance policies available. Comprehensive policies cover a wide range of risks for all or a significant portion of an exporter's overseas sales. Specific policies might cover a single large transaction or a particular buyer. Coverage can also be tailored to address specific concerns, such as pre-shipment risks (e.g., buyer cancellation before goods are dispatched) or post-shipment risks (e.g., non-payment after delivery).

Obtaining export credit insurance can also facilitate access to finance. Banks are often more willing to provide pre-export or post-shipment financing to businesses that have their export receivables insured, as it reduces the lender's risk. This allows exporters to manage their cash flow more effectively and undertake larger orders. The cost of export credit insurance varies depending on factors such as the countries involved, the creditworthiness of the buyers, the value of the exports, and the level of coverage required.