VSK

Russia · Insurance

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian hi-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. EXIAR operates as a part of Russian Export Center Group, which is the sole shareholder of EXIAR. The agency's charter capital is RUB 43,5 bln. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of EXIAR. Strategic areas of activity: - Insurance support for the export of Russian goods and services - The development of a modern export financing system, secured by the Agency's insurance coverage - Insurance support of Russian investments abroad - Support for export-oriented SMEs The Agency provides the following types of insurance coverage: - The insurance of export credit to cover against commercial and political risks - The insurance of Russian investments abroad to cover against political risks (since 2013) The Agency operates under a special regulatory framework, governing the procedure for providing insurance support for export credit and investments. EXIAR's insurance capacity is RUB 300 billion. For each insurance transaction, the Agency can cover up to 95% of losses in the event of a political risk occurring, and up to 90% in the event of a commercial risk.