Bilateral agencies such as Export Credit Agencies (ECAs) including Export Import (Ex-Im) banks are the main issuers of export credit insurance and investment insurance. China’s SINOSURE, Japan’s NEXI and Korea’s KUSRE are especially active in Southeast Asian countries.
La Compagnie Franaise d’Assurance pour le Commerce Extrieur (Coface) is divided into two entities: Coface Group (a private entity) and Coface State Guarantee (a French export credit agency and public entity). The latter supports domestic companies exports by providing public exports guarantees on behalf of the French government. These insurance products might include credit insurance (provided to banks and domestic exporters, protecting them against risks such as counterparty default), investment insurance and export risk insurance.
Export Credit Guarantee Corporation of India Ltd (ECGC)
ECGC seeks to support Indian companies in expanding their exports worldwide by (amongst other things) providing credit risk insurance and export credit insurance to exporters and banks. It may also provide overseas investment insurance to domestic companies that are looking to invest in affiliated companies abroad.
Export Finance and Insurance Corporation (EFIC)
An Australian export credit agency, EFIC aims to support Australian exportation and investment abroad by providing finance and insurance products to Australian companies, such as loans, guarantees and bonds. The agency’s main objective is to help small and medium-sized enterprises, larger domestic company exporters, exporters focused on global chain and Australian businesses expanding their activities in emerging and frontier markets.
Euler Hermes is a credit insurance company which provides export credit guarantees (‘Hermes Cover’) on behalf of the Federal Republic of Germany. In a consortium with PriceWaterhouseCoopers (PwC), it manages export credit guarantees to support German export companies in expanding into developing and emerging countries. The company offers a wide range of insurance solutions, including credit insurances, bonds and guarantees.
Export Development Canada (EDC)
EDC’s objective is to foster Canadian economic growth and support domestic companies exports and investments by providing a broad range of financial products, including insurance, guarantees, bonding products and financial services. Insurance products protect Canadian exporters against overseas transaction risks such as domestic exporter losses arising from unpredictable political risks. More information can be found here.
Japan Bank for International Cooperation (JBIC)
JBIC is a financial institution wholly owned by the government of Japan. Its main objectives are to promote international trade, and to secure and support domestic companies in their international expansion by conducting lending, investment and guarantee operations to complement private sector financial institutions services. More information can be found here.
Korea Trade Insurance Corporation (KSURE)
KSURE aims to promote international trade and support Korean exports and investments by providing a broad range of insurance products including overseas investment insurance, interest rate risk insurance and insurance cover against political and commercial risks.
Nippon Export and Investment Insurance (NEXI)
NEXIs main objective is to promote international trade and to support Japanese companies exports by providing various types of trade and investment insurance products to protect their overseas transactions against political and commercial risks that are not covered by private insurers.
NEXI provides trade insurances products such as export credit insurance and trade insurance. It also provides investment and loans insurance, including buyers credit insurance or overseas investment insurance.
Overseas Private Investment Corporation (OPIC)
OPIC is a US government development finance institution that promotes American private sector investments in projects related to, for example, infrastructure, power, food, health or access to finance in developing or post conflict countries. OPIC supports provides financial products including loans, loan guarantees, and political risk insurance. It can also provide assistance for the creation of private investment funds in emerging countries. More information can be found here.
China Export & Credit Insurance Corporation (SINOSURE)
SINOSURE, the worlds largest ECA in term of exposure, promotes Chinese foreign trade, economic co-operation and economic growth by providing insurance covering political and commercial risks. Its main products include overseas investment insurance, overseas untied loan insurance, medium to long-term export credit insurance, buyers credit insurance, investment insurance and lease insurance.
UK Export Finance (UKEF)
UKEF, operating name of the Export Credits Guarantee Department (ECGD), is the UKs official export credit agency and a founder member of the Berne Union. Its statutory purpose is to support UK companies that export and invest overseas, by providing various types of products, such as loans, guarantees, insurance and reinsurance. More information can be found here.