PROTECTING EXPORTERS The role of Berne Union members in international trade Ankara | 26 March 2015...
-
Upload
nathan-sherman -
Category
Documents
-
view
217 -
download
0
Transcript of PROTECTING EXPORTERS The role of Berne Union members in international trade Ankara | 26 March 2015...
PROTECTING EXPORTERSThe role of Berne Union members in international trade
Ankara | 26 March 2015 COMCEC Trade Working Group
Credit and investment insurance
Berne Union members provide risk mitigation products to exporters and
investors, facilitating international trade and foreign direct investment throughout
the world.
COMCEC Trade Working GroupAnkara | 26 March 2015
Berne Union
Credit & Investment Insurers – private and public
1934Founded in Berne, Switzerland.
Today 76 members (including the Berne Union Prague Club) over 60 countries USD 1.9 trillion export and investment insured 10% of world exports insured
COMCEC Trade Working GroupAnkara | 26 March 2015
Berne Union members
Ankara | 26 March 2015 COMCEC Trade Working Group
Prague Club members
COMCEC Trade Working GroupAnkara | 26 March 2015
Areas of business
Short Term Export Credit Insurance (ST)
– credit terms of 1 year or less
Medium / Long Term Export Credit Insurance (MLT)
– credit terms over 1 year up to 15 years
Investment Insurance (INV)
– coverage of political risks, up to 20 years
COMCEC Trade Working GroupAnkara | 26 March 2015
Insured exports and Investments
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (est)
500
1,000
1,500
2,000
980
1,142
1,322
1,509
1,363
1,498
1,7621,820
1,902 1,927
Total
INV
MLT
USD Billion
Ankara | 26 March 2015 COMCEC Trade Working Group
Claims paid globally
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (est)
1
2
3
4
5
6
2.92.8
2.3 2.3
5.4
3.7
4.0
4.6 4.54.6
INV
MLT
ST
USD Billion
Ankara | 26 March 2015 COMCEC Trade Working Group
Insured exports and Investments – World exports
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (est)
500
1,000
1,500
2,000
5,000
10,000
15,000
20,000Insured Export & Investment
World ex-ports (right axis)
USD Billion
Ankara | 26 March 2015 COMCEC Trade Working Group
Source World Exports: WTO
ECAs and Private insurers
Ankara | 26 March 2015
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (est)
500
1,000
1,500
2,000
980
1,142
1,322
1,509
1,363
1,498
1,7621,820
1,902 1,927
ECAs
private in-surers
USD Billion
COMCEC Trade Working Group
Short Term business and world events
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Est
500
1,000
1,500
Ankara | 26 March 2015 COMCEC Trade Working Group
1997 / 1998:
Asian Crisis / Russian Crisis
2008 / 2009:
Global Financial
Crisis
[USD, Billions]
1989:
Fall of the Berlin
Wall
1994:
Tequila Crisis
2001:
9/11 Attacks
2011:
Arab Spring
2013:
Ukraine war / Russia sanctions
Short Term Credit limits by destination region
. 2005 Q4
2006 Q4
2007 Q4
2008 Q4
2009 Q4
2010 Q4
2011 Q4
2012 Q4
2013Q4
2014Q4
200
400
600
EUROPE ASIA AMERICAS AFRICA OCEANIA
US
D B
illio
n
COMCEC Trade Working GroupAnkara | 26 March 2015
Short Term Credit limits by destination country
2005 Q4
2006 Q4
2007 Q4
2008 Q4
2009 Q4
2010 Q4
2011 Q4
2012 Q4
2013 Q4
2014 Q4
5
10
15
20
TURKEY UNITED ARAB EMIRATES SAUDI ARABIA INDONESIA EGYPT IRAN
US
D B
illio
n
Ankara | 26 March 2015 COMCEC Trade Working Group
Short Term Claims paid by region
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
500
1,000
1,500
EUROPE ASIA AMERICAS AFRICA OCEANIA
US
D M
illio
n
Ankara | 26 March 2015 COMCEC Trade Working Group
Short Term Claims paid by country
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
50
100
150
200
TURKEY UNITED ARAB EMIRATES SAUDI ARABIA INDONESIA EGYPT IRAN
US
D M
illio
n
Ankara | 26 March 2015 COMCEC Trade Working Group
Berne Union Objectives and Activities
1. Enable professional exchange and information sharing• Meetings,
• Dedicated intranet,
• Webinars,
• Working groups
• Specialist meetings
2. Create networking opportunities
3. Promote the industry
Ankara | 26 March 2015 COMCEC Trade Working Group
Prague Club Objectives and Activities
•Support emerging public and private credit insurers
•Develop training and education programs
•Underwriting and Risk Management best practice
Ankara | 26 March 2015 COMCEC Trade Working Group
Berne Union
The stable force in world trade
COMCEC Trade Working GroupAnkara | 26 March 2015