Market competition in the international market is very harsh. Export projects bear a number of risks that may not be always obvious and may be reduced by appropriate collateral. As the Croatian export credit agency, HBOR introduced a number of export credit insurance instruments enabling entrepreneurs-exporters to reduce and share risks.

Beside the programmes intended for exporters, HBOR offers the possibility of export credit insurance to commercial banks and financial institutions.

What can be insured?

HBOR generally insures non-marketable risks, but it can also insure those risks for which there is no sufficient insurance offer in the private insurance market. In this way, HBOR as the Croatian export credit agency supplements the existing market offer in line with the European Commission regulations.

Marketable risks are commercial and political risks of public and private debtors with the seat in a member country of the European Union or Australia, Iceland, Japan, Canada, New Zealand, Norway, USA or Switzerland. The duration of such risks, including the production period, does not exceed two years. Other risks are deemed to be non-marketable risks.