Acting as an insurer for and on behalf of the Republic of Croatia, HBOR offers, under existing export credit insurance programmes, also Quota Reinsurance Programme providing cover for short-term export receivables against non-marketable and temporarily non-marketable commercial and political risks as a measure of export promotion.
The Quota Reinsurance Programme providing cover for short-term export receivables is intended for insurance companies performing export-credit insurance activities in the market of the Republic of Croatia. Quota reinsurance is a type of proportional reinsurance where a quota expressed as a percentage of every risk in the insurer’s portfolio is transferred to HBOR for reinsurance. Under the Quota Reinsurance Programme, variable quota reinsurance can also be contracted by agreeing various reinsurance quotas for various levels of reinsured amounts by foreign buyers.
Applicants are not automatically entitled to obtain reinsurance. HBOR makes a decision on each individual application for reinsurance.