Exportni garancni a pojistovaci spolecnost, a. s

We are a credit insurance corporation insuring credits connected with exports of goods and services from the Czech Republic against political and commercial risks uninsurable by commercial insurance. From the point of view of business parties the political risks are of a force majeure nature. They include for example administration or legislative measures in the country of the borrower that prevent it from payment, or even political events in the country of the debtor in the form of revolution, war, general strikes, etc. Commercial risks are connected directly with the borrower and take a form of insolvency or denial of payment of claims. EGAP insures in particular bank loans due in over 2 years, intended to finance export of energy, machinery and technological systems, investment projects, transport constructions and investments, usually to countries where political, economic and legal environment increases the risk of default. It complements the range of commercial credit insuranc...