EximAsig Romania si-a extins activitatea pe 6 noi clase de asigurari

Compania de Asigurari Reasigurari Exim Romania (EximAsig Romania), al carei actionar majoritar este EximBank, a primit din partea Comisiei de Supraveghere a Asigurarilor (CSA) autorizarea pentru practicarea a sase noi clase de asigurari.

Astfel, EximAsig Romania poate subscrie riscuri din urmatoarele clase de asigurari:

– Asigurari de accidente si boala (inclusiv accidente de munca si boli profesionale);
– Asigurari de bunuri in tranzit;
– Asigurari de incendiu si calamitati naturale;
– Alte asigurari de bunuri;
– Asigurari de raspundere civila generala;
– Asigurari de pierderi financiare.

Anterior, societatea oferea exclusiv asigurari de credite si garantii.

“Extinderea claselor de asigurari practicate reprezinta o etapa fireasca pe cursul dezvoltarii companiei si o consecinta a semnalelor primite din partea clientilor nostri. Acum le putem oferi produse cu o acoperire completa, fara ca acestia sa mai fie nevoiti sa isi segmenteze riscurile. In acest mod, venim in sprijinul exportatorilor carora le vom putea asigura, pe langa riscul de neplata la extern, ca pana acum, si marfa transportata. De asemenea, un client din domeniul constructiilor, care participa la o licitatie, poate sa incheie nu doar asigurarea de garantie de participare la licitatii, ci si asigurarea de tip “Toate riscurile” pentru lucrarile de constructii si raspunderea constructorului”, a declarat Radu Frincu, Presedinte al Directoratului societatii.

Produsele Companiei de Asigurari Reasigurari Exim Romania se adreseaza companiilor care activeaza in domeniul productiei de bunuri, transporturilor, prestarilor de servicii, constructiilor, celor din industria IT, precum si firmelor exportatoare.

Guarantee Insurance for the Participation in Bids Helps Avoiding Cash Flow Blockages

The insurance guarantee for the participation in bids allows its owner a greater ease for its liquidities by the fact that the well known classic cash collateral is replaced by the insurance policy issued by EximAsig Romania.

The policy certifies the fact that, in case the Insured Person, as the Tenderer within the bid, withdraws its tender during its validity period or wins the bid, but it does not sign the contract within the provided term or does not establish the guarantees for the contract execution within the provided term or submits a challenge to CNSC and it is rejected, EximAsig Romania will make the payment of a compensation to the bid beneficiary. Most of the times, the Beneficiary is a public authority, organizing the bid.

The guarantee insurance for the participation in bids from EximAsig Romania is recognized by the public authorities as a valid guarantee instrument, accepted in the tender books for the award of public procurement contracts.

Most of the times, the companies that use such an insurance policy operate in the field of road and highway constructions, of civil and industrial constructions, of hydrotechnical constructions, in consultancy, management, commerce, transport.

Asigurarea de garantie pentru participarea la licitatii ajuta la evitarea blocajelor de cash flow

Asigurarea de garantie pentru participarea la licitatii permite posesorului ei o mai mare lejeritate a lichiditatilor sale prin faptul ca binecunoscuta garantie clasica cu bani ( cash collateral) este inlocuita de polita de asigurare emisa de EximAsig Romania.

Polita certifica faptul ca, in cazul in care Asiguratul, in calitatea sa de Ofertant in cadrul licitatiei, isi retrage oferta in perioada de valabilitate a acesteia sau castiga licitatia, dar nu semneaza contractul in termenul prevazut sau nu constituie garantiile pentru executia contractului in termenul prevazut sau depune contestatie la CNSC si aceasta este respinsa, EximAsig Romania va efectua plata unei despabugiri catre beneficiarul licitatiei. De cele mai multe ori Beneficiarul este o autoritate publica, organizatorare a licitatiei.

Asigurarea de garantie de participare la licitatii de la EximAsig Romania este recunoscuta de autoritatile publice drept instrument valabil de garantare, acceptat in caietele de sarcini pentru atribuirea contractelor de achizitii publice.

De cele mai multe ori, companiile care utilizeaza o astfel de polita de asigurare activeaza in domeniul constructiilor de drumuri si autostrazi, al constructiilor civile si industriale, al constructiilor hidrotehnice, in consultanta, management, comert, transport.

Exim Romania Insurance & Reinsurance Company (CARE) officially enters the insurance market

Exim Romania Insurance & Reinsurance Company (CARE), whose majority shareholder is EximBank has received from the ISC (Insurance Supervisory Commission) the approval to operate as a company specializing in short-term trade credit insurance and guarantees CARE has a registered capital of 29.2 million lei and will provide insurance and reinsurance of short-term commercial loans (risk class XIV. Credit insurance) as well as bond insurance (risk class XV).

“The new insurance company will provide tools that will allow Romanian companies, especially exporters and SMEs, to more effectively manage business credit, which will lead to increasing their competitiveness. For the first year of operation of CARE Romania we estimate a two million lei volume of gross written premiums”, said Ionut Costea, president of EximBank. The establishment of CARE Romania was determined by the European Commission’s recommendations which prohibit state support of export credit insurance against short-term “market risk”. However, the Commission believes that owning a subsidiary entities is in accordance with EU regulations.

Eximbank currently has a portfolio of insurance products that will continue to be provided after the establishment of CARE Romania. Therefore, the bank offers to its customers products like Insurance against risk of non-payment on the foreign market – providing safety collecting 80% of export value, Insurance of the Romanian capital investments abroad – which guarantees the recovery of up to 90% of the project or Insurance policy that protect against adverse movements in export revenues of the exchange rate.

“In 2009, Eximbank has earned insurance premiums of over two million lei, which means an increase of 1.6 times the amount of premiums collected in the previous year. The bank’s exposure on the insurance segment increased in the first half of this year over 220% from late last year” said Ionut Costea, president of EximBank.

EximBank is a specialized institution whose portfolio of products is focused on three main directions – financing, guarantee and insurance, allowing to support the activity and development of exporters, SMEs, as well as companies who conduct projects in priority development areas of the economy, especially those that contribute to the absorption of EU funds.

The companies interested in EximBank’s products can directly address the Bank’s branches in Bucharest, Bacau, Brasov, Constanta, Cluj, Craiova, Timisoara, Buzau, Oradea, Deva and Iasi. Also, traders can obtain information about products and related documentation through the www.eximbank.ro site or can get details by writing to the address informatii@eximbank.ro

Compania de Asigurare – Reasigurare Exim Romania (C.A.R.E.) intra oficial pe piata asigurarilor

Compania de Asigurare – Reasigurare Exim Romania, al carei actionar majoritar este EximBank a primit din partea Comisiei de Supraveghere a Asigurarilor (C.S.A.) autorizarea pentru a functiona ca societate specializata in asigurarea creditelor comerciale pe termen scurt si a garantiilor.

C.A.R.E. Romania are un capital social de 29,2 milioane de lei si va oferi asigurari si reasigurari de credite comerciale pe termen scurt (clasa de risc XIV – Asigurari de credite), precum si Asigurari de garantii (clasa de risc XV).

“Noua societate de asigurari va oferi instrumente care vor permite societatilor romanesti, in special exportatorilor si intreprinderilor mici si mijlocii, sa gestioneze mult mai eficient creditele comerciale, lucru care va duce la cresterea gradului lor de competitivitate. Pentru primul an de functionare a C.A.R.E. Romania estimam un volum al primelor brute subscrise de doua milioane de lei”, a spus Ionut Costea, presedintele EximBank. Infiintarea C.A.R.E. Romania a fost determinata de recomandarile Comisiei Europene care interzic sustinerea de catre stat a asigurarii creditelor de export pe termen scurt contra “riscurilor de piata”. Totusi, Comisia Europeana considera ca detinerea unei entitati subsidiare este in concordanta cu reglementarile europene.

EximBank are in acest moment un portofoliu bogat de produse de asigurare care vor continua sa fie oferite si dupa infiintarea C.A.R.E. Romania. Astfel, banca pune la dispozitia clientilor produse precum Asigurarea riscului de neplata la extern – care ofera siguranta incasarii a 80% din valoarea exportului, Asigurarea investitiilor romanesti de capital in strainatate – care garanteaza recuperarea a pana la 90% din valoarea proiectului sau Polita de asigurare care protejeaza incasarile din export impotriva fluctuatiilor nefavorabile ale cursului de schimb.

“In 2009 EximBank a incasat prime de asigurare in valoare de peste doua milioane de lei, ceea ce inseamna o crestere de 1,6 ori fata de valoarea primelor incasate in anul anterior. Expunerea bancii pe segmentul asigurarilor a crescut in primul semestru al acestui an cu peste 220% fata de sfarsitul anului trecut”, a mai spus Ionut Costea, presedintele EximBank.

EximBank este o institutie specializata al carei portofoliu de produse, axat pe trei directii de actiune – finantare, garantare, asigurare, ii permite sa sustina activitatea si dezvoltarea exportatorilor, a IMM-urilor, precum si a companiilor care deruleaza proiecte in domenii prioritare de dezvoltare a economiei, in special a celor ce contribuie la absorbtia de fonduri europene.

Companiile interesate de produsele EximBank se pot adresa direct unitatilor teritoriale ale bancii din Bucuresti, Bacau, Brasov, Constanta, Cluj, Craiova, Timisoara, Buzau, Oradea, Deva si Iasi. De asemenea, operatorii economici pot obtine informatii despre produse si documentatia aferenta prin intermediul site-ului www.eximbank.ro sau pot primi detalii scriind pe adresa informatii@eximbank.ro

Carrier liabilities Insurance

What is the object of the insurance?

This insurance covers the Insured’s liability for material loss to third parties, during the road transport contracts, as a result of finalizing the liquidation procedures of the transport company.

Who is the Insured?

The companies which make national and international road transports.

What is the coverage?

The policy covers the company’s exposure according to the laws in force.

 What is the insurance period?

Most of the times, the carrier liabilities insurance is signed for 12 months.

What are the costs of the insurance policy?

The insurance premium is calculated according to the number of vehicles, equity of the company, its experience and the insured period.

Advance Payment Bond

What is the object of the insurance?

The advance payment bond covers the payment of an indemnity in favour of the beneficiary, if the insured does not fulfill his payment obligations according to the contract, meaning revolving the amount received in advance, in time and subject to the stated conditions.

Who can be the Insured?

The advance payment bond may be used by production companies, equipment suppliers, outsourcers, constructors.

 What is the insured percent?

EximAsig covers a maximum 30% of the contract’s value.

What is the insurance period?

The advance payment bond can be signed for an advance recovery period as stated in the contract, but never exceeding the execution date of the contract.

What are the costs of the insurance policy?

The insurance premium is established based on the contract value, the guarantee value, the valability period of the insurance, the requests of the beneficiary, as mentioned in the contract, the experience of the contractor, the value and nature of the collaterals put at our disposal by the insured.

Maintenance Bond

What is the object of the Insurance?

Paying an indemnity in case of deficiencies and technical errors which may appear after finalyzing the project, but within its guarantee period.

Who can be the Insured?

The maintenance bond can be used by construction companies, production companies, service companies, industrial equipment suppliers.

What is the insured percent?

Usually, the insurance covers maximum 10% of the contract’s value.

What is the insurance period?

The maintenance bond can be signed for 24 months. As an exception, the insurance period can be larger, subject to the specified project.

What are the costs of the insurance policy?

The insurance premium is established based on the contract value, the guarantee value, the valability period of the insurance, the requests of the beneficiary, as mentioned in the contract, the experience of the contractor, the value and nature of the collaterals put at our disposal by the insured.

Performance Bond

What is the object of the insurance?

This guarantee is a ferm and irevocabily engagement, assumed by the Insured and the Insurer, regarding the payment of an indemnity, no more than the insured amount, in favour of the beneficiary, if the insured does not fulfill his obligations as mentioned in the contract, meaning the guaranteed obligations.

What is the insured percent?

Usually, the insurance covers between 2% and 10% of the contract.

What is the period of the insurance?                                                                                                        

According to the contractual clauses, as a rule maximum 6 years.

What are the costs of the insurance policy?

The insurance premium is established based on the guarantee value, the valability period of the insurance, the requests of the beneficiary, as mentioned in the contract and the experience of the contractor.

Bid Bond

What is the object of the insurance?

Payment of an indemnity in favour of the beneficiay, in case of:

    • the insured withdraws his offer during its valability period;
    • the insured wins the auction (bid), but does not sign the contract in the specified term, as stated in the offer or the tender book;
    • the Insured wins the auction (bid), but can not present the demanded guarantees for the execution of the contract, as stated in the tender book;
    • the Insured contests the decision to the NCSC and it is rejected.

 What is the insured percent?

Usually, the insurance covers 2 % of the contract’s value.

What is the period of the insurance?

The bid bond is issued for a maximum period of 180 days.

What are the costs of the insurance policy?

The insurance premium is established based on the guarantee value, the valability period of the insurance, the requests of the beneficiary, as mentioned in the contract, the experience of the contractor, the value and the type of guarantees that the insured can sustain.