Competition: State aid
Member States, short term export credit insurers and other interested parties.
Period of consultation
From 23.03.2020 to 25.03.2020 noon
Objective of the consultation
In the Communication from the Commission to the Member States on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to short-term export-credit insurance (Official Journal C 392, 19.12.2012, p. 1), the Commission concludes that short-term export-credit risks inside the EU and a small number of other countries are in principle “marketable” and that Members States should leave the insurance of those risks to private parties (or to public entities acting as market economy operators).
The Commission is inquiring whether the current market situation might justify the removal of all countries in the Annex of the Communication. In order to establish the availability of sufficient private capacity the Commission invites Member States, credit insurers and other interested parties to submit the following information:
- Private credit insurance capacity: availability of credit insurance from private insurers in all Members States since the start of the COVID-19 epidemic (changes in the private capacity, withdrawals from or entries of private credit insurers to that market), data on the exposure per country per private insurer for the same period (number of requests, acceptance ratio, total insured turnover, and average premium charged).
- Activity of insurers acting on behalf of, or with State guarantee or the State itself in provision of short-term credit insurance for exports to all countries since the start of the COVID-19 epidemic: availability of credit insurance in all Member States, number of requests, acceptance ratio, total insured turnover, and average premium charged in the Member States concerned.
- Corporate sector performance across the countries if available (e.g. correction of the forecast for the remainder of 2020 before and after the COVID-19 outbreak).
- Other relevant data and information