Competition: State aid
Member States, short-term export-credit insurers and other interested parties
Period of consultation
From 20.09.2021 to 08.10.2021 at 10.00 CEST
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).
With a view to make public short-term export credit insurance more widely available in light of the crisis linked to the coronavirus outbreak, on 27 March 2020, the Commission decided to temporarily remove all countries from the list of “marketable risk" countries until 31 December 2020. On 13 October 2020, the Commission prolonged this removal until 30 June 2021. On 20 January 2021, the Commission launched an urgent public consultation on the availability of the short-term export-credit insurance for exports to the countries listed in the Annex to the Short-term export-credit insurance Communication. The amendment to the Communication was adopted on 28 January 2021 and the Commission considered all the countries listed in the Annex as temporarily non-marketable risk countries until 31 December 2021. The Commission is now inquiring whether the current market situation might justify a prolongation of the removal of all countries from the list of marketable risk countries in the Annex of the Communication. In order to establish whether there is currently sufficient private capacity for the insurance of exports to those countries, 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 in light of the COVID-19 pandemic (changes in the private capacity, withdrawals from or entries of private credit insurers to that market, changes in the limits set by private insurers), 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 in light 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. forecast for 2022 in light of the COVID-19 outbreak, in particular on insolvencies).
- Other relevant data and information
How to submit your contribution
Please submit your contribution in an electronic format.
Please always indicate the reference number in your correspondence: HT.4524
Due to the confidential nature of the information sought received contributions will not be published.
It is important to read the privacy statement attached to this consultation for information on how your personal data and contribution will be dealt with.
Directorate-General for Competition – Unit D4 State Aid – Financial institutions II.