ies carry out export credit insurance against political risk. Private insurers such insurance is usually not carried out.its core credit insurance to reduce or eliminate credit risk. Credit insurance facilities usually serve commercial loans (loans, provided by the supplier to the buyer), bank loan supplier or buyer. Commitments and guarantees for the loan. Long-term investments and other defense interests of the seller or bank lender that in the event of insolvency of the debtor's failure to pay a debt or for other reasons repayment on the loan incurs insurance organization.international practice, credit insurance as a specific type of insurance arose in the 19th century and was bred by economic crises and instability. Modern forms of this type of insurance accepted only after the Second World War. In domestic practice, credit insurance began in 1990.is provided on a voluntary basis in two forms:
Liability insurance for borrowers for non-payment of loans;
Insurance against the risk of credit default.the first case, the insured is the borrower, the insurance object is his responsibility to the bank that issued the credit for the timely and full repayment of the loan (including interest on credit). In the second case the policyholder bank and insurance object-responsibility of all or individual borrowers to the bank for the timely and full repayment of the loan and interest on loans.the conclusion of the contract of insurance (insurance certificate) the policyholder to the insurer provides a specific set of documents. The list of documents is the insurer. The main purpose of providing documentation, to determine the degree of risk and insurance payment on the basis of the amount of its insurance premium (fee). Most significant moments in insurance are:
The amount of liability accepted by the insurer;
Determination of the insured event;
Procedure for damages;
The size of the insurance rate and premium; of compliance with each of these points are specified (set) individually. However, the weakness of insurance supervision in Russia gives rise to various kinds of abuse. Excessively high premiums lead to obtaining insurance companies «unearned» income, increase in production costs due to insurance payments is unreasonable increase of prices of goods and services.the most important fact is that commercial banks can not today without fear for themselves to use credit insurance as a form of protection against risks arising in the course of banking activities. The virtual absence of insurance audit and wide media coverage balances insurance companies questioned the solvency of the latter. Given these shortcomings, the process of credit insurance in Russia is developing very slowly.experience shows that in Austria issued a loan to one borrower may not exceed 50% of the shat and capital to the bank.Ireland, one investor should not be placed in the bank de positive, pr e exceeds 10% of total bank deposits in, and one of the largest contributions 0 d sors should not keep in the bank more than 40% of its deposits.the UK, commercial banks must inform the Bank of England on every deposit bonus is 5% of all de positive.the USA the so-called law Johnson (from 1934), for providing loans to countries prohibits not repay its debt obligations ne ed by the US government and is not be members of the International Monetary Fund., the regulation of bank risk is not based on an assess...
