Definition: Reinsurance by export credit agencies

Category: External debt - IMF

Export credit agencies may reinsure amounts originally insured by a private sector insurer or commercial bank (some large official agencies are also providing reinsurance for smaller official agencies). For example, a private insurer might keep the commercial risk of a loan on its own books, but seek reinsurance against specific political risks. Also, some export credit agencies may receive reinsurance from their governments or purchase it in the private reinsurance market. http://ec.europa.eu/eurostat/ramon/statmanuals/files/external_debt_guide_2003_EN.pdf#page=255