Insurance risks categories

Country risk is determined on the basis of the rate schedule, where countries are classified into 7 categories according to the level of risk: 1 — the lowest risk, 7 - the highest risk. The list of countries and classification of countries by the risk level are in line with the list published by the Organization for Economic Cooperation and Development (OECD), which also contains recommendations for the export credit agencies of the countries-members of the OECD on the premium rates depending on the insurance period by country categories. 

Country risks categories

  1. Low
  2. Moderate
  3. Below Medium
  4. Medium
  5. Above Medium
  6. Significant
  7. High
  8. Countries have a separate category of risk on short-term insurance and a separate category of risk in the medium/long-term insurance.
     

CIS countries

Short-term

Long-term*

Azerbaijan 4 5
Armenia 5 6
Belorussia 4 7
Georgia 5 6
Kyrgyzstan 4 7
Russia 2 4
Tajikistan 6 7
Turkmenistan 5 6
Ukraine 6 7
Uzbekistan 5 6

Asia

Short-term

Long-term*

China 1 2
Turkey 2 4
Iran 6 6
Mongolia 5 6
India 3 3
Afghanistan 7 7
Pakistan 7 7
Vietnam 5 5
Japan 1 0
U.A.E 2 2
Saudi Arabia 2 2
Israel 1 0
Syria 7 7
Thailand 3 3
South Korea 1 0
Egypt 6 6
Europe and America Short-term Long-term*
USA 1 0
Italy 1 0
Germany 1 0
Netherlands 1 0
Great Britain  1 0
France 1 0
Spain 1 0
Latvia 1 0
Lithuania 1 0
Estonia 1 0
Greece 2 0
Poland 1 2
Czech Republic 1 0
Slovakia 1 0
Switzerland 1 0
Serbia 6 6
Romania 3 3
Bulgaria 4 4
Hungary 1 0


 * — for the long-term projects the OECD’s rating is used.