Prague Club of the Berne Union Autumn Session Has Begun

Prague Club of the Berne Union Autumn Session Has Begun

BELGRADE, 4 December 2012 (Beta) – The regular session of the Berne Union Prague Club has started today in Belgrade. The session is hosted by the Serbian Export Credit and Insurance Agency (AOFI).

The director of AOFI, Milanko Bogosavljevic, announced to the press that the main topic of this year’s session is support to exporters through the insurance institute, which reduces their risk.

He pointed out that AOFI, which is a member of the Prague Club of the Berne Union since December 2006, provided insurance for about 6 percent of total export activities from Serbia and this year it achieved a 12 percent growth of export insurance.

“Serbia needs to increase its exports, and insurance as a non-financial product will mean a lot for future support and development, because it reduces the risk”, he said.

Deputy Secretary General of the Berne Union Fabrice Morel said that the union members insure over 10 percent of the world exports.

According to him the members of the Berne Union are a very important actor in the world trade and will be very significant in overcoming the world economic crisis through insurance of export operations.

Chairperson of the Prague Club, Ola Gadallah said that the Prague Club was founded in 1993 by the Berne Union and the European Bank for Reconstruction and Development (EBRD) with the aim to support and assist in development of newly established export credit insurance agencies

The Berne Union, founded in 1934 by private and public export credit insurance companies, now brings together all the major export credit insurance and foreign investment agencies that meet twice a year, in spring and autumn.