Credit and suretyship insurance

Credit and suretyship insurance

Outline of the Community (European Union) legislation about Credit and suretyship insurance


These categories group together and put in context the legislative and non-legislative initiatives which deal with the same topic.

Internal market > Single market for services > Financial services: insurance

Credit and suretyship insurance

Document or Iniciative

Council Directive 87/343/EEC of 22 June 1987 amending, as regards credit insurance and suretyship insurance, first Directive 73/239/EEC on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance.


Removal of German specialization requirements.

Obligation on Member States to require of underwriters additional financial guarantees for credit insurance. This will be achieved by setting up an equalization reserve which will offset any technical deficit or above-average claims ratio arising for a particular financial year.

Obligation on insurance companies to increase their reserves within a set period of time as a result of these amendments.

Annex containing the four permitted methods of calculating the equalization reserve for credit insurance.


Act Entry into force Deadline for transposition in the Member States Official Journal
Directive 87/343/EEC 04.07.1987 01.01.1990 OJ L 185 of 04.07.1987

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