The Berne Union is the leading association for the global export credit and investment insurance industry
Founded in 1934, it is an international non-profit organisation whose mission is to enhance trade and investment flows globally through export credit, trade finance and investment facilities.
We represent 84 Member companies from 73 Countries, including government-backed official export credit agencies, private credit and political risk insurers, multilateral institutions.
In 2016, our members provided payment risk protection to banks, exporters and investors amounting to USD 1.87 trillion – 11% of total world trade*
This total business volume represents cover of approximately 11% of total world cross border trade for goods and services, *according to WTO figures, underlining the important role Berne Union Members play in facilitating trade in difficult economic environments.
Since the beginning of the global financial crisis in 2008, Berne Union members have paid claims of approximately USD 40 billion.
History and Growth of the Berne Union
Founded in 1934 by private and state export credit insurers from France, Italy, Spain and the UK, the first meeting was held in Berne, Switzerland – which is where the name Berne Union comes from.
Membership has increased steadily in the 82 years since; notably, with the expansion of our mandate in 1974, to include members who insure foreign investments, and with the creation of the Prague Club in 1993, designed to support new and maturing export credit agencies and insurers setting up and developing export credit and investment insurance schemes.
In 1999, the export credit members formed two groups, focusing on short term and medium/long term export credit business. As of 2016, the modern Berne Union is structured around four committees, representing these two groups (ST + MLT) along with the Investment Insurance (INV) Committee and Prague Club (PC), which was formally integrated in May 2016.
For a complete list of current Berne Union members and contact details, please follow this link: (Link to member list for BU)