Insurance exposure as of the end of 2010 was EUR 12.15 million higher than the previous period. Insurance exposure from the insurance of export receivables amounted to 83.92% of the total and exposure from the insurance of exporters' domestic receivables to 16.08%. Claim payments made by EXIMBANKA SR in the respective insurance business segments in 2010 significantly dropped compared to the actual results of 2009, which was mainly the result of active cooperation with the exporters insured in assessing buyers' payment morale, of efforts to avoid possible higher losses through enhanced analytical methods, and of regular and consistent risk monitoring. The quality risk assessment helped clients to prevent potential losses from business operations due to insufficient buyer’s creditworthiness. Non-marketable Risk Insurance In terms of commodity structure, the insurance of medium and long-term non-marketable risks in 2010 was mainly provided for exports of technological equipment for rubber and foodprocessing industries, and technical equipment and services for road construction and repair. The largest volumes of exports so supported were directed to the Russian Federation, Azerbaijan and Belarus. In addition to the above mentioned exports, support was also provided for investments a majority of which headed to the Czech Republic. Support for exports took form of medium- and long-term buyer’s export credit insurance against political and commercial risks and insurance of investment credits. For short-term non-marketable risk insurance, a majority of exports so supported in 2010 was destined to the Russian Federation and Algeria. In commodity structure terms, supplies for the automotive industry prevailed. Exports were supported by way of short-term supplier’s export credit insurance against political and commercial risks and manufacturing risk insurance. Non-marketable risk insurance business saw a change in the insurance structure in 2010 with medium- and long-term risk insurance prevailing over short-term risk insurance. Exports supported through medium- and long-term risk insurance in 2010 rose 83.39 % on the actual result of 2009. Insurance Exposure Insurance exposure of EXIMBANKA SR as of 31 December 2010 amounted to EUR 745.47 million. Countries with the highest insurance exposure within the EXIMBANKA SR´s portfolio included the Russian Federation, Azerbaijan, Turkey, the Slovak Republic, the Czech Republic and Kazakhstan. The other countries were mostly member states of the European Union. The total insurance exposure represents the aggregate current amount of risk underwritten under valid insurance policies and insurance commitment agreements. Claim Settlement and Debt Recovery Unpaid trade receivables notified to EXIMBANKA SR by clients insured in 2010 totaled EUR 4.14 million, with the main reason in a majority of cases (76.00 %) being protracted default. Out of the above-mentioned amount, sums recovered in 2010 before the claim payment amounted to 8.87%, receivables recovered by clients by way of claim payments to 60.88%, and 30.25% of it is at the stage of investigation and settlement. From the territorial point of view, a majority of claims notified related to debtors from Kazakhstan, Hungary, Poland, Romania, the Slovak Republic and the Ukraine. As regards
85