Promoting sustained technical excellence, innovation and product integrity
* Recommendations with regard to so-called pre-shipment cover
* Standardisation of terminology
* Review of the effects of cross-border insolvencies
* Recommendations with regard to binding orders and non-cancellable limits
* Review of so-called reverse credit insurance
* Analysing the effects of an avian flu pandemic on the sector and its clients
* Report on issues concerning fronting for surety bonds
* Recommendations on detecting and avoiding money laundering
Promoting sustained quality management
* Round table discussions between members exchanging experience and best
practices on current problems and challenges.
* Review of capital and portfolio management tools
* Review of cycle management options
* Review of the current and future reinsurance environment
* Review of co-insurance and facultative reinsurance options
Advising international and multi-national authorities
* Creating awareness at the European Commission of the lack of a level playing field
for surety products
* Continued work towards a global level playing field for surety insurers in public
contracts
* Counterpart for the Comité Européen des Assurances (CEA) in the drafting and
implementation of Solvency II requirements
* Promoting the ICC’s uniform rules for contract guarantees
* Participating in meetings of the UN Commission on International Trade Law
(UNCITRAL)
* Advising the International Accounting Standards Board (IASB) on their proposals
aimes at the credit insurance and surety sectors
Structural initiatives
* A new standard (XBRL) for the electronic transfer of financial data. Developed jointly
with other leading financial services providers, this has now become the international
standard, adopted by Microsoft and many others
* Founding member of the International Surety Association (ISA) which undertakes
joint projects together with national surety associations of Australia, Canada,
Mexico and the USA
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associations and other interested parties