Continuing globalisation has brought vast benefits to Swiss businesses - but not without equally immense risks, particularly for small- to medium-sized enterprises (SMEs). Government-owned but self-financed SERV Swiss Export Risk Insurance aims to help bridge this gap, ensuring the competitiveness and business continuity of Switzerland-based exporters.

"Niche, innovative SMEs are the backbone of Swiss industries, but they are especially vulnerable as they have limited capital, and banks are often reluctant to grant credits to these small companies," says director Herbert Wight. "SERV ensures that their export business is protected against commercial and political risks, guarding them against non-payment and helping them facilitate the financing of exports and maintain liquidity."

SERV supports large corporations such as multinational technology firm ABB Group, while aiding specialised companies in machinery, tooling, pharmaceutical and other sectors. SERV covers exports of consumer and capital goods as well as services, and can assist the exporter from the financing of its production until the final payment for the delivery and the services rendered.