Institution details

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NEXI - Nippon Export Investment Insurance (NEXI)

Key facts

  • Established in 2017
  • Ownership: Public
Part of the OECD Part of the Berne Union

Latest update: 03/12/2021

Products

  • Supplier credit insurance
  • Buyer credit insurance
  • Overseas untied loan insurance
  • Overseas investment insurance
  • Investment and loan insurance for natural resources and energy
  • Other products

Supplier credit insurance

  • Covers losses incurred by a Japanese company undertaking export, intermediary trade, or provision of technical cooperation (e.g. construction work) due to a failure to ship or collect receivables
  • Sub-products:
    - SMEs and agriculture, forestry, and fisheries (AFF) receive cover losses incurred due to inability to collect receivables; simple application procedures and prompt payment of insurance claims are available to meet the needs of the SME and AFF users; in addition, the SME and AFF users can proceed with application for insurance contracts and the procedure to create a pledge for the right of insurance claims simultaneously
    - Standing orders can be insured by setting an insurance claim payment limit to each buyer based on the estimated transaction value for the year with the buyer; this is for single and multi-buyer situation (including for continual and repeat sales to multiple buyers); simplified application procedures include instead of an insurance application for each export contract, only a once-a-month notification of all information on export contracts is required by the end of the next month once the insurance contract becomes effective
    - Pre-payment import insurance: Covers losses incurred by a Japanese importer who paid for goods in advance in accordance with the contract terms but could not receive the goods on the due date and could not receive a refund for the prepaid money despite a request due to (i) war, revolution, prohibition of foreign currency exchange, suspension of remittance, or force majeure such as natural disasters or (ii) bankruptcy or delay in the performance of obligation by the counterparty
  • Cover:
    - Pre-shipment coverage: 60–95% for political risk and 60–80% for commercial risk (under the Export Credit Specific Insurance)
    - Post-shipment coverage: 97.5% for political risk and 90% for commercial risk (under the Export Credit Specific Insurance) 


Buyer credit insurance 


  • Covers losses incurred by a financial institution located in Japan because of non-repayment of loans made to a foreign company or bank for payment of goods exported from Japan
  • Cover: Up to 100% for political risk and 95% for commercial risk


Overseas untied loan insurance 


  • Covers losses incurred by a financial institution or company located in Japan because of non-repayment of loans made to a foreign company or government to be used as business funds
  • Long-term business funds can be insured even if untied from Japanese exports
  • Cover: Up to 100% for political risk and 90%–95% for commercial risk


Overseas investment insurance 


  • Covers overseas investment losses incurred due to expropriation or infringement of rights by a foreign government, restriction on foreign currency remittance, war, and other force majeure events
  • Cover: Up to 100% 


Investment and loan insurance for natural resources and energy 


  • Coverage for senior loans: Covers losses suffered by a Japanese company or bank that provides a foreign government or a company with long-term business funds (untied to exports from Japan) to be used for projects related to resource development
  • Coverage for or investment and subordinated loans: Covers losses suffered by a Japanese company which has established a subsidiary or a joint venture in another country


Other products


  • Trade insurance for standing orders from specific buyer
  • Comprehensive export insurance with simplified procedure
  • Export bill insurance
  • Prepayment import insurance


Performance highlights

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