The Concept of the State-Supported Insurance in the Czech Republic and Poland

Territorial and political risks can have enormous effects on business operations, can generate significant profits, but also incur huge financial losses or total cancellation of ongoing operations. Political and commercial risks are becoming a key issue that various entrepreneurs must be concern for. The solution is export insurance, which is able to cover territorial risks and long-term commercial risks, thereby help to cope with unexpected situations. Insurance for these situations is available on commercial basis and with state support. Therefore, the state supports export through specialized insurance institutions and thus helps exporters to trade in countries with political, macroeconomic and financially lower stability. The aim of the paper is to compare the current pro-export policy in the Czech Republic and Poland on the approach to insurance with state support. The authors are aware that the conditions for proexport policy are comparable in developed countries. Because export support, although it is a national competence, must be set in accordance with international rules established at the level of the WTO, the OECD and the EU. Nevertheless, there are obvious differences in the concept, methods and rules of the pro-export policy setting of individual states, which the authors explain in the approaches to state-supported insurance in the CR and Poland.