INSURANCE OF EXPORT CREDITS IN FOREIGN ECONOMIC ACTIVITY

The article argues necessity of insurance of export credits in foreign economic activity and kinds of guaranties from insurance of a foreign economic contract. The research describes process of insurance of exporters and argues benefits from insurance of export credits for exporters. It is confirmed that insurance of export credits extends export opportunities several times. It was found that export credit insurance is developing in two directions: increasing the size of insurance coverage, which is also an extension of the list of types of insurance. The benefits of the exporter in insurance of export credits are highlighted, including the help of specialists; observing the financial status of foreign clients and increasing their number; growth of export volumes; raising the level of competitiveness, and thus increasing profitability. The work proposes to develop a complete system of export insurance, supplying reduction of risks for domestic export institutions.