Prague Club supports members in developing their export credit and investment insurance schemes and facilities. It provides this support by hosting technical discussions at twice yearly meetings, as well as by facilitating ad-hoc information exchanges.
Prague Club started in 1993 by the Berne Union with funding from the European Bank for Reconstruction and Development (EBRD). The group was named after the city where its inaugural meeting was held, carrying in the tradition begun by the Berne Union. Prague Club members were initially Central and Eastern European agencies; membership later expanded to include members from Asia and Africa.
The Prague Club today
The Prague Club is a growing entity, with 37 members from across the globe. A number of Prague Club members have gone on to meet the requirements for full Berne Union membership, but remain active members of the Prague Club.
Prague Club members
The Prague Club is an information exchange network for new and maturing insurers of export credit and investment. The first official meeting was held in Prague, and carrying on the tradition the Berne Union began 50 years earlier, the group was named after the city of the inaugural meeting.
In 2013 the Prague Club once again held its Spring Meeting in Prague to celebrate the 20th anniversary of the association.
The Berne Union today
Today, with 79 member companies from around the world as members of the Berne Union and the Prague Club, we have grown to be the leading global organisation for the export credit and investment insurance industry. Since the global financial crisis in 2008, Berne Union members have indemnified approximately USD 22 billion to exporters and investors, protecting them from losses suffered due to buyer defaults in all regions of the world.