About credit insurance

What pension commitments may be credit insured?

• ITP book reserve method pensions 
• Commitments within other agreement areas
• Commitments within a company’s own plans
• Individual commitments
• Early retirement pensions
• Pension commitments abroad

What requirements are there for PRI Pensionsgaranti?

• PRI Pensionsgaranti conducts credit assessments on a regular basis, among other things based on the company’s long-term profit-making ability, financial position and ownership.
• A guarantee from the group parent company is always requested, where applicable.
• In certain cases, supplemental security is required.

Agreement term and extension

• Credit insurance agreements have a term of up to three years. Thereafter, the agreements are reviewed for extension.
• In the event the credit insurance is terminated by PRI Pensionsgaranti, the pension liability may be redeemed over a period of up to five years.
• In certain cases, PRI Pensionsgaranti may decide that the pension liability is to be redeemed over a shorter period of time. 

What does the credit insurance cost in 2020?

ITP 2

• The premium for the credit insurance is based on the redemption cost according to Alecta. 
• For pension liability which is covered by assets in a pension foundation Or collateral the premium is reduced.

The premium can be adjusted according to assessed credit risk.

Other insurances

• The premium is 0.45% and based on the pension liability
• Reduced premium 0.15%

All insurances

• Minimum premium. We charge a minimum premium of SEK 7,500 per policy.
• Additional premium. In certain cases, a supplemental premium may be charged. The supplemental premium does not provide an entitlement to a bonus and is 0.1 - 1.2 percent of the pension liability.
• Additional premium for early retirement pensions and limit - 0.2 percent of the granted amount.