ASHRA is a government-owned company and is the only Israeli company in its sector. ASHRA was established in 1957 to encourage exports from Israel, to help minimize political and commercial risks, to raise export financing for the mid and long terms (from one year and up to 10 years) and to finance Israeli investments abroad. ASHRA’s policies are fully backed by a state guarantee. ASHRA operates mainly in developing countries, characterized by a high level of commercial and political risks, concerns that agreements will not be honored, and suffering from claims and difficulties in the transfer of funds. ASHRA is involved in significant part of the mid and long-term export transactions to developing countries. Most of the insured countries are located in South East Asia, Eastern Europe and South America. At the end of 2010, ASHRA’s insurance portfolio included export transactions of more than $1 billion in various fields such as industry, infrastructure, medical equipment, energy, communications, agriculture, security equipment, planning and engineering services. ASHRA also offers an insurance of Israeli exports to industrialized and developed countries. ASHRA provides Israeli exporters with a wide range of insurance solutions and advice, enabling them to minimize risks, to receive financing and to immediately recognize income. Insurance Coverage The insurance coverage is up to 95% against political risks and up to 90% against commercial risks. Political risks • War, overthrows, turmoil. • Expropriation, nationalization, confiscation. • Limitations on foreign currency conversion and transfers. Commercial risks • Bankruptcies or continued inability to make payments. ASHRA provides Israeli exporters with coverage at the highest standards, similar to those used in the leading OECD member countries.