The risks of exporters in international markets are covered by insurance and guarantee products. Therefore, the main purpose of this study is to identify and prioritize the challenges of export insurance and guarantee of the Iran's exporters. This research is applied in
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The risks of exporters in international markets are covered by insurance and guarantee products. Therefore, the main purpose of this study is to identify and prioritize the challenges of export insurance and guarantee of the Iran's exporters. This research is applied in terms of purpose and descriptive-survey in terms of methodology. The statistical population includes two groups of exporters (current and former customers of the Export Guarantee Fund of Iran) and from each group 90 exporters are selected based on Cochran sampling Technique. Then, the challenges of customers in using export insurance and guarantee are extracted through theoretical and empirical studies as well as credit insurance experts. Furthermore, a questionnaire (consists of 34 components) is prepared and its validity and reliability is confirmed by experts and Cronbach's alpha respectively. After that a questionnaire is distributed among selected exporters and analyzed by SPSS software. The most important challenges are related to the lack of exchange rate coverage program, low capital adequacy of Iran Export Guarantee Fund, non-acceptance of documents such as project progress and product purchase contract, instability of macroeconomic variables (such as exchange rate and inflation fluctuations), policy inconsistencies between public export credit institutions (such as export Guarantee Fund Iran and the Export Development Bank of Iran), restrictions on the issuance of foreign exchange guarantees for getting loans from foreign institutions, and weak financial relations between the export Guarantee Fund Iran and export credit agencies or other international institution. Finally, some policy implication are presented in three approaches of content (such as Establishing of foreign exchange hedge system and country risk reduction via an executive plan codification), behavioral (including facilitating the issuance process of insurance and guarantee services and setting the preferential insurance premium for SMEs) and structural (such as creating a special export insurance and guarantee program for SMEs and coordinating the activities of the Export Guarantee Fund and the Export Development Bank).
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