Cost calculation
Overview of the tools for calculating premium and fees
Premium indication
Online premium calculator
Explore our new online premium calculator to calculate your expected premium. The tool does not cover all functionalities of the Excel-based tool yet, but will be developed further. If you need additional functionalities, please find them in our excel-tool.
Please note that this calculator only provides an indication about the expected premium. To check the feasibility of cover for your project, please contact us.
Do you have suggestions for enhancing the premium calculator? Please let us know!
Specifically for foreign customers
"How much does it cost?" is one of the most pressing questions asked by foreign customers of export companies.
The Premium Calculator, provides an initial indication* – with just four inputs and in less than a minute!
Quick and easy to get a first cost estimate. Exporters and banks have highlighted the following advantages when using it:
Start the Premium Calculator
The Premium Calculator was designed for foreign importers, but also offers German exporters an initial indication.
What does Hermes Cover cost?
The costs of cover for your export transaction comprise fees and premiums. The fees are charged for the costs associated with the processing of an application. As matter of principle, premiums are risk-based and account for the major part of the costs. When the premium is calculated, the horizon of risk, the country and the buyer risk but also your share in the risk (uninsured percentage) and any collateral that may exist are taken into account. Consequently, lower risks result in lower costs than high risks.
Premium Calculation Tool
An example for the calculation
On the left, an example (DE) of the calculation of a medium-term export transaction to Indonesia with an order value of 1 million euros and a medium credit rating of the buyer, to be financed over 3 years.
If you need further assistance with the calculation, please contact us.
Application fee and issuing fee
The application fee is charged on submission of the application for cover. The scale can be found in the table below.
The issuing fee amounts to 0.25 ‰ of the order value or credit amount, the minimum amount being EUR 50 and the maxium EUR 12,500.
More details can be found in the brochure “Fees and premium rates”.
| order value up to | amount |
| 25,000 | 100 |
| 50,000 | 200 |
| 125,000 | 400 |
| 250,000 | 600 |
| 500,000 | 800 |
| 2.5 million | 1,000 |
| 5 million | 1,500 |
| 10 million | 2,500 |
| 15 million | 3,500 |
| 30 million | 4,000 |
| 50 million | 4,500 |
| 100 million | 5,000 |
| > 100 million | 6,000 |
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