Handling fees


Handling fees between CoB members

The handling fee applicable in the relations between bureaux is calculated in accordance with the rules approved by the Council of Bureaux during the General Assembly 2001 in Andorra :

The handling fee is calculated at a rate of 15% of the sums paid as compensation to the injured parties per accident, with a minimum of EUR 200.00 an a maximum of EUR 3'500.00.

The handling fee is payable in the country and in the national currency of the handling bureau or, at the latter’s option, in Euro. Bureaux that do not emit their demands for reimbursement in EURO shall apply the current exchange rate in order to determine the minimum and maximum handling fees.


Handling fees applicable between correspondents and foreign insurers

The swiss correspondent is free to agree with the insurer that requested its approval the method for calculating its handling fees. However, this rate shall not be enforceable against any Bureau.


Exchange rate CHF/EUR of the Swiss National Bank (updated every working day)


General principles

The claims handling fee covers all the expenses which are incurred by the handling bureau arising from an accident (accident = loss, regardless of the number of claims or the number of injured parties).

The guaranteeing bureau can be separately charged for external expenses such as bank charges, consultancy fees, etc. Internal expenses incurred by the handling bureau settling the claims are not considered to be external expenses in this context.

The handling bureau is entitled to levy the handling fee even if the claim announced was settled without any payment.