State of the Industry Report 2025 Published

The business is changing, new data released by the Berne Union reveals structural shifts in the delivery of trade and investment support

The Berne Union has released its State of the Industry Report 2025, drawing on the industry’s most comprehensive and detailed database to examine changes in BU members’ business across the globe.

What are these changes? They include:

• The rapid expansion of ST business splits across the membership, reflecting diverging supply chain dynamics as global trade adjusts.
• MLT business becoming increasingly concentrated in mega-transactions, as demand in developed economies continues to surge. For the first time, new MLT business in developed markets exceeded that in developing economies.
• For ECAs, deployed capacity under traditional export credit products has remained broadly stable, while broader MLT support and domestic credit programmes continue to expand rapidly.
• Private insurers continue to increase PRI capacity, even as overall PRI business remains subdued despite a heightened perception of political risk.
• Multilaterals are increasingly deploying guarantees and insurance instruments, alongside new solutions designed to support SMEs.
• Claims exceeded USD 11 billion for the first time, with political claims remain high. However, this was driven largely by a handful of significant political risk events rather than a broad deterioration in risk, while recoveries jumping +19%.

Explore the full report here: BU State of the Industry Report 2025

Dive into our new data dashboard here: BU Data Dashboard