Business Confidence Index Q2.21 Published

Continuing the trend established through the end of 2020: while risk appetite remains high, insurers continue preparing for rising claims in the coming months

The export credit and investment insurance industry experienced an overall positive start to 2021 with reports from the first quarter showing rising demand and a subdued level of emerging claims, accompanied by an increase in the risk appetite of insurers.

However, underwriters remain cautious and acutely aware of the potential risks presented by the current environment; notably, high debt and the inevitable phase-out of government support schemes.

This explains why the industry continues to anticipate an increase in claims payments already in Q2 2021 and likely also a larger increase in the latter half of 2021.

The results of our Q2 survey, conducted in April 2021 are presented in this report.