Business Confidence Index Q1.22 Published
Growing appetite for climate-related investments and social infrastructure boosts MLT capacity at the beginning of 2022, amid generally positive expectations for trade activity, despite some dampening from inflation, and increasing costs of energy especially
As insurers take their initial figurative steps into 2022, the business environment is far from easy to read and they need to think about where to step; The overall projections for 2022 continue to be positive, even if they are being slightly downgraded, with both merchandise trade and cross-border investments expected to grow in 2022.
In this framework, export credit insurers are slightly more reticent about their expectation of the first quarter of 2022.
With an uncertainty on future demand and other general tenuous developments, it is no surprise that insurers’ risk appetite – especially regarding ST risks – is not seeing the same widening as seen during 2021.
While emerging claims and expectations on claims paid has been a rollercoaster since the onslaught of the pandemic, 2021 concluded with insurers seeing lower emerging claims for both ST and MLT risks.