Business Confidence Index Q2.22 Published

23/05/2022
Publications

Underwriters are tightening risk appetite in response to emerging claims, inflationary pressures and geopolitical tensions, while elevated commodity prices and investment in new projects keep demand strong

Global trade prospects for the first quarter of 2022 changed radically in late February with the Russian invasion of Ukraine.

This has a knock-on impact on the outlook for export credit insurance and is reflected by a significant shift in the overall sentiment and expectations reported by Berne Union members for this report.

Simmering fears around supply chain shortages and widespread inflation have only been further exacerbated by the sparking of geopolitical tensions, and the impact on both trade and credit risk are already evident.

These factors have both immediate and long-term consequences for credit and political risk as well as affecting the demand for insurance. While insurers are expecting to pay higher claims in the coming period, these are well provisioned and there is no indication of an unmanageable level.

No alt text provided for this image

Business Confidence Index Q2.22

https://bublob.blob.core.windows.net

Underwriters are tightening risk appetite in response to emerging claims, inflationary pressures and geopolitical tensions, while elevated commodity prices and investment in new projects keep demand strong

Latest News

Member News
16/05/2023

EximBank Romania becomes Exim Banca Romaneasca

Exim Bank Romania changes brand identity
Secretariat Update
11/05/2023

Paul Heaney Appointed as Secretary General

In an announcement at the 2023 Spring Meeting in Brussels this week, Paul Heaney has been confirmed ...
Press Release
11/05/2023

PRESS RELEASE: Brussels Spring Meeting 2023

Export credit is well positioned to adapt and innovate as we enter a new era of risk in the wake of ...
Member News
28/04/2023

Change in Management Board of SID Bank

New President of Management Board has been appointed recently
Publications
21/04/2023

April BUlletin: Landmark modernisation for OECD Arrangement

A bold agreement for the Arrangement marks a positive development for our industry. Also featuring ...
Member News
04/04/2023

From EKF to EIFO (Denmark’s Export & Investment Fund) as of 1 April 2023

EIFO has become Denmark's ECA.
BU Data
10/03/2023

Business Confidence Index Q1.23 Published

Demand remains buoyant for ST and MLT business following strong global trade performance in 2022. Un...
Publications
28/02/2023

February BUlletin: What's on the horizon for 2023?

The pick of key issues to look out for in 2023 – from macro trends, potentially choppy seas for smal...
Job Vacancy
24/02/2023

Job Posting: Secretary General Position

The BU is advertising for the position of Secretary General, leading the overall work of the BU-Sec ...
Secretariat Update
17/02/2023

Passing of Vinco David - Berne Union Secretary General 2017 - 2022

It is with great sadness that we learned of the passing of Vinco David, Secretary General of the BU ...

Upcoming meetings

MLT Technical Panel 2023

Jun 8 - Jun 9, 2023
Hamilton, Bermuda
The MLT TP will take place in June 2023, in Bermuda

Claims and Recoveries Specialist Meeting

Jun 14 - Jun 16, 2023
Prague, Czech Republic
The 2023 Claims and Recoveries Specialist Meeting will take place in Prague, Czech Republic, hosted by EGAP

Project Finance Specialist Meeting

Jun 28 - Jun 29, 2023
Copenhagen, Denmark
Project Finance Specialist Meeting will take place 28-29 June 2023, in Copenhagen

Reinsurance Specialist Meeting 2023

Sep 20 - Sep 21, 2023
Washington, DC, United States
Reinsurance Specialist Meeting will take place 20-21 September 2023, in Washington, DC
REGISTRATION OPEN
Read more

Annual General Meeting Amman 2023

Oct 31 - Nov 2, 2023
Amman, Jordan
The 2023 AGM will take place from 31 October to 2 November, in Amman, Jordan