H1 2022 Data released from BU AGM shows overall positive growth for the industry

BU Data in the first half of 2022 shows solid signs of continuing post-pandemic recovery, with year-on-year growth across business lines in H1 2022, and a partial normalisation of claims patterns

---

• The increasing value of trade and strong demand for product is keeping ST business growing in double digits

• The private insurance market is flying high, benefitting from the post-pandemic return of investment projects and their ability to select the best risks to grow their MLT business

• Infrastructure and manufacturing sectors had a strong 6 months with +75% growth year on year, while Renewable Energy recorded its highest ever value of new commitments for a half year period (USD 5.3 bn)

• Domestic business returns to normal levels, but remains a significant tool for ECAs

• BU members paid USD 3.9 bn. in claims in H1 2022 – 10% lower than in the first half of 2021 with decreases for both ST and MLT business lines

---

See below the top trends in export credit presentation delivered by BU economist and AD, Jonathan Steenberg at the Berne Union AGM in Kigali this week, along with press release including data briefing.