Business Confidence Index Q3.23 Published
Trade credit insurance has seen a normalisation of both claims and risk appetite through the first half of the year. The industry is maintaining capacity for MLT risks while remaining cautious around the impact of sovereign defaults and geopolitical hot spots.
Demand in short-term export credit insurance has had a subdued start to the year as high interest rates weigh down on economic activity. Project financing coverage sees higher demand as projects delayed due to the pandemic and economic uncertainty are now recommencing.
The short-term claims environment has settled as members report fewer Russia & Ukraine related claims as payment experiences improve and currency restrictions are lifted. The recovery of the transportation sector is cooling the volume of claims and increasing recoveries for MLT business.
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