In 2021, the global economic indicators improved drastically as the Covid crisis eased and corporates returned to growth while continuing to benefit from state supported Covid 19 measures.
Credit insurers also benefited from this upturn, with a strong increase in premiums and a historically low level of claims.
Since Q1 2022, the war in Ukraine has unfortunately held back this recovery, and there is now spiralling inflation. Many insolvencies are expected at the end of 2022 and in 2023.
Trade Credit Insurance will remain a cornerstone for corporates, continuing to provide protection in an increasingly volatile and interconnected global economy.
Discover in the survey the key indicators of the credit insurance market.