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Now is the time for companies to actively seek out opportunities to trade overseas secure in the knowledge they have the right Trade Credit Insurance to protect them, delivered by a knowledgeable and respected local expert; one who is part of a prestigious, experienced and highly regarded membership organization.

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ICBA Survey: Trade Credit Insurance in a World of Unprecedented Volatility

04 Aug, 2020

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With Euler Hermes in its latest Economic Update stating that the Covid-19 crisis has resulted in market volatility reaching levels unseen since the financial crisis, and forecasting that global trade is not expected to return to pre-crisis status before 2023, the question for brokers providing trade credit insurance and those companies using it to facilitate funding and reduce risk is whether it remains a robust business ally. This is an especially pertinent question given that, in response to the crisis, many underwriters have been pulling or reducing limits to reflect the increased risks and growing insolvencies.

In a recent survey to its broker partner members, the International Credit Brokers Alliance (ICBA), which comprises a global team of independent trade credit experts, asked a question about the future of trade credit insurance. These are the responses from five ICBA members – each an experienced trade credit insurance specialist in their brokerage.

“With premiums rising and limits being pulled or reduced globally and locally, do you think trade credit insurance will retain its purpose and its popularity moving forwards?

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