Highlights of the global trade credit insurance markets include:
- After three consecutive quarters of deterioration, more than half of Marsh’s global colleagues said that credit limit approvals were either stable or slightly improved when compared to the prior quarter. Australia/New Zealand and Europe (developing and developed) continued to see conservative underwriting from insurers.
- Claims filings slowed slightly after increasing every quarter since the inception of this survey in the first quarter of 2011. Developing Europe, Latin America, and Africa reported the most significant increases in claims frequency.
- Global demand for trade credit insurance remained high and fairly consistent with the prior quarter. The United States, Latin America, and the Middle East showed the sharpest increases in demand.