PRESS RELEASE: 2019 State of the Industry Survey

85% of respondents think commercial risks are increasing and 75% of respondents think political risks are becoming more prevalent - link to full press release here

In the latest joint annual state of the industry survey, members of the International Union of Credit and Investment Insurers (Berne Union) and the International Credit Insurance and Surety Association (ICISA) foresee growth in insured trade for 2019. This outlook is countered by expectationss of a significant deterioration of the risk environment, and the possibility of a recession coupled with higher expected levels of default.

A detailed analysis of responses, by sector and region will be published in our next newsletter, along with summary of 2018 industry statistics.

Full press release here: 2019 State of the Industry Joint Survey