Business Confidence Index Q2.22 Published

24/05/2022
Publications

Underwriters are tightening risk appetite in response to emerging claims, inflationary pressures and geopolitical tensions, while elevated commodity prices and investment in new projects keep demand strong

Global trade prospects for the first quarter of 2022 changed radically in late February with the Russian invasion of Ukraine.

This has a knock-on impact on the outlook for export credit insurance and is reflected by a significant shift in the overall sentiment and expectations reported by Berne Union members for this report.

Simmering fears around supply chain shortages and widespread inflation have only been further exacerbated by the sparking of geopolitical tensions, and the impact on both trade and credit risk are already evident.

These factors have both immediate and long-term consequences for credit and political risk as well as affecting the demand for insurance. While insurers are expecting to pay higher claims in the coming period, these are well provisioned and there is no indication of an unmanageable level.

No alt text provided for this image

Business Confidence Index Q2.22

https://bublob.blob.core.windows.net

Underwriters are tightening risk appetite in response to emerging claims, inflationary pressures and geopolitical tensions, while elevated commodity prices and investment in new projects keep demand strong

Latest News

Member News
16/02/2024

Changes in the Bank Board of EXIMBANKA SR

The Government of the Slovak Republic appointed a new top management team for the Export-Import Bank...
Press Release
15/02/2024

BU90 Stakeholder event 27th Feb - Public live stream

Join Us in Celebrating the Berne Union's 90th Anniversary by connecting for our live streamed panel ...
Press Release
22/01/2024

Exciting Milestone Alert: Celebrating 90 Years of the Berne Union

BU 90th Anniversary Video
Climate Working Group
19/01/2024

Climate Working Group: Dubai COP28 Workshop recordings available online

The BU CWG held a practical in-person workshop, coinciding with COP28 in Dubai on 6th December 2023
Secretariat Update
17/01/2024

New joiners at the BU Secretariat: Carla Senatore (Deputy Secretary General) and Yerim Lee (Secondee)

From January 2024 we welcome Carla and Yerim to the Secretariat Team
Publications
10/01/2024

BU Publications 2024: Call for submissions on international trade finance and investment

Are you interested in submitting an article or thought-piece for the Berne Union's publications in 2...
BU Data
14/12/2023

Business Confidence Index Q4.23 Published

We see renewed demand for export credit insurance and expect a strong end to the year. Insurers are ...
MC Announcement
13/12/2023

Appointment of new Elected Officials and Institutional Representatives to the Berne Union's Management Committee

In elections and voting following the 2023 AGM, the Berne Union has appointed new Officials for the ...
Publications
12/12/2023

2023 Berne Union Yearbook: The Tools of Transition

Featuring leading voices from across international trade and investment reflecting on the key themes...
Member News
11/12/2023

Everest and The Hartford confirmed as Full BU Members

In online voting following the AGM, Everest and The Hartford have been formally promoted to full BU ...
Press Release
22/11/2023

BU ECAs in the Asia Pacific Region affirm commitment to collaboration on ESG at 12th annual CEO Meeting of the RCG (Regional Cooperation Group)

the 12th Annual RCG CEO Forum was hosted in Bangkok this week by EXIM Thailand

Upcoming meetings

BU 90th Anniversary Stakeholder Event

Feb 27, 2024
London, United Kingdom
The BU is holding a stakeholder networking event on 27th of February 2024, in London, hosted by UKEF

MLT Technical Panel 2024

Mar 19 - Mar 21, 2024
Rome, Italy
The MLT TP will take place in March 2024, in Rome.

Digitalisation Specialist Meeting 2024

Mar 20 - Mar 21, 2024
Warsaw, Poland
The meeting will take place from 20-21 March in Warsaw, Poland, hosted by KUKE.

Spring Meeting Oslo 2024

Apr 23 - Apr 25, 2024
Oslo, Norway
The 2024 Spring Meeting will take place in Oslo, hosted by Eksfin

Prague Club Committee Biennial Meeting Athens

May 21 - May 24, 2024
Athens, Greece
ECG will be hosting the Prague Club Committee meeting in Athens in May 2024