Business Confidence Index Q4.22 Published
Q4. Demand for credit and political risk cover continues to grow amidst a gloomy economic outlook for 2023 with both ST and MLT business expected to end on a high note in the fourth quarter of 2022
Despite a positive reaction to growing trade, buoyant commodity prices and lower-than-feared insolvencies through the second and third quarters, caution looks set to prevail in Q4, with further tightening of appetite from underwriters for both ST and MLT risks.
Emerging claims have been gradually building throughout 2022 for both ST and MLT business and this is expected to materialise in higher claims paid in the last quarter of 2022.
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