Business Confidence Index Q1.23 Published

10/03/2023
BU Data

Demand remains buoyant following strong global trade performance in 2022, but high inflation, ongoing geopolitical risks, and rising pre-claims situations mean underwriters remain cautious through the first quarter of 2023

Despite the expected economic slowdown, ST business is likely to continue its resiliency as we head into 2023, meanwhile growing demand for large infrastructure projects and green products boosts MLT business at the end of 2022.

Pre-claims situations have been gradually building throughout 2022 for both ST and MLT business and this is expected to materialise in higher claims paid in the first quarter of 2023, particularly if inflation persists and sovereign debt positions deteriorate.

Read the full report via the link below...

No alt text provided for this image

Business Confidence Index Q1.23

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

Demand remains buoyant for ST and MLT business following strong global trade performance in 2022. Underwriters remain cautious amid high inflation, widespread geopolitical risk, and rising pre-claims situations.

Latest News

Publications
20/09/2023

September BUlletin Published: BU Climate Working Group: The continuing momentum for change

Plus: New technology risk, the South American CPRI market, war risk, and SOE responsibility
Climate Working Group
15/09/2023

BU Climate working group engagement with NZECA on their ‘incubation' initiative

Guest presentation from the UN-Convened Net-Zero Export Credit Alliance (NZECA) on how they are work...
Publications
04/09/2023

State of the Industry Report 2022 Published

We have just published our annual report outlining the state of the export credit insurance industry...
BU Data
30/08/2023

Business Confidence Index Q3.23 Published

Trade credit insurance has seen a normalisation of both claims and risk appetite through the first h...
Events
31/08/2023

Finance in Common: Export credit as a mobiliser of private capital for sustainable economic development - register now!

The Berne Union is leading a side event at the 2023 Finance in Common Summit of Public Development B...
Job Vacancy
27/07/2023

Job Posting: Deputy Secretary General

The BU is hiring a Deputy to assist the Secretary General in the day-to-day business of the Secretar...
Events
17/07/2023

BU Claims & Recoveries Specialist Meeting

The event featured a wide range of insightful sessions and discussions that catered to the diverse n...
Events
14/07/2023

BU PF Specialist Meeting: Positive outlook for Project Finance despite uncertain macro environment

The PF industry is looking positive in the post-pandemic landscape and despite the uncertain macro e...
Publications
22/06/2023

June BUlletin: Claims: Controling Chaos, and Risk Versus Reality

In this edition we explore BU claims data and its relation to predicting risk since the pandemic, we...
BU Data
07/06/2023

Business Confidence Index Q2.23 Published

The tightening credit environment has seen an overall contraction in demand and ST risk appetite as ...
Member News
01/06/2023

New BU Member: EXIM Bank Malaysia

Following a presentation of their business to the Berne Union Spring Meeting in Brussels and a vote ...

Upcoming meetings

The LMA’s Export Finance Buyer Credit Facility: Overview and Upcoming Changes

Sep 28, 2023
Online
Discover insights into the LMA's Export Finance Buyer Credit Facility in the upcoming webinar on 28th of Septe...

Young Professionals Forum, 2023

Oct 4 - Oct 6, 2023
Hungary
The YP's second in-person meeting will take place in Budapest, Hungary!
REGISTRATION OPEN
Read more

SME Specialists webinar: Strengthening the Community

Oct 10, 2023
Online
Webinar for the Berne Union members on how to strengthen the (online) community on the example of SME group

Annual General Meeting Amman 2023

Oct 31 - Nov 2, 2023
Amman, Jordan
The 2023 AGM will take place from 31 October to 2 November, in Amman, Jordan
REGISTRATION OPEN
Read more

Digitalisation Specialist Meeting 2024

Mar 2024
Warsaw, Poland
The meeting will take place at the end of Q1 2024 in Warsaw, Poland, hosted by KUKE.