Business Confidence Index Q3.21
The latest BCI research confirms a steady improvement in both demand and risk appetite during the first half of 2021, while emerging claims have remained low. For the first time this year, paid claims are expected to fall in the coming quarter
With global merchandise trade continuing to grow beyond its pre-pandemic levels and global foreign direct investments finally showing signs of recovery, it is no surprise that demand for export credit insurance increased in the second quarter of 2021.
Despite a diverging trend in emerging claims across different product lines, insurers are increasing their risk appetite in line with positive economic forecasts and a healthy pipeline of projects in development. Growth in the third quarter may be more subdued as expected levels of demand attenuate.