Berne Union Reports

Berne Union members report data on their export credit and investment business twice annually - at half year and year end. Aggregate statistics are released following our annual Spring Meeting (around May), and AGM (October).

In addition to business trends we publish research and reports on industry developments as these arise.

Business Confidence Index Q2.22

24 May 2022

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. 

Business Confidence Index Q1.22


Growing appetite for climate-related investments and social infrastructure boosts MLT capacity at the beginning of 2022, amid generally positive expectations for trade activity, despite some dampening from inflation, and increasing costs of energy especially

Business Confidence Index Q4.21


2021 looks set to end on a high, with a predicted upsurge in demand for cover matched by continued strong risk appetite among underwriters. A moderate anticipated rise in claims may meanwhile presage a smooth normalisation beyond the low COVID-baseline

Notwithstanding some emerging headw...

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 ...

2020 State of the Industry Report


Despite the huge disruption, uncertainty and heightened risk environment inflicted by the COVID-19 pandemic, the export credit insurance industry fared relatively well in 2020 and overall new business increased despite a sharp contraction in economic activity, while defaults and claims have so far remained manageable.

However, there are s...

Business Confidence Index Q2.21


Continuing the trend established through the end of 2020: while risk appetite remains high, insurers continue preparing for rising claims in the coming months

The export credit and investment insurance industry experienced an overall positive start to 2021 with reports from the first quarte...

Business Confidence Index Q1.21


First of a new report and index tracking perceived demand, risk appetite and claims in export credit insurance

The Berne Union Business Confidence Index is based on quarterly survey snapshots of our Members' assessment of their current and imminent business situation.

In line with ...

Credit Insurance and its role in supporting global trade


Credit insurance provides a bridge between finance, trade and the real economy, acting as a catalyst for cross-border investment and economic growth

This report presents case studies and examples which illustrate the purpose, function and impact of credit insurance in delivering industrial and economic development as well ...

2019 State of the Industry Report


State of the Export Credit Insurance Industry: 2019 YE 

• Pre-COVID benchmark and stocktake on developments in the first half of 2020
• Comprehensive review of Berne Union industry data in 2019
• Commitments outstanding across all product lines
• Trends in new busine...

Export Credit Insurance Industry Response to COVID-19


Robust response to the COVID-19 pandemic from the export credit insurance industry

All sides of the market have acted swiftly in response to the crisis, introducing measures to combat the negative economic impact of the pandemic by supporting exporters and facilitating access to finance.

This preliminary report outli...

Industry Report 2019 H1


Business trends and statistics from the export credit and investment insurance industry for the first half of 2019

Data for the first half of 2019 confirms a challenging trade environment. Insurers reported a declining volume of new commitments alongside a 21% increase in claims paid, ci...

Industry Report 2018 YE