Business Confidence Index Q4.22
Business Confidence Survey shows heightened geopolitical risk is driving growing demand for export credit insurance but underwriters remain cautious in response to visibly growing levels of insolvency globally
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.