The BU is hiring a Deputy to assist in the day-to-day business of the Secretariat - see post for more details

Trade credit insurance has seen a normalisation of both claims and risk appetite through the first half of the year. The industry is maintaining capacity for MLT risks while remaining cautious around the impact of sovereign defaults and geopolitical hot spots.

Over the past several years, the world has experienced a series of huge economic trade shocks, starting with the pandemic, and transitioning and intertwining with further challenges such as the energy crisis and war in Ukraine.  Sector and regional changes emerged and you can see the impact of these on the industry explored in our report.  Meanwhile, private insurers increased their capacity significantly and public members deployed a wider array of products.

New informational report outlining the function and impact of credit insurance in delivering economic and development impact

US$ 2.6 trillion of payment risk protection provided by Berne Union members in 2021