High claims payments continue in the first half of 2018, and we appear set for a 4th consecutive year of > US$ 6 bn for the full year
We are in a busy environment for risks, and for many of these downside impact is as unpredictable as the outcome. Despite this, Berne Union Members’ business is in a relatively stable position.
Over the past 18 months we have seen a return to growth in MLT business and a maintenance in volumes of new business in most areas. Claims are still relatively high across members and business lines, but these seem to have plateaued into a kind of new normal, and appear to be manageable. The key to stable growth seems to be maintaining confidence in the sustainability of global trade and value chains.