Due to continuing volatility, it is critical for businesses to be alert to the specific trends that may affect their ability to trade and/or access finance.
The outlook for the global economy remains under a close negative-watch and as credit conditions tighten, liquidity will be harder to come-by, leading to higher levels of business failures and possible domino effects through contagion. As anticipated, global trade credit carriers are reporting increased claims ratios so far in 2023. Carrier appetite has remained healthy with total potential exposure levels in the market remaining at historic highs. As the year plays out, we might expect credit insurance pricing and capacity to adapt quickly to the economic cycle, as insolvencies and associated covered claims accelerate.
Aon’s Global Credit Solutions Market Insights reports aim to help decision makers navigate credit risks and credit insurance market dynamics. Our Q3 2023 edition considers the evolution of the global credit insurance market so far this year and highlights some of the key trends for the remainder of 2023.
Explore the report for our latest insights:
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- Lending and trading under turbulence
- Credit insurance market dynamics and credit limit approval rates
- Spotlight on Financial Institutions and the specific needs of Japanese conglomerates
- Future trends and key considerations