Monday, February 26, 2024

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Premium increases and looming recession poses trade credit question for captives

  • Pandemic contributed to a volatile trade credit market in recent years
  • Expectation rates will rise further, insurers could become more selective
  • Captives could have role to play, but cautious approach advised

The number of captives writing trade credit insurance looks set to increase as the current global economic environment worsens, sources have told Captive Intelligence.

“With the pressure on cost that inflation puts on companies, every expense is being looked at twice,” Fabien Conderanne, head of financial institutions, Europe at WTW, said.

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