Geopolitical and economic uncertainty looks set to continue into 2018, reinforcing demand for credit and political risk insurance.
The election calendar in 2018 is already looking busy. The Trump administration will face one of its biggest tests next year with mid- term elections in November, while Italian elections in May could see a Eurosceptic coalition gain power.
In Mexico and Brazil, there could also be a populist shift during scheduled general elections this year, threatening recent reforms and long-term growth.
On a positive note, economic activity is broadly increasing in emerging markets, supported by strong demand in Europe, the US and China.
However, despite an improvement in commodity prices, Russia, Brazil, Saudi Arabia, South Africa and other commodity exporters will struggle to recover.
Against this backdrop, interest in political risk and trade credit cover continues to grow.
This is being met by continued appetite from insurers in this class of business and favourable market conditions, with no tightening of capacity or pricing expected in the near term.
Credit, political and security risk tips for buyers
Don’t hold back from engaging in discussion about perceived issues, which might be preventing your business from expanding into new areas or territories.
The chances are we will be able to help as the market has never been deeper.
For further information, please contact Edward Nicholson, Senior Partner on +44 20 7528 4522 or email email@example.com