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Report

Credit Specialties market update: Q3 2023

The latest market update provides insights to support risk allocation and management strategies to help businesses to grow in the current global environment.
Expressway top view, Road traffic an important infrastructure

The latest market update provides insights to support risk allocation and management strategies to help businesses to grow in the current global environment.

It considers the changing risk landscape and the insurance market response across trade credit, surety, structured credit, and political risk. While several factors are expected to challenge businesses as they prepare for the year ahead, there are signs of resilience in the global economy that are likely to generate demand.

Key takeaways:

  • In general, recent economic reality has consistently outperformed market expectations.
  • However, the prospects for emerging markets are more volatile, with weak demand from advanced economies likely to impact export-dependent countries.
  • As the 2024 election cycle gets underway, some of the world’s largest democracies will vote in elections that could impact global trade, defence alliances, and overall political stability.
  • Despite an uncertain outlook, demand for trade credit insurance remains strong, while the surety market has maintained substantial capacity and provided stable pricing. Overall, political risk and structured credit insurers adapted throughout a volatile year and insurers’ risk appetite has not waned.

For a more detailed analysis of the market conditions and how they may impact your business, download the report in full. 

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. 
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