ICISA

Growth in global trade reflected in high exposure figures Increased demand for surety under soft market conditions Trade credit insurance Total premium income decreased by -3.4% to €6 billion in a competitive market Claims paid or 2016 stands at a total sum of €2.9 billion Claims ratio 2016: 48.3% (2015: 50.4%) Insured exposure increased by +2%. Total insured exposure over ... Read More »

Despite increased claims core markets remain soft due to an ongoing growth in volumes of insured business Members of the International Union of Credit and Investment Insurers (Berne Union) and the International Credit Insurance and Surety Association (ICISA) have signalled high levels of claims for 2016 in the latest joint industry member survey. Data trends suggest a peak, with claims ... Read More »

The credit (re)insurance market helps to provide a measure of corporate stability in an increasingly volatile and connected global trading environment. It is fair to say that trade credit finance oils the wheels of the global economy as it navigates to an increasingly uncertain destination. In this white paper we outline the challenges and risks facing global corporates in today’s ... Read More »

Rising claims hamper positive outlook Amsterdam / London, 30 March 2016 – Members of the Berne Union and members of the International Credit Insurance & Surety Association (ICISA) report a positive development of global trade in 2015 and expect a mixed picture for 2016. They expect growth in premium income and insured turnover. However this outlook is influenced by a ... Read More »

One of BIIA’s missions is to provide a neutral, open forum through which members, business information users, regulators, and government and public information sectors can debate and resolve common issues.  This was one of the primary reasons to invite ICISA to take part in our conference. ICISA represents one of the largest user groups for business information and was very ... Read More »

Due to overwhelming interest, registration has been closed, and all attendance has been sold out. Invitation to attend the BIIA 10th Anniversary Business Information Conference Pre-conference Workshop 09:00 – 12:30 hrs, 29th October 2015 Registration begins at 08:30 on October 29th 2015 BIIA 10th Anniversary Business Information Conference Day 1: 14:00 – 20:00 hrs, 29th October 2015 Day 2: 09:00 ... Read More »

QBE’s Group General Manager of Credit & Surety, Richard Wulff, will be relocating to Hong Kong, effective January 2016. Richard is relocating to support the Asia Pacific teams and increasing number of clients located across Asia. Richard remains responsible for the Group’s Trade Credit, Surety and Political Risk portfolios in Australia & New Zealand, Asia, Europe, North America and Latin ... Read More »

“The death of trade on open account (trade credit) has been predicted many times before ….”  Will cash in advance, FinTech lending or guaranteed e-commerce transactions replace or transform traditional trade credit transactions and trade credit insurance?   To view the entire program or to register click on this link   Read More »

The members of the International Credit Insurance & Surety Association (ICISA) re-elected Andreas Tesch, Chief Market Officer of Atradius N.V., to the position of President of ICISA for 2015 / 2016. In 2014 trade credit premiums of ICISA members increased 2.95% while insured exposure grew 11.9%. (ICISA members account for 95% of trade credit insurance worldwide) Mr. Tesch noted; “The ... Read More »

Improved global economic conditions lead to increased demand for trade credit insurance and surety Trade credit insurance Insured exposure increased by + 11,9% to € 2.21 trillion ($ 2.47 trillion) Premium increased by + 2,95% to € 6.07 billion ($ 6.79 billion) Claims decreased by -/- 1% to € 2.85 billion ($ 3.19 billion) Claims ratio 2014: 46.9% (2013: 48.8%) ... Read More »

News from our friends at ICISA – International Credit Insurance & Surety Association ICISA’s Asia Subcommittee met on Friday 27 February in Hong Kong. Over 20 delegates from twelve member companies as well as a member from the Berne Union had discussions about the Asian region from a trade credit insurance perspective. The Chair, Richard Wulff looks back on this ... Read More »

Leading risk analysis firm Russell Group Limited has written a new Trade Credit Insurance Market Overview: Inside or Outside the Risk Kaleidoscope in 2015: The Search for Granularity. Based on members’ input, ICISAs executive director Robert Nijhout was, among others, asked to share views about the industry with Russell Group Ltd. for this publication. The Trade Credit Regional Overview encompasses ... Read More »

Asia seen as top area for growth by trade credit insurance industry Asian members of the International Credit Insurance & Surety Association (ICISA), recently met in Hong Kong to discuss current market trends and the outlook for the industry in Asia. Richard Wulff, Group General Manager Credit & Surety at QBE and Chair of the Asia Committee: ”Members of ICISA see ... Read More »

Andreas Tesch, Chief Market Officer and member of the Atradius N.V. Management Board, was elected President of ICISA at the Annual Meeting in Hamburg last June. He is not a stranger to the Association as his past with ICISA goes back to 2001. In this interview he shares his views regarding the Association and his goals as President. Andreas Tesch ... Read More »

A new white paper ‘The future of Trade Credit Insurance’ is published by Russell Group Limited, a risk management software and service company, for which Robert Nijhout, Executive Director at ICISA was interviewed.   The white paper explores the current export and credit environment, supply chain disruption, global sovereign debt concerns, and the threats posed by non-payment and political risks. ... Read More »

In an exclusive interview with Global Trade Review (GTR), the new International Credit Insurance & Surety Association (ICISA) president Andreas Tesch has singled out SME finance and stronger association links as key aims moving forwards. In his first interview as president of ICISA, Tesch spoke to GTR about the association’s goals and ambitions, and also his personal view of the industry, with ... Read More »

The members of the International Credit Insurance & Surety Association (ICISA) met in Hamburg for their 72nd Annual General Meeting to share and discuss market and industry developments. The economic environment continuous to improve, but it is acknowledged that there are still risks threatening the recovery, such as lack of adequate SME financing, continued high sovereign debt levels and political ... Read More »