Trade credit insurance members state that the market is characterized by strong competition and new business growth in 2013. This however is negatively influenced by the ongoing economic and political conditions in part of the world.
The claims picture in 2013 differs per country with average claims size decreasing in Western Europe, Spain and Portugal. Claims frequency increased in the Nordic region, Germany, Latin America and the NAFTA region. In other markets the number of claims was less intensive. The level of insolvencies in some key markets is high and claims are expected to rise as a result.
