January 2023 Update on Trade Credit Insurance Market

China is opening up which is Good News.

The Credit Insurance markets globally and locally are expecting 2023 to have a material increase in insolvencies and hence Credit Insurance Claims:

The triggers are 5 fold.

  1. Government Stimulus has ended and been used up.
  2. Margins are tigher than ever.
  3. Inflation will follow through to all sectors.
  4. Tax departments are closing in on their debts.
  5. A lack of skilled workforce available.

Credit Insurance Pricing and Structures are key for the next few years.Make sure you policy is woking for you ie have you got the best NICHE policy in place.

For further information on how to protect yourself e-mail service@nichetc.com or call 02 9416 0670

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