(Global Tade Review, London, 30 March 2016) A survey by members of the Berne Union and of the International Credit Insurance and Surety Association (ICISA) expect a mixed 2016 for trade credit insurance, with growth in premium income and insured turnover, but increases in claims and insolvencies in almost all regions… The joint survey was also an opportunity to highlight the increased co-operation between government-backed ECAs and the private sector… Kai Preugschat, secretary general of the Berne Union, explains: “We see increased co-operation between ECAs and private insurers, often with private members reinsuring ECAs. Private insurers have the advantage of the untied nature of their products, whereas ECAs are tied to the specific rules of their respective mandates.
