ICISA

Andreas Tesch re-elected President of ICISA

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 »

Trade Credit Insurance Demand on the Increase

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 »

“Asia is a big country” – A Credit Insurance Perspective

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 »

Trade Credit Insurance:  Russell Group Ltd Publishes White Paper on Important Indicators

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 »

Trade Credit Insurance in Asia Seen as Top Area for Growth

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 »

ICISA President Tesch on Growth and Dialogue

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 »

‘The Future of Trade Credit and Surety Insurance’

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 »

Andreas Tesch, the New President of ICISA Targets SME Sector

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 »

Credit Insurance: Trade Environment Improved, but Certain Risks Threat to Recovery

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 »

Trade Credit Insurers Report New Business Growth in 2013 – Industry still Concerned about Fragile Recovery

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 ... Read More »

Risk Climate: Credit Insurance Industry Expresses Positive Outlook for 2014

The members of the International Credit Insurance & Surety Association (ICISA) reported member new business growth in 2013 was negatively influenced by the ongoing economic and political conditions in parts of the world.  ICISA members however expect an overall positive growth outlook for 2014. The claims picture in 2013 differs per country with average claims size decreasing in Western Europe, ... Read More »

Credit Insurance Rebounds as Companies Seek To Lay Off Risk in Uncertain Times

‘In times of increasing insolvencies, more companies value trade credit insurance as effective management and risk control tools’ ‘Pre-qualification vetting of contractors reduces project disruptions and saves costs for surety bond beneficiaries’ Trade credit insurance insured exposure increased by 4.4% to € 1.92 trillion (2011: € 1.84 trillion) Premium increased by 3% to € 6.14 billion (2011: € 5.96 billion) ... Read More »

Credit Insurance: ICISA OUTLOOK 2012

Members are Concerned about Deteriorating Trade Environment in Europe, U.S.A and in Latin America:  Surge in Demand for Credit Insurance in Asia and in Latin America Members of ICISA (International Credit Insurance and Surety Association) express concern about a possible further deterioration of the business environment brought on by sovereign debt, in particular in the European Union, the USA and Japan, ... Read More »