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16.05.2023
Despite a challenging macro-economic and geopolitical risk environment, the BU memebers are confident. The export credit insurance industry overall remains well-provisioned, with robust appetite and growing capacity for suitable risks.
BU Spring Meeting in Brussels
A global delegation of over 260, representing 74 Export Credit Agencies including OeKB, multilateral institutions and private credit insurers gathered in Brussels for the Berne Union Spring Meeting, to discuss trends in risk, underwriting and strategic priorities for the industry in complex and difficult macro-economic risk environment.
Results at a glance
- 2022 saw strong growth across business lines along with an overall reduction in claims paid. Over the year, the industry supported USD 2.83tn of cross-border trade and investment.
- According to results from a spot poll among Berne Union Members at the Spring Meeting the mood is confident. Challenges like shifting global supply chains are difficult in the short term but also present opportunities to grow business and increase resilience within key sectors.
- Overall the industry feels ready to rebuild the economies in the wake of the pandemic, to support the effective functioning of global trade as well as the green transformation.
About Berne Union (BU)
The Berne Union is the international association of export credit and investment insurers. The more than 80 members collectively provide payment risk protection equivalent to approximately 13% of annual world trade. OeKB has been a member of the BU since 1954. In the BU, OeKB represents the interests of the Austrian export industry.