Articles & Video
Underwriting Swaps: Should You Insure Derivatives?
In this article, I begin with a brief introduction about swaps, and go on to present a premise that (i) market risk can be used to one’s advantage to mitigate and manage the overall risk being taken on a swap transaction, and (ii) insuring swaps at the right price levels can be a win-win proposition for both insurers and banks.
Is the emerging-market FX turmoil finally behind us?
Last year witnessed a great deal of instability in foreign exchange markets, epitomized by sharp depreciation of the Turkish lira and Argentine peso.
Standard Chartered’s Insurance Plans for 2019
We spoke to Gary Lowe - Standard Chartered’ s top credit insurance manager – to discuss what they have planned for 2019 as well as the surprises of 2018.
“I think that’s opportunity for insurers as much as it is for us as we will be asking them to support us in areas like repos, real estate, securitisation or different types of sovereign business… I hope that what is a challenge could potentially be an opportunity for us all.”
CPRI in 2019: The Year of Resilience?
Between 2015 and 2018, credit and political risk insurance (CPRI) saw a 30% increase in both capacity and tenors. Figures for 2019, on the other hand, show more modest growth in overall CPRI capacity and a small decline in credit capacity. But as James Esdaile, Managing Director, BPL Global, explains, these headline numbers only tell half the story of where supply and demand for CPRI currently stand.
UniCredit’s Global Head of Export Credit Talks Trends, Challenges and New Tech in 2019
How is UniCredit adopting new tech? What are the key challenges for export credit in 2019? How can these be overcome? Watch our interview with Eriks Atvars, Global Head of Export Credit at UniCredit, to find out.
How to survive in the world of trade credit marketplaces
Technological advances in recent years and the availability of ever-more connected services have given rise to new forms of customer engagement, and the trade finance space is not immune to the changes.
Financial Guarantees: The Berne Union Perspective
We sit down with Vinco David, Secretary General of the Berne Union, to discuss the issues facing his member. Are regulators giving insurance due credit? How will Brexit impact trade? What does the future hold for the Berne Union? Watch Dr. Simone Krummaker interview him and found out.
Opportunity in Crisis: Interview with Robert Frank
Find out how Gerald Group’s veteran risk mitigator is steering his company through turbulent times.
Regulating the Regulators: Why Insurance-Bank Cooperation is Crucial
ITFA’s response to the hotly debated PRA Consultation Paper highlighted two things. Firstly, insurers and banks are in fact able to fight together to defend their common interests. Secondly, given the potential ramifications of PRA Paper 6/18, it has also shown a great need for them to close ranks.
How to Grow Exports Regardless of Brexit
At the time of writing there is still no clear direction on Brexit, including continued confusion on whether there will even be a Brexit. Whatever the outcome, there is one thing we can be clear on: UK businesses need to export more.
Finding opportunity in 2019
Perceptions that geopolitical risks are rising and that global financial markets are approaching a cyclical peak, are making global multinationals (MNCs) and investors more risk averse as they look towards 2019 and beyond. The US trade dispute with China, Russia sanctions, volatile oil prices, and continued political uncertainty across all market support a risk-focused narrative that is likely to lead to a period of lower foreign direct investment, and lower returns on investment.
Credit & Political Risk Claims Payment Overview, 1997-2017
At the 20-year mark, Zurich’s Credit & Political Risk program has surpassed $934 million in paid claims to our business customers. While that sum attests to Zurich’s strength as a global market leader in this space, it does not suggest that the world has grown safer since our last claims update in 2015.
Does CPRI live up to its claims?
In insurance, the best evidence of product effectiveness is provided by claims history. In this respect, BPL Global has settled over 400 claims worth in excess of US$2.3 billion. Our claims statistics – tracing back to 1983 and covering hundreds of transactions – give us unrivalled historical data, demonstrating not only our claims handling ability but also the performance of the CPRI market in general.
Protectionism heating up political and credit risks
Populism and protectionism, which created ripples in global trade in the past year, have become a strong current. Foreign policy shifts, especially from the United States, are continuing to influence political risks and credit.