Market capacity for credit and political risk insurance (CPRI) has grown by 30% since 2015 according to the first ever Market Insight report released by BPL Global, marking its 35th year as the leading CPRI broker.
Based on market statistics and BPL Global’s own portfolio, the report provides an analysis of the CPRI market’s capabilities, current worldwide risk exposures and a claims update, focusing in particular on claims activity since the global financial crisis.
“Our report shines a spotlight on the fact that appetite for the CPRI class is on an upwards trajectory – both in terms of capacity and tenors” says Sian Aspinall, Managing Director, BPL Global. “Furthermore, analysis of market data clearly shows that it is adapting its capabilities to match natural return on investment for areas such as project finance structures, providing coverage for up to 25 years. Also notable is the jump in capacity for non-trade related credit insurance to over US$1.5bn per risk – an area previously constrained by Lloyd’s regulatory requirements.”
Following outreach from Moorgate, the report was covered by: TXF, Insurance Insider, Asia Insurance Post, Insurance Shark, Strategic Risk Europe, Business Insurance, Insurance Insider (2), Luther Pendragon, Commercial Risk Europe, Corporate Risk & Insurance, Global Trade, Credit Insurance News and The Treasurer.
To download a copy of the full report, please click here.