European trade credit insurance market turns corner in 2010, according to Marsh
New insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, according to Marsh.
The broker noted that following two extremely challenging years its latest data for 2010 shows trade credit insurance rates are reducing in France, Germany, Italy and the United Kingdom. The company added that rates are stable or experiencing minimal increases in Belgium, Denmark, Portugal and The Netherlands; and localised increases are being recorded in Greece, Portugal and Spain.
Marsh concluded that trade credit cover is also becoming easier to procure, with insurers no longer taking
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