Credit insurers prosper as tech investment increases
Saturday, 04 21 2018, Category: Insurance and Reinsurance, Country: World
Moody’s Investors Service has reported that the global credit insurance sector is currently benefitting from a supportive economic environment and new technologically-driven capabilities.
Underwriting profitability for the credit sector has been strong since the financial crash, and the average combined ratio of the three leading insurers, Atradius Credito y Caucion S.A., Compagnie Francaise d’Assurance pour le Comm., and Euler Hermes SA are well above their long-term average.
Moody’s found that the moderate growth and low inflation of the current economic climate is limiting corporate insolvencies and that, whilst these credit insurers are exposed to changes in the economic and credit cycle, their strong capital levels make them resilient to stress scenarios.