Business
It is estimated that some EUR600bn of support to real economy businesses is provided by the credit risk insurance market, according to a recent survey by ITFA. Credit insurance is crucial in facilitating bank lending and in supporting trade flows. Trade credit insurance cover is largely used to provide capital relief - i.e., non-payment credit risk insurance, surety and risk participations. COVID-19 has certainly changed the behaviour of underwriters, and we wanted to find out where the CPRI market might be headed in a post-pandemic world. TFG are proud media partners of TXF Commodities Virtual 2020, a two-part virtual and physical event in May and November 2020, where we will be joined by experts from across the commodity finance sector, which is currently facing unprecedented challenges.