Europe, Middle East, Africa Trade Credit Market Update Trade Credit Market Update
Though the economic outlook for the region is improving, insolvency is expected to rise in some countries.
The projected insolvency trend compiled by underwriters suggests an overall 8% reduction in insolvency levels during 2014, relative to 2013
Business confidence is improving across the Europe, Middle East and Africa (EMEA) region as the general economy recovers. Growth levels are disparate, however, with the pace being fastest in Western Europe and those stable and active markets in the Middle East.
Despite these positive economic indicators, the period of economic growth post-recession is historically the most likely time for some businesses to overtrade, and is therefore the time when they need to place even greater scrutiny on their customers.
This briefing from our UK Trade Credit Practice analyzes premium rates, coverage availability, and claims for trade credit insurance at the beginning of 2014, considering them in relation to historic experiences, and provides an outlook for the next 12 to 18 months.
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