KANSAS CITY, Mo., Oct. 20, 2011 /PRNewswire/ -- A new Lockton report on the trade credit insurance market says that the dynamics of trade credit provide a barometer for the broader economy.
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In the report, Lockton's Nadine Moore, a leading expert on trade credit insurance, writes that the market continues to favor buyers.
"The insurers have shown a ravenous appetite for new premium resulting in soft pricing that favors buyers during 2011," Moore says. "As we move into the final stretch of this year, the markets are once again reviewing the risks on their books with an eye to proactively managing exposures."
Moore's report says that trade credit underwriters have solid balance sheets to weather an economic downturn. She adds that trade credit insurers have pulled back in troubled areas like Greece. "It is not too far off to assume that as the contagion spreads to Italy and Spain, so will the lack of coverage on buyers in those countries."
Moore's full commentary, including practical steps to protect cash flow through trade credit insurance, is available free from Lockton at http://www.lockton.com/Insights-And-Publications/White-Papers/Economic-Barometer-Trade-Credit-Market-Reflects-Challenges.
About Lockton
More than 4,100 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, Lockton has grown to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies. For three consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." More information on Lockton is at www.lockton.com.
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