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Trade credit insurance claims stabilize partly

Posted On: Nov. 17, 2022 9:21 AM CST

Trade credit

A report by the Berne Union, a U.K.-based international association of export credit insurers, said that claims paid by public and private trade credit insurers partly stabilized in the first half of the year after record-high payouts in 2021, Global Trade Review reported. Short-term claims dropped 10% year-on-year to $900 million, while medium and long-term claims dropped 4% to nearly $2 billion in the first half of the year.