A ‘crisis’ doesn’t mean that the CPRI market withdraws and ECAs step in – far from it! The CPRI

market continues to write long-term, non-cancellable limits. ECAs do not represent the be all and

end all of insurance in the export finance market: the private market offers a wealth of opportunity for cover. Our leaders from the CPRI space consider:

• Covid-19 hasn’t proven to be a catastrophe for this market. Why is this, and what types of business is CPRI executing?
• Has the market seen an increase in claims given the crisis and, if so, how is it managing the demand?
• Is it now even more important than before for ECA and CPRI cover to be considered alongside each other?
• The Covid crisis has not prevented the CPRI market from executing new business – far from it. We examine the latest figures on enquiry levels, NBIs and policy closings from this year compared to last.

Tim Warren

Head of Credit Lines | Asia Pacific, Zurich

Peter Gilbert

Director, BPL Global

Chris Sawyer

Liberty Specialty Markets

Moderator

Patrick Sheriff

Underwriter, Chaucer

Underwriters and brokers are pitted against each other to share the latest outlook for the CPRI market in light of recent retractions in private market capacity due to Covid-19:

The pandemic is having an impact on the CPRI market in terms of appetite and capacity. How and where (countries and sectors) have underwriting opportunities been hit? Surveys say more than two thirds of insurers have reduced their credit income forecasts. Why? Is new established minimum criteria making it more difficult to take on new risk and will that increase risk premiums and pricing, cut line sizes and indemnity levels? While appetite has been adjusted for future books what is the outlook on current concerns and claims in the portfolio? What has been the effect of ECAs and alternative providers stepping in to fill gaps in private market cover – is it a long term trend? How will PRI providers seek to diversify and write new business – and will that affect cover in Africa? The greening of private insurance is also working in tandem with the crisis; what impacts are being seen on insurers and reinsurers? This session explores this and the future of new entrants and products amid a rapidly changing backdrop.

Andrew Underwood

Chief Underwriting Officer - Specialty, UK & Lloyd’s, AXA XL

Rachael Anstock

Head of UK Credit Lines, Zurich

James Esdaile

Managing Director, BPL Global

Huw Owen

Head of London Markets - Global Financial Risk, Liberty Specialty Markets

Moderator

Katharine Morton

Head of Trade, Treasury and Risk, TXF