The number and value of trade credit insurance claims dropped in 2024. The 185 claims totalled more than US$400million and compared to the previous year that is a drop of almost 25%, or more than US$100million. Claims continued to be paid on time and data shows that trade credit insurance plays a key role in supporting global trade.
Lloyd’s Market Association (LMA), the International Underwriting Association (IUA), and the London & International Insurance Brokers’ Association (LIIBA) released the data based on a survey conducted by A2Z Risk Services.
