Insights from Export Credit Agency leaders on facilitating global trade through reinsurance
Export Credit Agencies (ECAs) and Export Import Banks (EXIMs) play a critical role in supporting and enabling their country’s foreign trade and foreign direct investment (FDI). In fact, together with private market actors, ECAs and EXIMs (of which there are over 85 across the world) they provided approximately USD 2.5 Trillion of payment risk protection to banks, exporters and investors in 2023. This is equivalent to 13% of world cross border trade for goods and services.
ECAs have recently seen their mandates evolve due to geopolitical shifts and the realignment of global economic governance. This evolution also aims to better align with domestic and international efforts in climate change and digital transformation. Reinsurance plays a crucial role in supporting this increased focus on sustainable growth by reducing uncertainty and providing additional risk capital.
Learn more about how Swiss Re is supporting export credit agencies in international trade: https://www.swissre.com/our-business/...
Swiss Re
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.
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