Economic Impact of Trade Credit Insurance

Trade credit insurance (TCI), credit and political risk insurance (CPRI), and surety play a critical role in global economic stability and growth. By protecting businesses against non-payment risks and political uncertainties, these financial tools support trillions of Euros in trade and obligations each year.

Trade credit insurance and surety solutions empower companies to operate with confidence, secure financing, and manage risk effectively. This, in turn, drives job creation, investment, and resilient supply chains, benefiting economies worldwide.

At ICISA, we highlight the economic impact of trade credit insurance, CPRI, and surety, and work to ensure our industry continues to contribute to broader societal and economic goals. Our focus areas include:

State Aid and Fair Competition

Government interventions can reshape markets. ICISA monitors state aid and regulatory developments to ensure that public measures complement private sector capacity without undermining competition. We advocate for fair treatment of trade credit insurance and surety products compared to alternatives offered by banks and other financial institutions, including:

• Equal recognition of surety bonds and bank guarantees
• Consistent regulation across jurisdictions
• Transparent and balanced capital treatment and product acceptance

Through this advocacy, ICISA ensures the economic contributions of TCI, CPRI, and surety are recognized and supported globally.

Business Environment and Regulatory Engagement

ICISA actively engages with regulators and policymakers to shape the business environment for our members. Key areas of focus include:

• Trade policy and cross-border commerce
• Payment and financial transaction regulations
• Insolvency rules and credit risk frameworks
• Reporting, disclosure standards, and corporate transparency
• GDPR and responsible data use in financial services
• Other regulatory initiatives affecting insurers, policyholders, and market stability

By engaging on these issues, ICISA helps create a favorable business environment for trade credit insurance and ensures that our members can continue to support businesses and economies effectively.