Analysis: Covid-19's sting in the tail for trade credit and political risks insurers
Trade credit and the political risks class were among those with the greatest Covid-19 predicted insured losses, ranking behind only hard-hit areas such as business interruption and contingency, in a scenario analysis published by Willis Towers Watson in May. Industry insiders told Post the worst will follow.
WTW’s report predicted that the London credit insurance market faces losses of $1.6bn (£1.28bn) to $4bn in the event of a six-month lockdown and losses of $2bn to $5.2bn in the case of a yearlong
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