In 2024, businesses are driving high demand for risk transfer solutions amid geopolitical and macroeconomic uncertainty.
Despite ongoing geopolitical volatility and macroeconomic uncertainty, businesses that can manage risk effectively are continuing to benefit from substantial global growth opportunities.
In the first half of 2024, businesses have navigated various global macroeconomic and political challenges, however businesses’ resiliency may be further tested in the months to come. For example, the US presidential election, arguably this year’s most consequential election, takes place in November; uncertainty persists around monetary policy decisions; and insolvency rates are expected to stay above recent historical averages into 2025.
Despite the multifaceted risk landscape, the credit and political risk insurance market remains robust, helping agile businesses navigate today’s wide-ranging risks and pursue growth opportunities in the coming years, such as critical minerals demand and government investment in infrastructure and green technology.
Our latest Market Update provides insights to support risk allocation and management strategies to enable business growth. It considers the changing risk landscape and the insurance market response across trade credit, surety, structured credit, and political risk.
Macroeconomic themes impacting businesses
In 2024 and into 2025, we see four macroeconomic themes that will likely shape the operating and investment environment. Understanding this backdrop will be imperative for businesses to address potential credit, supply chain, and business interruption challenges and realise growth opportunities.
