Time is quickly running out to obtain favorably priced and widely available trade credit insurance in Asia, said Marsh insurance brokerage.
“Trade credit insurance across Asia is in a much healthier position compared to Europe and the U.S., with relatively low prices and good availability of cover from local underwriters,” said Richard Green, head of Marsh's trade credit and political risk practice in Asia, in a statement.
“However, we see the market tightening with rates increasing and capacity shrinking in the fourth quarter of this year. This means businesses should secure their trade credit cover sooner rather than later,” he said.
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