At a glance
- From the insurers’ side, what is important is keeping the banks involved and committed in the process, as they have crucial customers’ insights that insurers do not
- The key credit risk issues we are currently seeing in the market concern global growth. While remaining robust, the market is showing increasing signs of uncertainty
- Insurers have an important role to play because they possess extensive knowledge of risk, such as in-depth knowledge of country risk around the world or in specific industries
Alessandro Castellano is Global Head of Credit Lines (political risk, trade credit and surety) in Zurich Commercial Insurance.
In this Q&A he outlines the key issues surrounding credit risk facing banks and other financial institutions in 2018. He also discusses stricter regulatory capital constraints, the impact of the Basel III capital rules on financial institutions and the main challenges around arranging credit risk insurance when assessing appropriate coverage.
Click here to read the full Q&A, One-on-one: Credit risk in 2018.
To find out more, speak to your usual Zurich contact