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The International Credit Insurance & Surety Association (ICISA) met in Athens for the ICISA Spring Meetings 2015. Members were upbeat about the current market conditions and global outlook, with a stable claims environment and growth in demand. However, the claims picture for China is less favourable.
The recent amendments in the National Credit Act (NCA) will make it more difficult for consumers to turn to unsecured lenders when short on cash. With stricter structures for affordability assessments by lenders being put in place, it has never been more important for South Africans to maintain a good credit standing – however, a worrying amount of South Africans are currently unaware of the state of their own personal credit profile.
Slower growth and increase in non-performing loans expected in 2015.
International credit insurer Coface has downgraded China’s country risk rating from A3 to A3 negative watch.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?