WIFI: IOD-FUNCTIONSNO PASSWORD NEEDED

WIFI: IOD-FUNCTIONSNO PASSWORD NEEDED

Chairperson’s opening remarksWelcome to TXF Political Risk & Trade Credit Insurance 2018

Katharine MortonHead of Trade, Treasury & Risk

TXF

Live audience surveyYour views on the market

Dominik KloiberCo-Founder

TXF

Katharine MortonHead of Trade, Treasury & Risk

TXF

Q1. Is this your first TXF conference?

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1. Yes

2. No

Q2. Who are you?

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1. Corporate (including commodity traders)

2. Financier

3. Insurance Underwriter

4. Insurance Broker

5. ECA

6. Legal

7. Other

Q3. How has 2018 been for your business?

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1. It’s been a great year and I’m positive heading into 2019

2. It’s been OK and I’m positive 2019 will be a good year

3. It’s been OK but I fear 2019 could be a tough year

4. It’s been awful

Q4. What is your biggest business concern going forward?

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1. Regulatory pressures

2. Geopolitical turbulence

3. Economic uncertainty

4. Increasing competition

5. External threats (e.g. cybercrime)

Q5. Insurance buyers: How do you choose your favourite insurance provider?

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1. Branding/reputation

2. A smooth claims experience

3. A broader B2B relationship with other classes of insurance

4. Personal connections at an individual level

5. A recurrent commercial proposition that matches your need

6. The rating of the issuer

Q6. Insurance buyers only: What is the most challenging aspect of working with the private insurance market?

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1. Nothing. It’s perfect

2. There are too many insurers, it’s confusing

3. I cannot find what I’m looking for

4. There is no consistency/predictability in the offering

5. The market is too opaque

Q7. What does the future hold for the Lloyds market?

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1. Digital platforms and foreign competitors will impact its market share

2. There will be no significant changes

3. It will be forced to evolve and will go from strength to strength

4. It doesn’t look great

Q8. Insurance buyers: Has the PRA consultation paper changed the way you mitigate your trade credit risks?

00:001. No, not at all

2. Yes: decrease in purchase of insurance cover to the profit of other risk mitigation tools

3. Yes: general decrease of purchase of trade credit risk cover

Q9. Insurance buyers: What would you like to be more transparent?

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1. Underwriting and decision processes

2. Cover range availability (product, tenor, capacity…)

3. Risk appetite

4. Claims management

Q10. Are you already looking into the impacts that Basel IV might have on unfunded risk mitigation cover?

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1. Yes, and we have already taken action to adapt to the new regulation

2. Yes, and we are trying to get our views heard

3. No, but we are aware there might be changes

4. No, I heard for the first time there might be an impact on risk mitigation