Credendo hosted the Berne Union Spring Meeting in Brussels

Credendo had the pleasure to host the Berne Union Spring Meeting in Brussels from 8 to 11 May. The Berne Union is the leading global association for the export credit and investment insurance industry.

The  main lesson learned from that week of meetings is that export credit is well-positioned to adapt and innovate as we enter a new era of risks in the wake of the pandemic and war in Ukraine. The theme of this year was ‘Reconstruction’ in reference to the rebuilding and reimagining of our economies. An edition and a theme that met significant success since a global delegation of over 260 multilateral institutions, representing 74 export credit agencies, and private credit insurers gathered in Brussels to discuss trends in risk, underwriting and strategic priorities for the industry in a complex and difficult macroeconomic risk environment.

“In the wake of the pandemic and the multiple crises the world is currently facing, our export credit and investment insurance industry is acknowledging its role and responsibility to deliver innovative responses to reassure markets and stabilise trade and export flows. We are also placing environmental, social and governance (ESG) standards at the very heart of our strategy”, said Dirk Terweduwe, CEO of Credendo.

The main trend is to ‘adapt and innovate’, with Berne Union members exploring new approaches to products tailored to new risks across different regions and client segments to help close financing gaps. The industry is well-positioned to support economic stability and energy security, while playing a pivotal role in terms of energy transition and climate change adaptation.