Aon - credit insurance market grows as volatility increases

The credit insurance market continues to grow as volatility increases, according to a new report by Aon. Uncertainty around global affairs such as the trade tensions between the US and China and Brexit mean businesses – especially those looking to expand through international trade – are facing increased volatility, according to Aon. Changing purchasing behavior, increasing consumer expectations and digital transformation are also adding to the disruption. Businesses have to manage this uncertainty while continuing to invest in new sources of growth, putting increased pressure on balance sheets. Meanwhile, banks are reducing their exposure to corporate credit and trying to de-risk their own balance sheets, Aon said.