Specialist credit and political risk insurance (CPRI) broker, BPL Global, has today published its annual Market Insight report revealing that the oil, mining, metals and extractive industries continue to make up the largest proportion of demand for CPRI coverage.
Around a third of all BPL Global’s 2019 enquiries related to these sectors – of which around half were bank-financed deals.
Commenting on the findings, Sian Aspinall, Managing Director, BPL Global, says: “With many insurers now closed to any coal-related risk, and enquiries for renewables increasing, it will be interesting to see how this trend develops over the next few years. Certainly, we can expect the CPRI market to continue to diversify into new areas over the medium-to-long term.”
