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Lars Kolte, President of the Berne Union, addresses the evolving landscape for Export Credit Agencies (ECAs) in a globalized world. With total business growth from $375 billion in 1990 to $1,060 billion in 2005, the challenges and opportunities for ECAs are increasing. This talk highlights the importance of innovation, specialization, and new product ranges in meeting international demands. As private insurers move into medium- to long-term risk management, ECAs must diversify and collaborate to meet market needs and support SMEs effectively.
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GLOBAL PUBLIC PLAYERS The future for ECAs Lars Kolte PRESIDENT OF THE BERNE UNION Prague 13 September 2007
Globalisation A FLAT WORLD + Open politics + Cheap transportation + Revolution in communications =Globalisation
Globalisation A FLAT WORLD + Open politics + Cheap transportation + Revolution in communications =Globalisation
TOTAL BU BUSINESS 1990: $ 375 bn TOTAL BU BUSINESS 2005: $ 1060 bn
Private/Public DIVISION OF LABOUR PUBLIC ECAs MLT Complexity and risk PRIVATE INSURERSMass marketsEconomies of scale
Private/Public CROSS-OVER PUBLIC ECAs Diversify risk More commercial structures PRIVATE INSURERSMove into MLTMore risk willing
New ECAs Meeting the challenges • New product ranges • Increasing specialisation • Inter-National content
New ECAs Future possibilities • Paving the way for innovation in trade • Reinsurance with privates • Front line products
EGAP A Business Frontrunner • Advances product portfolio • Globalised national content requirements • Customer oriented – tailoring to meet needs • Targeting SMEs
EGAP A Respected Partner • Official Berne Union Member since 1998 • Official OECD Participants Member since 2001 • EU member since 2004