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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
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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