Credit & surety

Premium in the line, its weight in each market, growth, the leader and the market's ratios after reinsurance (gross, marked, where insurers with half the line's premium give no net figures). Ratios marked ≈ are approximate and leave out expenses. Top three = the three largest insurers' share of the line. Select a heading to sort.

Short notes on credit & surety in the region, in Polisa's words, each with its source and date. Updated 20 Oct 2026.

• Bulgaria's surge. Credit and surety premium in Bulgaria rose 54% in 2025 to €148m, a fifth of the region's €739m; Poland remains the largest market at €344m.

  Polisa figures · FY 2025

• Recoveries outweigh claims in Croatia. Croatia's credit and surety loss ratio has been negative every year since 2021, as recoveries and released reserves exceeded new claims.

  Polisa figures · FY 2021–2025

• CEE insolvencies flat, with wide gaps. Coface counted 46,161 insolvencies in Central and Eastern Europe in 2025 (+0.3%): up 17.8% in Poland and 8.7% in Czechia, down 18.6% in Croatia; it expects a rise in 2026.

  Bursa.ro (Coface study) · 22 Apr 2026

• Global insolvencies seen up 6% in 2026. Allianz Trade expects another 6% rise after a similar one in 2025; a prolonged Middle East escalation could push it to 10%.

  Allianz Trade · 22 Apr 2026

• Polish trade credit cover worth a quarter of GDP. Trade credit insurers covered PLN 924bn of receivables in 2025, 24.5% of GDP, on flat premiums of PLN 949m; claims paid fell 4%.

  PIU · 15 Apr 2026

Share of line = the insurer's share of this line in its own market. Ratios after reinsurance (net claims and expenses over net earned premium, S.05.01) where the insurer gives them, else gross, marked; lines under €1m earned are left out. Green below 95%, amber 95–100%, red above 100%.