Poor payment practices in roofing and cladding worsen. The National Federation of Roofing Contractors (NFRC) is calling for harsher penalties for late payments which go beyond the Fair Payment Code and new duties to report (see Resources below). NFRC's latest State of the Roofing Industry report has revealed that the proportion of those not paid within 45 days of a job's completion rose to 39% in Q3 — up from 29% in Q2. While the NFRC was encouraged by the launch of the new Fair Payment Code, its CEO, James Talman, said the government will have to go "much further" than a voluntary code and badges to combat endemic late payments that unfairly benefit those who exploit agreed terms. To read the NFRC's press release, go to https://www.nfrc.co.uk/resource/poor-payment-practices-in-roofing-and-cladding-worsen.html.

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Atradius identifies a 10% year-on-year decline in payment defaults in November but warns that tough times lie ahead. According to Insurance Business, Atradius' research has identified a 10% year-on-year decline in payment defaults in November, with the finance sector seeing the largest decrease — down by 75% — and the transport sector seeing a 39% decline in defaults. However, the food sector continues to struggle, with payment defaults up 107%, and the chemicals sector also experienced a 50% rise in claims. Atradius advises UK businesses to prepare for a tough first quarter in 2025, emphasising the importance of trade credit insurance and adopting sustainable practices to navigate the uncertain economic environment. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/uk/news/breaking-news/whats-the-prognosis-for-uk-businesses-going-into-2025--atradius-report-517972.aspx.​

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The number of UK retailers in critical financial distress has surged by more than 25%. City A.M. has reported that the number of UK retailers in critical financial distress has surged by more than 25% quarter-on-quarter, with firms singling out "weaker-than-expected" retail sales as a cause. According to Begbies Traynor, the number of UK retailers in critical financial distress surged to 2,124 for the fourth quarter of 2024, up from 1,696 in the previous. Overall, this marked a slight year-on-year decline of less than 1% from 2,142 in the fourth quarter of 2023. General retailers saw the sharpest quarter-on-quarter increase, up over 29%, while food and drug retailers rose by just over 17%. To read City A.M.'s article, go to https://www.cityam.com/uk-retail-sector-faces-mounting-pressures-after-budget-warns-begbies-traynor/.

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InfolinkGazette's 2024 Annual Report highlights a rise in insolvency notices and profit warnings. The report reveals that profit warnings reached 482 in 2024, continuing the upward trend from 2023 (477 warnings). In 2022, profit warnings had already quadrupled to 386, up from 65 in 2021. At least 45% of the 2024 warnings came from UK companies citing Material Uncertainty. Additionally, 12% of warnings reported sales impacts, and over 17% attributed the downturn to inflation and rising costs. Furthermore, HM Courts debtor-driven filings increased by nearly 3% in 2024, with Notices of Intention to Appoint an Administrator making up the majority. Administration applications declined, while Company Voluntary Arrangements rose by 28%. Initial Stage Winding Up Petitions also saw an 8.5% increase in 2024, primarily driven by HMRC actioned filings. To read InfolinkGazette's full report, visit https://www.techcitylabs.com/resources/ig-report-2024.

 

UK company insolvencies in December 2024 were 10% higher than in November. New data from Creditsafe has found that 2,482 companies in the UK became insolvent in December 2024 — a 10% increase compared to November 2024 but a 2% decline compared to the same month in 2023. 16% (392) of insolvencies in December came from within the UK construction sector, while the Wholesale and Retail sector is also feeling the squeeze, with 362 companies declaring insolvency. Overall, the number of firms becoming insolvent in 2024 rose to 29,414 — nearly 18% higher than for the full year in 2023. To read Creditsafe's news release, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.

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Business insolvencies in England and Wales in November 2024 were 12.3% lower than the same month in 2023. The latest data from the Insolvency Service has reported that corporate insolvencies in England and Wales increased by 12.8% in November 2024 (to a total of 1,966) compared to October and decreased by 12.3% compared to November 2023's figure. Tim Cooper, President of R3 and a partner at Addleshaw Goddard LLP, commented that the monthly rise in corporate insolvencies is due to an increase in all forms of corporate insolvency process, with the most notable increases coming in Creditors' Voluntary Liquidations and Compulsory Liquidations. To read R3's news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32309/r3-responds-to-november-2024-insolvency-statistics/.

 

Over 17,000 stores look set to close in 2025 as business rates rise. According to Retail Gazette, the Centre for Retail Research warned that "worse is yet to come" after it reported that 13,479 stores closed their doors for the final time in 2024 — a 28% increase compared to 2023. Furthermore, it forecasts that store closures will rise by 30% to 17,350 over the next 12 months. Of the closures, around 14,660 are expected to be independent retailers – nearly double the 7,793 that closed last year. To read Retail Gazette's article, go to https://www.retailgazette.co.uk/blog/2025/01/17000-stores-close-in-2025/.

 

Insolvencies among UK construction firms decreased by 2.7% in the year to October 2024 compared to 2023. The Building Cost Information Service (BCIS) has reported that, according to the Insolvency Service, construction firms accounted for 17.4% of all insolvencies in England and Wales in October 2024. In the year to October 2024, the total number of construction firms becoming insolvent was 4,208 — a 2.7% decrease on the 4,324 insolvencies recorded in the year to October 2023 but a 30.8% increase on the 3,217 in pre-pandemic 2019. The Insolvency Service said while the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak seen during the 2008-09 recession. However, this is because the number of companies on the effective register has more than doubled over this period. To read BCIS' news release, go to https://bcis.co.uk/news/construction-insolvencies-latest-news/.​​​​

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​​​​​UK Economy

The UK economy flatlined in Q3. The latest Office for National Statistics data indicates that the UK economy did not grow at all in the third quarter of 2024, contradicting earlier estimates of a 0.1% increase. This followed a 0.4% increase in Q2 and a 0.7% increase in Q1, with GDP estimated to have shown little growth since March 2024. UK GDP in Q3 2024 was 3.0% higher in Q3 than its pre-pandemic level in Q4 2019. In comparison, Eurozone GDP was 4.6% higher, while the US economy, which had the highest GDP growth among G7 economies over this period, grew by 11.5%. For more information, go to https://commonslibrary.parliament.uk/research-briefings/sn02784/.

Licensed under the terms of Open Government. Licence v3.0.

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UK growth is likely to have stagnated in the fourth quarter of 2024. The National Institute of Economic and Social Research (NIESR) has commented that new Office for National Statistics data, which showed that monthly GDP contracted by 0.1% in October, marks a significant slowdown in growth momentum and output activity compared to the robust performance in the first half of the year. NIESR now predicts that growth will have stagnated in the fourth quarter of 2024, with flatlining growth in the Services and Production sectors and a slight fall in the Construction sector. To read NIESR's news release, go to https://niesr.ac.uk/publications/post-budget-economy-crossroads?type=gdp-trackers.

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The UK Economy is set to surpass France and narrow the gap with Germany by 2039. The latest World Economic League Table from Cebr suggests that, while the relative positions of Europe's major economies will remain largely unchanged, significant shifts are expected within those rankings. By 2039, the UK's economy, currently 13.7% larger than France's, is projected to be 25.2% bigger. In contrast, Germany's economy, which is currently 30.7% larger than the UK's, is expected to lead by just 19.8% by 2039. These changes highlight a weaker growth outlook for France and Germany compared to the UK, signalling a growing divergence in the economic paths of Europe's leading nations. While the UK is set to rise to 21st globally in GDP per capita by 2039, this improvement is more indicative of a relatively poorer outlook for Eurozone economies than a robust economic performance by the UK itself. To download Cebr's report, go to https://cebr.com/world-economic-league-table/.

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The short-term UK economic outlook has brightened. KPMG has reported that growth in the UK economy may stage a welcome recovery after a lacklustre performance in the second half of 2024. GDP growth could more than double from 0.8% in 2024 to reach 1.7% this year. However, stronger growth could come at the cost of higher and more persistent inflation as businesses pass on the cost of tax rises. Inflation is now projected to remain above the Bank of England's 2% target until 2027. To read KPMG's news release, go to https://kpmg.com/uk/en/home/media/press-releases/2025/01/uk-economy-in-2025.html.

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Eastern Europe is set to surpass the UK's GDP in 2025. The six largest EU 'newcomers' that joined from 2004 onwards — Poland, Romania, Czech Republic, Hungary, Bulgaria and Croatia — will collectively surpass the UK's GDP in 2025, according to PwC analysis of IMF forecasts. Two decades ago, the UK economy was 40% larger than the combined output of these countries. To read PwC's news release, with a link to the full report, go to https://www.pwc.co.uk/press-room/press-releases/research-commentary/2024/10-pwc-uk-economic-predictions-for-2025----subtle-yet-significan.html.

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Brexit has reduced goods exports by £27 billion — with smaller firms most affected. According to new research from the Centre for Economic Performance (CEP) at the London School of Economics and Political Science, the Trade and Cooperation Agreement (TCA) reduced total goods exports from the UK by an estimated £27 billion (or 6.4%) in 2022 — due to a 13.2% fall in the value of goods exported to the EU. The analysis uses data from more than 100,000 firms to estimate the gap between the actual value of exports under the TCA and what would have been expected had the UK remained in the EU. It finds that 14% of firms (around 16,400) that had previously exported to the EU stopped doing so after the TCA came into force in January 2021. Most of the firms whose exporting business has suffered are smaller ones. To read the press release, go to https://cep.lse.ac.uk/_NEW/publications/abstract.asp?index=11304.

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Output volumes for UK manufacturers fell in the final quarter of 2024 as growth expectations weaken further. According to the CBI's latest Industrial Trends Survey, UK manufacturing output volumes fell at the fastest pace since mid-2020 in the quarter to December. Manufacturers expect another steep drop in output over the next three months. Ben Jones, CBI Lead Economist, said: "Manufacturing output appears to have contracted during the fourth quarter, with conditions across the sector looking more challenging than at any time since the Covid pandemic in 2020." To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/output-volumes-fall-in-final-quarter-of-2024-as-growth-expectations-weaken-further/.

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The private sector expects a steep decline in activity into 2025. According to the CBI's latest Growth Indicator, private sector firms expect activity to fall in the three months to March, and expectations are now at their weakest in over two years. This pessimism was shared across all sub-sectors. Business volumes in the services sector are anticipated to decline (-18%), driven by predicted falls in both business and professional services (-13%) and consumer services (-37%). Distribution sales are expected to fall steeply (-35%), and manufacturers also anticipate output to fall (-31%), with expectations at their weakest since May 2020. The disappointing outlook comes as private sector activity fell again in the three months to December at a faster pace than in the three months to November (-21% from -13% in November). Activity has been flat or falling since August 2022. To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/private-sector-expects-steep-decline-in-activity-into-2025/.

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The UK construction sector looks set to grow despite challenges. Tokio Marine HCC's recent report on the UK Construction sector suggests that the industry is likely to benefit from a generally improving macroeconomic environment in 2025. While the Construction Products Association forecasts a 2.9% decline in UK construction output for 2024, it anticipates a 2.5% expansion in 2025, followed by 3.8% growth in 2026. However, the collapse of ISG, the UK's sixth-largest construction company by turnover in September 2024, which left £180 million of debt owed to trade suppliers, marks the largest construction company failure since Carillion in 2018. While the full impact of the ISG collapse is yet to unfold, numerous sub-contractors are expected to default. Additionally, poor payment performance is exacerbating sector challenges. To read Tokio Marine HCC's report, go to https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-contruction-sector-report.

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Business confidence among Britain's manufacturers has dipped sharply to the lowest level in a year. According to a survey published by Make UK and BDO, while output and orders remain positive, the mood among Britain's manufacturers has darkened markedly since the last survey. This contrasts sharply with Q3 2024 when 58% saw a brighter economic outlook, and when — bar the immediate post-Covid recovery — business confidence among manufacturers reached its highest level in a decade. According to the survey, 70% of manufacturers have seen their costs increase by up to a fifth in the last year, while 8% have seen their costs increase by up to a half. The survey also shows that 86% of manufacturers expect their business costs to increase due to the Make Work Pay reforms, with 44% saying that the increase will be 'significant'. To read BDO's news release, go to https://www.bdo.co.uk/en-gb/news/2024/manufacturers-confidence-slumps-as-costs-rocket-make-uk-bdo-survey.

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Eight in ten small businesses finished 2024 with new growth plans for 2025. The latest quarterly Business Barometer study by Novuna Business Finance has found that 81% of UK small businesses are prioritising new initiatives to boost their overall growth prospects for 2025, with increasing new business sales (43%) and reducing fixed costs (24%) priorities. The data suggests a firm resolve by small businesses to invest in business development for 2025 and follows resilient growth forecasts for this current quarter. By industry sector, small businesses in the media (92%) and manufacturing (90%) sectors are most likely to be prioritising new growth initiatives for 2025. To read Novuna's press release, go to https://www.novuna.co.uk/news-and-insights/business-finance/eight-in-10-small-businesses-finish-the-year-backing-new-growth-plans-for-2025/.

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Global: Late Payment, Insolvencies & Global Economy

Global growth is expected to have been 3.1% in 2024. KPMG's latest Global Economic Outlook predicts that global growth is expected to have been 3.1% in 2024, slightly lower than in 2023 and below the pre-pandemic norm of 3.6% from 2000 to 2019. In 2025, KPMG expects growth to accelerate to 3.2% before post-election policies in the US dampen global growth to 3.0% in 2026. The pace of inflation is forecast to continue cooling between now and mid-2025. The forecast thereafter depends heavily on the pace of tariffs and whether a full-blown trade war occurs. To read KPMG's report, go to https://kpmg.com/xx/en/our-insights/sector-insights/global-economic-outlook-q3-2024.html.

 

China's economy is no longer expected to overtake the US, while India looks set to become the third-largest economy. Cebr's latest World Economic League Table predicts that global GDP growth, although subdued by historical standards, will continue in 2025, reaching 2.8% (slightly up from an estimated 2.7% in 2024). World GDP is estimated to have reached US$110 trillion in 2024 and will double to $221 trillion by 2039, with the bulk of the growth due to a catch-up between previously less developed and more mature economies. Cebr now projects that China will not overtake the US as the world's largest economy in the next fifteen years. India, by contrast, is projected to supplant Japan to become the world's fourth-largest economy in 2025 and overtake Germany, securing its place as the world's third-largest economy by 2029. To download Cebr's report, go to https://cebr.com/world-economic-league-table/.

G20 GDP growth continues at a stable pace in the third quarter of 2024. The OECD has reported that in Q3 2024, GDP growth remained stable for the G20 as a whole. However, the picture was mixed. Indonesia, India, and the US recorded stable growth, whereas growth accelerated significantly in Mexico (from 0.4% to 1.1%) and China (from 0.5% to 0.9%) and, to a lesser extent, in France and Australia. Growth also rebounded in Germany (from -0.3% to 0.1%) and Korea. By contrast, the remaining G20 countries experienced slower growth in Q3 than in Q2. To read the OECD's news release, go to https://www.oecd.org/en/data/insights/statistical-releases/2024/12/g20-gdp-growth-third-quarter-2024.html.

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Atradius' Economic Outlook predicts that the global economy remains on track for a soft landing, with inflation decreasing without triggering a recession. Global growth is expected to remain modest, with projections of 2.8% for 2025 and 2.9% for 2026. The US continues to demonstrate strong GDP performance, with anticipated policy changes from the incoming Trump administration set to impact mainly after 2026 and not significantly altering Atradius' 2025 outlook. In contrast, the eurozone's growth is projected to be much lower at 0.8%. Although the outlook for emerging market economies is, on average, stronger than that for advanced economies, it remains weak by historical standards, with GDP growth predicted to moderate to 4.0% in 2025 and 3.9% in 2026. To read the Economic Outlook, go to https://group.atradius.com/knowledge-and-research/reports/economic-research-economic-outlook-december-2024.

Economic Outlook 2025-26. Allianz Trade has published a report predicting that global GDP growth will remain steady at +2.8% in 2025-26, with developed economies experiencing a slight slowdown, from +1.8% in 2025 to +1.7% in 2026. In contrast, emerging economies are expected to sustain stronger growth, averaging +4.1% across both years. The US economy is forecast to grow by +2.3% in 2025, with a slight slowdown to +1.8% in 2026. The Eurozone will see moderate growth, with countries like Spain and Ireland leading. Germany, however, is set to record modest growth after two years of recession. China's growth is expected to moderate from +4.6% in 2025 to +4.2% in 2026, reflecting its transition towards a consumption-driven economy. The outlook also suggests that inflation will reduce to 2% by 2025. To read Allianz Trade's report, go to https://www.allianz-trade.com/en_global/news-insights/economic-insights/economic-outlook-2025-26-defying-gravity.html.

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Credit Management News & Resources

Launch of Compare Credit Insurance. Bartlett Group has launched a new platform, Compare Credit Insurance, designed to help businesses compare and select trade credit insurance. The website offers a user-friendly interface with comprehensive comparisons of various credit insurance options, "providing impartial insights to ensure businesses make informed choices." Key features include expert guidance, resources for better financial decision-making, and tools to help companies protect against payment risks or assess their existing coverage. Compare Credit Insurance aims to simplify and streamline the credit insurance process, making it more transparent and accessible for businesses. Bartlett Group also encourages feedback to enhance the platform's services further. To take a look at the new service, go to https://comparecreditinsurance.co.uk/.

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New Fair Payment Code. With the support of the Department of Business and Trade, the Small Business Commissioner has launched a new Fair Payment Code. The new Code rewards businesses in the UK for adopting fair payment practices for suppliers of all sizes, and will include a set of fair payment principles that companies are required to sign up to, as well as three award categories: Gold — For companies paying 95% of their suppliers within 30 days; Silver — For companies paying 95% of their small business suppliers within 30 days and all other suppliers within 60 days; Bronze — For companies paying 95% of suppliers within 60 days. The new Code will replace the Prompt Payment Code, which has been operational since 2008. The Small Business Commissioner, Liz Barclay, said: "The new Code will reward businesses that treat their suppliers fairly and pay them quickly. It will also include an ambitious new Gold Award which aims to make 30-day payments the new standard for which businesses can aim." For more information, go to https://www.smallbusinesscommissioner.gov.uk/new-fair-payment-code/. 
Licensed under the terms of Open Government. Licence v3.0

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Events & Professional Development

Tinubu Digital Credit Insurance Conference Day. 5 February 2025. Online.

Tinubu Hosts Groundbreaking Digital Credit Insurance Conference to Celebrate 25 Years of Industry Innovation.

Tinubu, a global leader in digital solutions for the credit insurance and surety industries, will celebrate its 25th anniversary by launching the Tinubu Digital Credit Insurance Conference Day on 5 February 2025. This inaugural online conference will unite global industry leaders, policymakers, and innovators to discuss trends and new opportunities in the evolving credit insurance landscape.

Renowned for its Software as a Service (SaaS) solutions supporting the entire credit insurance and surety bonds lifecycle, Tinubu is at the forefront of digital transformation, risk management, and AI-driven solutions. This conference will provide a platform to address critical challenges and opportunities in AI, trade credit, and ESG.

 

Conference Agenda includes
Panel 1: Launching a Trade Credit Venture – Positioning and Product Development.

• Emerging credit insurance models and market opportunities.

• Strategies to address operational and financial challenges for new entrants.

• Role of stakeholders and technology in ensuring long-term success.

Panel 2: Supply Chain Transparency and ESG Considerations

• Enhancing supply chain resilience and sustainability.

• Impact of sanctions and ESG considerations on credit insurance.

• Transparency and compliance in global trade.
   

Panel 3: The Augmented Underwriter – Can AI Empower Credit Insurers?

• Role of AI in optimising underwriting and claims processes.

• Challenges in AI adoption and integration into existing systems.

• Future potential of AI-powered data analysis.
   

Panel 4: Navigating Credit Insurance – U.S. Perspective

• Domestic U.S. consumption and economic policies affecting trade creditinsurance.

• Regulatory implications and geopolitical strategies under the U.S.administration.
   

Join us on 5 February 2025 for this milestone event. (Registration link:
https://bit.ly/TinubuConferenceDay2025.

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ICISA Surety Week 2025, 10 -13 February 2025. Online

Surety week is a week of celebration of Surety sector. With this event, ICISA aims at increasing awareness of the valuable economic role of surety industry. Experts in the sector agreed to join our initiative and share their views on issues faced by the industry nowadays.

The event will take place between 10 -13 February 2025. A total of 5 virtual sessions will be organized during the week, featuring debates, interviews, webinars and presentations. The sessions will be organised daily from 10:00 - 11:00 CET and 15:00 - 16:00 CET and will include:

• Digitalization of Custom Bonds

• Enabling Surety for Long-term Projects

• Collaboration and Syndication Between Sureties and Banks

• ​Implementing Artificial Intelligence in the Surety Space

For more information, go to https://icisa.org/event/icisa-surety-week-2025/.

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​​GTR MENA, 18-19 February, 2025. Dubai.
Having celebrated the largest ever edition of GTR MENA in 2024, welcoming a record-breaking 1,136 attendees, GTR is excited to return to Dubai on February 18-19, 2025, bigger, better and ready to host the region's leading content and networking platform for the global trade, export, commodity and supply chain finance community.

The annual two-day conference will provide high value networking opportunities, enabling delegates to catch up with industry friends, forge new business connections and meet with highly esteemed exhibitors from leading trade service providers across the Middle East and North Africa. Over 90 industry experts will explore the latest trends and developments, highlighting both challenges and opportunities whilst offering future projections of the market. The GTR team looks forward to welcoming you there!

2025 key discussion themes:

• The changing nature of global shipping

• Seizing the African opportunity

• Delivering trade growth: Do banks need to less cautious?

• Diversification, state support and ‘flight to quality’: The commodity financing melting pot

• Milestones reached but challenges ahead: How can digital reach the parts others can’t?

• Is supply chain finance on a downward curve?

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2025 event features:

• 45+ exhibitors

• 5+ hours of networking opportunities with key stakeholders in the industry

• Unparalleled expertise from 90+ speakers

• Exceptional content on topics and regions covered

• Enhanced networking with opportunities to schedule meetings and swap business cards

• Invitation to the evening networking reception

 

Discounts and promotions

• !0% Early booking discount – January 17, 2025
  Early booking discount available for new registrations only and not in conjunction with additional discounts. 10% is automatically processed during online checkout or with a GTR team member.

• Young Professionals Pass – Limited free tickets available
  To qualify, you must be under 25 years old, with less than three years of experience in the trade finance industry. Limited to 2 events per year.
  10 passes are available for this event for those who work within the industry, limited to 2 passes per institution, and cannot be combined with other promotions. Two passes are available for this event to those studying a relevant educational/University course. Confirm your eligibility by contacting ypp@gtreview.com with your work email address, LinkedIn profile, and age.

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For more information about this event, go to https://www.gtreview.com/events/mena/gtr-mena-2025-dubai.

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GTR Africa, 13-14 March 2025. Cape Town.
GTR Africa has solidified its position as the premier event for the African trade and trade finance community. Returning to Cape Town on March 13-14, 2025, this flagship event will deliver essential insights spanning trade, supply chain, infrastructure, working capital, export and commodity financing markets. Supported by prominent players representing the entire trade finance ecosystem, the conference will feature over 60 speakers sharing unparalleled expertise over two impactful days. Anticipating the participation of more than 550 delegates from over 250 companies, GTR Africa 2025 offers a prime opportunity to engage with key figures in African trade. Don’t miss your chance to reconnect with familiar faces and establish vital new connections in the market during this unrivalled conference.

Event features:

• 30+ exhibitors

• 8+ hours of networking opportunities with key stakeholders in the industry

• Unparalleled expertise from 60+ speakers

• Exceptional content on topics and regions covered

• Enhanced networking with event app, meetings zones and digital business cards

• Invitation to the evening networking reception

Don’t miss your chance to join the unrivalled opportunity to catch up with old friends and build those crucial new market connections at what is set to be an excellent conference.

We look forward to seeing you there!

 

Discounts and promotions

• 10% Early Booking discount – Available until February 7, 2025
  Early booking discount available for new registrations only and not in conjunction with additional discounts. 10% is automatically processed during online checkout or with a GTR team member.

• Young Professionals Pass – Limited free tickets available
  To qualify, you must be under 25 years old, with less than three years of experience in the trade finance industry. Limited to 2 events per year.
  10 passes are available for this event for those who work within the industry, limited to 2 passes per institution, and cannot be combined with other promotions. Two passes are available for this event to those studying a relevant educational/University course. Confirm your eligibility by contacting ypp@gtreview.com with your work email address, LinkedIn profile, and age.

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For more information about this event, go to https://www.gtreview.com/events/africa/gtr-africa-2025-cape-town.

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About this month's sponsor: Tokio Marine HCC.

As insurance specialists with deep technical and analytical business expertise, Tokio Marine HCC’s (TMHCC) portfolio is designed to help you thrive. Underwriting more than 100 classes of specialty insurance in over 180 countries, we have the global reach, unique insight and financial stability to help you succeed. 

 Managing our risks requires a global presence and mindset. As part of one of the world’s largest insurers, TMHCC has vast experience of helping businesses trade all over the world.

 Covering Trader, Constructor and Single Risk products, TMHCC provides your business with the ultimate balance sheet protection to help you grow in the way you want to.

 With our cover and support, you can reduce the risk exposure of working with new customers, secure increased customer knowledge, benefit from enhanced credit management processes and even use our debt collection service.

 Wherever your ambitions take you, we can help ensure your finances stay in good health, whatever happens.

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