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As we settle into 2026, I wanted to take a moment to share some early observations on what we’re seeing in the market.

The reality is that the economic headwinds many businesses faced through 2025 haven’t eased. If anything, the pressure is building. All indicators point to insolvency numbers continuing to climb through 2026, and the early data is proving that correct. Across January and February, incoming claims to NCI have been tracking higher year on year, a clear signal that more businesses are feeling the strain and unfortunately, more suppliers and trade creditors are being caught in the fallout.

For those of you with trade credit insurance in place, this is exactly the environment these policies are designed for. For those without cover, the current landscape is a timely reminder to consider how exposed your receivables book really is. Especially given that the insurers are very competitive on Premium Rates at the moment.

At NCI, we remain focused on helping our clients and broker partners navigate these conditions with the right information, the right cover and the right support. Our team is here to assist, whether that’s reviewing your current program, assessing new risks, or simply having a conversation about what you’re seeing in your own sector.

Despite the challenges, Australian businesses have shown remarkable resilience and with the right risk management strategies in place, there’s every opportunity to trade confidently through the year ahead. I wish you all a productive and prosperous 2026.

Kind regards,
Kirk Cheesman
Group Managing Director