Trade credit recovery in the balance
With only 58 policies sold from the government's trade credit insurance top-up scheme, Emmanuel Kenning investigates the sector's ongoing turbulence.
Research by the British Retail Consortium has shown that 38% of large and 28% of small and medium-sized retailers have reported the reduction or withdrawal of trade credit insurance as having a negative impact on their businesses. According to BRC, 92% of large firms and 74% of SMEs surveyed feel that trade credit insurers do not assess risk accurately.
The news came in the same week as the Association of British Insurers announced the first fall in trade credit insurance claims for a year; the
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