Keeping the wheels in motion.
Credit insurance is not just cover against bad debt. Today, it is a sophisticated mix of products designed to keep businesses trading profitably. Graham Kent explains.
Figures from the Association of British Insurers, show that, during1999, member credit insurers supported £178bn of trade and wrote gross
premiums of £319m supporting UK domestic and export sales amounting to 16%
of gross domestic product. The ABI members received 15 625 claims,
representing gross debts of £332m. While the Department of Trade and
Industry reported that there were 14 281 company insolvencies over the
same period.
Today, the pressures facing companies are immense, coming from a
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