Trade credit insurance changes may leave brokers open to attack

cat-and-mouse-silhouette

The Export Credits Guarantee Department’s (ECGD) decision to widen the cover available for UK businesses looking to export to non-OECD countries could expose brokers with a large SME book to attack from aggressive competitors.

Some of the key points to come out of the decision include a minimum contract value of £20,000 and cover available on a contract-by-contract basis only. It in effect plugs a gap in the market as historically private sector providers have preferred whole turnover accounts

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: