Trade credit insurers paid out £320m in claims in 2009
Trade credit insurance helped UK businesses by dealing with 22,791 claims in 2009, according to figures from the Association of British Insurers (ABI).
The ABI said the total amount paid in claims rose from £164m in 2008 to £320m in 2009, a 95% increase year-on-year.
Nick Starling, the ABI’s director of general insurance and health, said: “Whilst trade credit insurers paid out a record amount in claims to policyholders during 2009, Q4 marked a significant improvement with number of new claims received down -23% on previous quarter. This is consistent with the end of the downward trends observed in various sectors of the economy and the
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