ABI: Carillion collapse to cost trade credit insurers £31m

Overdue payment

Trade credit insurers are expected to pay an estimated £31m in total to help firms in the supply chain recover from the collapse of Carillion, according to the Association of British Insurers (ABI).

Trade credit insurance covers businesses against the risks of not being paid for goods or services that they sell following an insolvency, protracted default or political upheaval.

According to the ABI trade credit insurers paid out £210m to firms in 2016 due to non-payment.

Carillion, which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: