Trade credit insurers pay out record amount at start of 2018

Pound notes

The £54m of UK domestic trade credit insurance claims paid out in the first three months of 2018 was a record for the first quarter of a year, the Association of British Insurers (ABI) has revealed.

The trade body noted that the number of claims made by UK firms in the quarter to cover non-payment of debts was at its highest level since 2009.

According to the association, there were 3,966 notifications of new trade credit insurance claims up by 50% on the previous quarter as the insolvency of

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