Bright lights, low credit?
Economic uncertainty among businesses, coupled with an increase in insolvencies mean the benefits of credit insurance are clear. David Fanning looks at what the coming months may have in store for the UK credit insurance industry.
In 1998, British trade credit insurers supported nearly £200bn-worthof trade, representing around 18% of GDP, according to estimates from the
Association of British Insurers (ABI). Insured turnover grew by 4.4% from
£180bn in 1997 to £188bn in 1998, while premium income decreased by 0.3%
from £315m to £314m.
The picture for last year is not expected to be very dissimilar, although
rates have hardened recently, following rises imposed by EULER Trade
Indemnity and NCM, which control about 80% of the
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