Trade credit claim rise 'no need for concern' experts say


Yesterday the Association of British Insurers released figures highlighting a 40% rise in trade credit claims since 2015. The figures revealed that trade credit insurers paid businesses the equivalent of £4m in claims every week last year. Clyde & Co partner Andrew Grant said: “We knew this was coming and we’ve seen this cycle before. The trade credit market operates on a six to seven year cycle, which last got under way in 2009. “The ABI’s assertion that this is as big or even bigger t