All Party Group tackles trade credit insurance

The All Party Parliamentary Group on Insurance & Financial Services will be looking into the issues in the UK trade credit insurance market on Tuesday 19 May (11.30am, Committee Room 17, House of Commons) when the Association of British Insurers and the British Retail Consortium will be presenting their views.

This should be an interesting session as the government's intervention in this market will change the dynamics and will also alter the tone of the public debate about the impact of the higher claims volumes caused by the recession.

29 Apr 2009

Topics: Budget 09

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The British Insurance Brokers' Association will also be presenting its views on the current problems in the trade credit market and the government's intervention to this meeting. BIBA is meeting the relevant government departments tomorrow (7 May) to discuss how the scheme announced in the Budget will work as its members have a key role to play in this market where up to 80% of the business probably goes through brokers. The All Party Group meeting will now present a very rounded view of the market with representatives from clients, brokers and insurers presenting their views to MPs and Peers.

Posted by: David Worsfold, 06 May 2009 | 11:12

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