Harder to buy, worse terms, fewer covered and too slow

The CBI has called for further government help for busiess and highlighted credit insurance problems in a survey.

Its survey found:

  • 39% of use credit insurance to cover the supply of goods
  • 65% of these report its availability has worsened in the last three months
  • 72% saw a deterioration in the credit limit insured
  • 60% saw the number of customers insured reduced
  • 56% reported slower and more complex renewal
  • 50% reported higher cost of cover

Ian McCafferty, the CBI's chief economic adviser said: "The lack of available trade credit insurance is also a real problem for firms that rely on it, and large businesses have been particularly hit."

Websites

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics