Data sharing an attempt to reduce risk associated with company insolvencies

Trade credit insurer Euler Hermes is taking part in credit circles, in which firms share market data – such as their record of paying suppliers on time – to reduce risk.

Euler Hermes chief Fabrice Desnos said: “We take part in some of those circles. They are always very useful.” He said the recession was “clearly not over”. “We expect the number of insolvencies and companies put into administration to increase next year,” he added.

Meanwhile, trade minister Lord Davies said small exporters will be able to secure trade credit insurance from an expanded Export Credit Guarantee Department.

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.

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