Credit insurers supported £178bn worth of trade last year generating premium income of around £319m, according to figures from the Association of British Insurers.
There was a 15% rise in the amount of UK export business covered by the niche market to £53bn, and in total, it supported 16% of the UK's gross domestic product.
The gross debt of UK claims fell slightly to £332m in 1999. But this is still well above the 1996 and 1997 levels – £256m and £285m respectively (recoveries are still not possible on this gross debt, so it cannot be considered as claims paid).
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.
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.
