We are the voice of insurance and long-term savings | Contact us

Association of British Insurers Member login
  • About Us
    • Get in touch

      • About us
      • Contact us
      • Careers
      • Our diversity work
      • Future Leaders
    • Our People

      • Executive team
      • Our board members
      • Assistant Directors
    • Our Members

      • Delivering for members 2020
      • Why join?
      • Joining the ABI
      • List of ABI members
      • Associate membership
  • COVID-19 Hub
  • Choosing the right insurance
    • Insurance products

      • Business insurance
      • Motor insurance
      • Home insurance
      • Travel insurance
      • Savings and retirement
      • Life cover
      • View more...
    • Current Issues

      • Coronavirus Q&A
      • Climate Change
      • The Work and Wellbeing Hub
      • Flooding
      • Personal injury claims
      • Travelling to the EU from 1 January 2021
      • View more...
  • News
    • News & Press

      • News articles
      • Press Team
    • Updates

      • Blogs
      • Annual Conference Hub 2021
      • Speeches
  • Events
    • Events & Live Webinars
    • On-Demand Webinars
  • Data and Resources
    • Industry Data

      • Industry Data and Subscriptions
      • Free industry data downloads
      • UK Insurance and Long Term Savings Key Facts
      • Contact ABI Stats team
      • View more...
    • Tools and Resources

      • Calculating your homes rebuild cost
      • Tracing your insurance policy & savings
      • Percy the Protection Calculator
      • How insurance works
      • How our industry is regulated
      • Publications
      • View more...
  • Members
    • Are you an ABI member?

      Please register here to download industry data and book tickets to our events.

      If you work for an ABI member you will automatically be given access to the Members Area as well as free access to all of our industry data packages

Search results

Your search for Annual General Insurance Overview Statistics 2014 resulted in 20 hits

Showing 1 - 10 of 20
  1. 1
  2. 2
Next

Sort by:

Type:

  • Trade credit stats

    19/06/2013

    Trade credit data for 2012/2013

  • ABI welcomes Government-backed temporary reinsurance scheme so businesses can continue to access trade credit insurance

    04/06/2020

    Scheme will provide reassurance to thousands of businesses who rely on trade credit insurance.  The ABI welcomes today’s Government announcement of a temporary, government-backed…

  • Unpaid UK – bad debt claims soar to a 10-year high

    14/06/2019

    The number of insurance claims made so far this by UK businesses facing bad debts has reached its highest level in ten years according to latest figures out today from the Association of British Insurers (ABI). In the first quarter of the year 57 firms every day were helped by trade credit insurers.

  • Trade credit insurers providing a lifeline to help businesses cope with record levels of bad debt

    09/01/2020

    Latest figures published today by the ABI highlight that trade credit insurers have helped UK firms cope with a record level of bad debts...

  • FAQ

    Who should get a trade credit insurance policy?

    Trade credit insurance can be suitable for companies trading on credit terms and insurers can provide cover to businesses of all sizes from SMEs to multinationals.

    If you are interested in taking out trade credit insurance you can speak to a general or specialist credit insurance broker. Their knowledge can help businesses get the most appropriate cover for their needs at the best price. Alternatively, businesses can also buy credit insurance directly from an insurer.

  • Trade credit insurance FAQs

  • How trade credit works

    THe cost of a credit insurance policy is based on a business turnover

  • What is trade credit insurance

    Trade credit insurance covers businesses if buyers who owe them money do not pay their debts, or pay them later than expected.

  • FAQ

    When does credit insurance pay out?

    Trade credit insurance will pay out a percentage of the outstanding debt to a business. This usually ranges from 75% to 95% of the amount, depending on the type of cover the business has.

  • FAQ

    Why would businesses need trade credit insurance?

    The main reason a business would take out trade credit insurance is to reduce financial implications if a customer fails to pay. Without trade credit insurance in place, many more companies would suffer large financial losses, redundancies and put the business’ existence at risk. 

    However, trade credit insurance does not just protect businesses against any losses as a result of a customer being unable to pay their debts. Trade credit insurance also:

    • Helps businesses sell to new customers that may otherwise have been deemed too risky, knowing they are insured should the customer not pay their debts.
    • Provides additional support and knowledge to help the business avoid losses in the first place and help them grow safely.
    • Provides comfort to banks that the insured has a more secure financial position than otherwise may have been the case, which may in turn enable businesses to access additional bank finance.
    • Helps secure export business, giving confidence to explore new markets and being able to offer more competitive terms.
    • Helps free up capital for the business to use elsewhere, through a reduction in their bad debt reserve (an amount businesses expect not receive because some customers fail to pay).
Showing 1 - 10 of 20
  1. 1
  2. 2
Next

Refinements

  • Category

    • Trade credit
Clear all filters

Refine by date

  • 2020 6
  • 2019 1
  • 2017 1
  • 2016 8
  • 2015 3
  • 2013 1

Refine by audience

  • ABI Members 3
  • Insurance Customers 3
  • Insurance Industry Professionals 3
  • Media or journalists 2
  • Researchers academics government 1

Refine by category

  • ABI 1
  • ABI Events 1
  • Business 2
  • Business insurance 13
  • COVID-19 1
  • Government 1
  • Insurance products 1
  • Topics and Issues 1
  • Trade credit 20

Refine by content type

  • Article 1
  • Stats update 1
 

About the ABI

  • Careers
  • Contact us
  • Joining the ABI
  • Covid-19 Risk Assessment

News

  • News articles
  • Press Team
  • Blogs
  • Speeches

Events

  • Annual Conference 2021
  • The impacts of Covid-19 & Pandemics on General Insurance Markets

Affiliate Links

  • IFED
  • Flood Re
  • Insurance Museum

Related Sites

  • Third-party hire

Connect with us

  • Twitter
  • Facebook
  • LinkedIn
  • Instagram

© ABI 2021 All rights reserved

  • Terms and conditions
  • Privacy notice
  • Sitemap