General Insurance Article - Trade credit insurance scheme extended until 30th June 2021


The UK Government has agreed with leading trade credit insurers to extend the Trade Credit Reinsurance Scheme until June 2021. The objective of the 2021 scheme is to continue to support UK businesses affected by the coronavirus pandemic and to aid economic recovery by providing targeted support via trade credit insurers.

 Commenting on the extension of the Trade Credit Reinsurance Scheme until 30th June 2021, Stuart Ramsden, Regional Director at Atradius UK said: “Maintaining trade credit insurance cover for UK businesses is key to enabling trade and protecting supply chains. Trade credit protection is also important for the UK economy and its ability to overcome the challenges arising from the pandemic. From the early days of the pandemic, Atradius, alongside other leading providers and the ABI, worked very closely with Government representatives to develop this important support scheme and we welcome the confirmed extension.”
  

Back to Index


Similar News to this Story

Hurricanes and earthquakes could lead to USD300bn losses
Following the long-term annual growth trend of 5–7%, global insured natural catastrophe losses may reach USD 145 billion in 2025, mainly driven by sec
FCA set to launch live AI testing service
The FCA is seeking views from firms about how its live AI testing service can help them to deploy safe and responsible AI, which will benefit UK consu
Over one third of London market firms now actively using AI
The Lloyd’s Market Association (LMA) has hosted a seminar on the use of AI within the London specialty market. The seminar referenced results from a r

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.