UK Government Trade Credit Reinsurance Scheme Extended
On 30 December 2020 it was confirmed that the Government backed Trade Credit Reinsurance Scheme will be extended by 6 months to 30 June 2021.
Coface Shares Analysis on Covid-19 and the ‘Zombie’ Economy
Nicholas described how these factors have led to the phrase ‘Zombie’ economy with relatively few companies showing the signs of distress that would have been expected at this this point in the pandemic.
Covid-19 Credit Insurance Update
Insurers have recognised these trading challenges and to assist insureds during this time many insurers have relaxed the policy terms around reporting overdue customers to allow policyholders greater flexibility to manage these payment delays.