13/08/2020

Trade Credit Reinsurance Scheme

We are pleased to inform you that the Trade Credit Reinsurance Scheme is now operational, following confirmation of State Aid approval and commitment from insurers.  Government is still finalising the detailed contracts with insurers but expect these to be signed by mid-August.

  • The participating insurers provide coverage to all sectors of the economy, as well as different sizes of business. This means any business looking to access Trade Credit Insurance will be able to do so. ¬†Details of the scheme, including participating insurers, will be published on the gov.uk pages shortly.
  • As the scheme operates through Trade Credit Insurers, there is no need for underlying businesses to sign up to the scheme. Any business looking to access TCI should contact either a participating insurer, or an insurance broker who will be best placed to advise them.

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