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registered interest false more like this
date less than 2019-06-05more like thismore than 2019-06-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Credit: Insurance more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the credit insurance cover available to the supply chain of product-based businesses. more like this
tabling member printed
Lord Allen of Kensington more like this
uin HL16074 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-19more like thismore than 2019-06-19
answer text <p>Government monitors the credit insurance landscape and credit insurers’ pricing practices, through liaison with providers, businesses, and industry bodies. We will continue to study the market and closely monitor trends.</p><p> </p><p>Government has been made aware of restrictions in credit insurance cover some small and medium-sized product-based businesses are facing in the current trading climate. Difficult trading conditions, market trends, and uncertainty have led some credit insurance providers to reassess the level of cover they are willing to offer in certain sectors. This varies by industry and firm, and is a commercial decision for insurers.</p><p> </p><p>Other financial services products are also available to support businesses in lieu of credit insurance, for example from banks.</p> more like this
answering member printed Lord Young of Cookham more like this
grouped question UIN
HL16075 more like this
HL16076 more like this
question first answered
less than 2019-06-19T16:40:31.583Zmore like thismore than 2019-06-19T16:40:31.583Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
4304
label Biography information for Lord Allen of Kensington more like this