Eligible insurers can apply for a reinsurance agreement that covers domestic and overseas trade.
The Trade Credit Reinsurance Scheme ensures that trade credit insurance coverage and credit limits are maintained during the coronavirus pandemic, helping businesses to trade with confidence.
The scheme is open to eligible insurers operating in the UK market.
The scheme is available until 31 December 2020, backdated to 1 April 2020.
The Scheme Rules set out how insurers can apply for the scheme. It includes information about:
- who can apply
- the application process
- reporting requirements
Read more: Trade Credit Reinsurance Scheme