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It has been a very busy few months in the Trade Credit Insurance industry along with the wider Australian economy. Our Trade Credit Risk Index rose in Q2 to its highest level since 2020, an indication that the economy is starting to feel the pinch.

The great news is that NCI and Insurers continue to support claims made by policyholders, ensuring any ‘insolvency surprises’ are covered and their cashflow is protected.

On the NCI front, we have recently expanded our footprint in Australia to include a permanent position in Hobart, Tasmania. It’s another part of our strategy to ensure we always have someone local to assist businesses with their Trade Credit Insurance needs. If you have a business division or company there that would like to know more about our Trade Credit Solutions contact Toby Morley.

As we head towards the final part of the year, I would encourage everyone to take a close look at their customer list, and think about a “wash” of your accounts receivable ledger. When was the last time you considered the financial health of your customers? The team at NCI are always available to help if needed.

Kind regards
Kirk