Experian study finds static % of insurance business population failing

An Experian study has found the number of insurance firms becoming insolvent in October has fallen from 18 in 2009 to 6 in 2010, though the percentage of the business population failing has remained the same at 0.13%.

The wider study by the information services company found 1,635 UK businesses failed last month, 17% fewer than the 1,976 insolvencies recorded in October 2009.

Max Firth, managing principal of pH, an Experian company, said: “It is encouraging that the business population in general is faring better in terms of insolvencies than this time last year, despite mid-market failures increasing in October."


Topics