Experian research shows 30.8% rise in firms going under

Experian research has shown a 30.8% rise in insurance insolvencies in August 2012 compared to August 2011.

The Experian business insolvency index showed that 0.15% of insurance firms were declared insolvent in that month, compared to 0.11% in August last year. The insurance sector had 17 insolvencies this August, the index revealed.

The number of insurance insolvencies in August 2012 bucked the national trend, as the research found that only 0.09 of the total business population became insolvent.

 


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