UK trade credit insurance claims have fallen for the first time in a year, according to the Association of British Insurers (ABI).

Claims have fallen 1% from 5702 to 5661 from a year ago while the value of those claims has increased 17% from £69 million ($129 million) to £81 million ($152 million).

Despite this, Nick Starling, ABI’s Director of General Insurance and Health, says uncertainty in the economy continues.

“Many companies may still be vulnerable, making trade credit insurance more valuable than ever,” he said. “Insolvencies are just as likely to happen while the economy is recovering as they are when it’s entering a downturn.”

The number of company liquidations has increased 37% from 3869 to 5059 from a year ago, according to provisional figures from the Insolvency Service.