Trade Credit Insurance Market Outlook 2022

According to the latest report from the IMARC group, entitled “Trade Credit Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global credit insurance market reached a value of US$10.9 billion in 2021. Looking ahead, IMARC Group expects the market reach US$18.1 billion by 2027 growing at a CAGR of 9.12% during the period 2022-2027. Credit insurance is an advantageous risk management tool that protects companies against payment risks. It facilitates smooth trade in goods and services and helps improve economic stability by addressing losses due to non-payment. The insurance covers vendors, factoring companies, banks and financial institutions. This insurance scheme greatly benefits general insurance companies as it enables them to access new markets and multiple businesses, such as micro, small and medium-sized enterprises (MSMEs).

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Trade Credit Insurance Market Trends:

The global market is mainly driven by the rapid growth of small and medium enterprises. With the numerous initiatives taken by the governments of several countries to support micro, small and medium-sized industries, the demand for trade credit insurance has also increased. Moreover, a considerable increase in the supply of goods and services and the increase in import and export activities globally have accelerated the demand for products in the market. Other factors contributing to the growth of the market include growing demand for insurance policies that provide benefits against business threats and significant growth in banking, financial services and insurance industry.

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2022-2027 Global Trade Credit Insurance Market Analysis and Segmentation:

Competitive landscape with key players:

The competitive landscape of the industry was also reviewed, along with the profiles of key players, namely:

  • American International Group Inc.
  • Aon plc
  • Axa SA
  • China Export and Credit Insurance Corporation
  • Chubb Limited (ACE Limited)
  • Coface
  • Euler Hermes (Allianz SE)
  • Export Development Canada
  • Nexus Underwriting Management Ltd.
  • QBE Insurance Group Limited
  • Willis Towers Watson Public Limited Company
  • Zurich Insurance Group Ltd

Market breakdown by component:

Breakdown of the market by cover:

  • Total turnover coverage
  • Single buyer coverage

Market Breakdown by Company Size:

  • Large companies
  • Medium Enterprises
  • Small enterprises

Market Breakdown by Application:

Breakdown of the market by vertical sector:

  • Food and drinks
  • IT and Telecom
  • Metals and Mining
  • Health care
  • Energy and Utilities
  • Automotive
  • Others

Market Breakdown by Region:

  • North America (USA, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, others)
  • The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

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About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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