The global credit insurance market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. Credit insurance or trade credit insurance facilitates cross-border commerce and investment by defending export markets and banks against the possibility of a payment default. Today, the majority of all global trade relies on some form of credit insurance or guarantee issued by a bank, insurer, or other financial institution which clearly shows the depth of the market. Credit insurance acts as a catalyst that provides financing to the real economy across the globe.
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Moreover, by protecting exporters and banks against the risk of non-payment, credit insurance enables cross-border trade and investment which will provide an additional thrust to the market growth. With the rising import and export activities, organizations are widely investing in various financial tools, such as TCI and letters of credit (LC), to safeguard themselves from financial losses. In line with this, the increasing number of small and medium-sized enterprises (SMEs) is also contributing to the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Credit Insurance Market by Coverage
- Whole Turnover Coverage
- Single Buyer Coverage
Global Credit Insurance Market by Application
- Domestic
- International
Global Credit Insurance Market by Industry Verticles
- Food & Beverages
- IT & Telecom
- Metals & Mining
- Healthcare
- Energy & Utilities
- Automotive
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Allianz Trade (Euler Hermes)
- American International Group Inc.
- Aon plc
- Atradius N.V.
- Axa S.A.
- China Export & Credit Insurance Corp.
- Chubb Group
- Coface Group
- Credendo Group
- Empresas Grupo Cesce
- Export Development Canada
- Export-Import Bank of the United States (EXIM)
- FCIA Management Co., Inc.
- GreenLife Insurance Broking Pvt. Ltd.
- HDFC ERGO
- QBE Insurance, Ltd.
- National Insurance Co. Ltd.
- Nexus Underwriting Management Ltd.
- Willis Towers Watson Pub. Co. Ltd.
- Zurich Insurance Group. Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global credit insurance market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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