The report offers detailed coverage of Credit Insurance industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Credit Insurance by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Credit insurance or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Credit insurance product is a type of property and casualty insurance.
Global Credit Insurance market is expected to grow at a CAGR of 2.15% from 11011.9 million USD in 2017 to reach 12508.9 million USD by 2023. Demand for credit insurance continues to grow as new markets open up and trade continues to become more global. However, the market is clearly cyclical, with a strong correlation with GDP. Credit insurers faced weaker economic conditions that negatively affected their underwriting performance during 2013-2014.
The Global Credit Insurance market is expected to witness expansion in the near future. The credit insurance market is a huge market with low penetration. This market has a huge yet unrealized potential. Regulatory and insolvency frameworks vary widely between different countries, and although there is generally an upward trend in corporate insolvencies, the differences in frameworks and in reporting standards make comparison difficult. These factors have contributed to an increased awareness of and focus on trade risks on credit.
The report forecast global Credit Insurance market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Credit Insurance market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Sinosure
Euler Hermes
Atradius
Coface
Zurich
Credendo Group
QBE Insurance
Cesce
At the same time, we classify Credit Insurance according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Domestic Trade
Export Trade
Market by Application
Buyer: Turnover below EUR 5 Million
Buyer: Turnover above EUR 5 Million
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Credit Insurance market for the forecast period 2021 - 2025?
• What are the driving forces in the Credit Insurance market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Credit Insurance industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?