Credit Insurance Market Expected to Reach US$ 10.77 Bn by 2025 – Euler Hermes, Atradius, Coface, American Internation Group, Credendo

Press Release

The global Credit Insurance market is anticipated accounted to US$ 8.64 Bn in 2017 and is expected to grow at a CAGR of 2.9% during the forecast period 2018 – 2025, to account to US$ 10.77 Bn by 2025. Growth in the recent five years is primarily driven by two major factors, unstable macroeconomic factors that are influencing the growth of credit insurance, and improving sales & accounts receivable support benefits to accentuate the demand for credit insurance.

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Key players in the market are in cashing the opportunity to gain maximum benefit from on the opportunities in emerging markets. Some of the major players in the credit insurance market include Atradius N.V., Coface, Zurich Insurance Group Ltd., Euler Hermes, Credendo Group, QBE Insurance Ltd., Cesce, American International Group Inc., Export Development Canada, and China Export & Credit Insurance Corporation (Sinosure) among others. Various other companies also operate in the global market, with enhanced products and services and significant customer base.

Political as well as regulatory disruptions around the world have caused a paradigm shift in the method trade is being carried out globally. Businesses today are driven by higher innovation arising from increasing consumer expectations to stay competitive in the market, whereas the new entrants look to disrupt the traditional businesses and garner market share from incumbent players. This has led to high uncertainties regarding the sustainability of a particular business and therefore, the need to ensure a business for recovering losses in case any has become mandatory for businesses today. Business owners are therefore getting keener on ensuring their businesses and transactions to keep up with the technology development, while also focus on growing the top-line sales along with bolstering the bottom line profitability. Different industry verticals require different coverage of insurance. The insurance premium greatly varies on the political, economic and technological scenario in the countries. Liberalization of the markets, as well as an increase in cross-border shipments across the globe, are the two prime factors that have led to increasing market attractiveness for the credit insurance in the domestic trade as well as international trade arena.

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The credit insurance market has been segmented on the basis of components into the following segments including products and services. The credit insurance market has been further bifurcated on the basis of enterprise size into small & medium enterprise (SMEs) and large enterprise. Also, the credit insurance market has been segmented based on the application into the domestic market and the export market. Geographically the credit insurance market is presently dominated by developed regions including, Europe and North America. However, the credit insurance market is expected to be in favor of the Asia Pacific and the Middle East and Africa in the coming years. The developing economies of APAC are experiencing a tremendous growth in their FDIs for various industry verticals. China’s policy stimulus for credit insurance, the increased role for export credit insurance and the liberalized export credit market in conjunction with an increasing SME involvement, have been the primary driving factors for the credit insurance market in the Asia Pacific. Growing trade of South East Asian countries with the Western countries of the world provides huge potentials for the credit insurance market to prosper. 

Table of Contents: 

  1. INTRODUCTION 14
    1.1 SCOPE OF THE STUDY 14
  2. KEY TAKEAWAYS 16

3. CREDIT INSURANCE MARKET LANDSCAPE 20
3.1 MARKET OVERVIEW 20
3.2 MARKET SEGMENTATION 21
3.2.1 Credit Insurance Market – By Component 22
3.2.2 Credit Insurance Market – By Enterprise Size 22
3.2.3 Credit Insurance Market – By Application 23
3.2.4 Credit Insurance Market – By Geography 23
3.3 PEST ANALYSIS 24
3.3.1 North America – PEST Analysis 24
3.3.2 Europe – PEST Analysis 26
3.3.3 Asia Pacific – PEST Analysis 28
3.3.4 Middle East and Africa – PEST Analysis 30
3.3.5 South America – PEST Analysis 32

4. CREDIT INSURANCE MARKET – KEY INDUSTRY DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Unstable Macro-Economic Factors are Influencing the Growth of Credit Insurance 34
4.1.2 Improving Sales and Accounts Receivable Support Benefits to Accentuate the Demand for Credit Insurance 34
4.2 KEY MARKET RESTRAINTS 35
4.2.1 Fraudulent Policies and Claims are Limiting the Market Growth 35
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Asia Pacific a Lucrative Region for Credit Insurance Companies 35
4.4 FUTURE TRENDS 36
4.4.1 Simplified Insurance Claiming Procedures 36
4.4.2 Integration of Technology to Boost the Market Growth 36
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 37

5. CREDIT INSURANCE – PREMIUM INSIGHTS 38
5.1 CREDIT INSURANCE REGULATORY FRAMEWORK 38
5.2 CREDIT INSURANCE RISK ANALYSIS 39
5.2.1 Credit Insurance Political and Commercial Risk: 39

6. CREDIT INSURANCE – GLOBAL MARKET ANALYSIS 40
6.1 GLOBAL CREDIT INSURANCE MARKET OVERVIEW 40
6.2 GLOBAL CREDIT INSURANCE MARKET FORECAST AND ANALYSIS 41

7. CREDIT INSURANCE MARKET REVENUE AND FORECASTS TO 2025 – COMPONENT 43

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