Trade Credit Insurance Market Scope
Trade credit insurance provides cover for businesses if customers who owe money for services or products do not pay their debts, or pay them later than the payment terms dictate. It gives businesses the confidence to extend credit to new customers and improves access to funding, often at more competitive rates. Trade credit insurance is for products and services that are due within 12 months. COVID-19 pandemic has accelerated the demand for trade credit insurance. This can be attributed to the increased uncertainty and protectionism in global trade, which is set to boost demand for trade credit insurance.
The Trade Credit Insurance market study is segmented and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Trade Credit Insurance market throughout the predicted period.
Atradius (Netherlands), Coface (France), Zurich Insurance Group (Switzerland), Credendo Group (Belgium), QBE Insurance (Australia), Cesce (Spain), EULER HERMES (A Allianz Company) (Germany), Marsh Inc. (United States), Aon (United Kingdom), AXA (France), AIG (United States) and PingAn (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are HDFC Ergo (India) and Great American Insurance Company (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Trade Credit Insurance market by Type, Application and Region.
On the basis of geography, the market of Trade Credit Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 16 Jan 2017, Indian insurer HDFC ERGO has announced the launch of a new trade credit insurance product. The product will cover businesses against the commercial risks of their buyer’s defaults. Causes of loss covered by the policy will include insolvency and default.
- Exponential Growth in International Trades across the Globe
- Increasing Demand for Trade Credit Insurance Coverage So As To Ensure Protection against Unique Export Risks
- COVID-19 Pandemic Has Boosted the Demand for Trade Credit Insurance
- The Shift in the Distribution of Insurance towards Digitalization and Technology Platforms Presents Huge Opportunities in the Trade Credit Insurance Space
- An Availability of Alternate Policy Options such As Self Insurance
Key Target AudienceTrade Credit Insurance Companies, Trade Credit Insurance Brokers/Agents, Regulatory & Government Bodies, Industry Associations, Upstream & Downstream Vendors, End Users and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase