Press release
Credit Insurance Market Top Key Players and Industry Growth by Forecast to 2025 | Credendo, QBE Insurance Group Ltd., Zurich Insurance Group, China Export & Credit Insurance Corporation, CESCE, Export Development Canada
Credit Insurance Market
The global credit insurance market is expected to exhibit high growth in the near future. Some of the major driving factors contributing to the market growth include the global macro-economic instability, which is posing a severe commercial threat to the trader, thereby, increasing the adoption of credit insurance. Another factor catalyzing the demand accounted for different services offered by the companies which include sales support and account receivable support.
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Strategic Insights
The market initiative was observed as the most adopted strategy in global credit insurance market. Few of the recent strategies by some of the players in credit insurance market landscape are listed below-
• 2018: Atradius N.V. opened branch office in Sofia, Bulgaria to strengthen its strategic presence in the burgeoning Bulgarian market, through steadily expanding exports and high GDP growth rates, creating a substantial credit insurance market volume.
• 2018: Zurich Insurance Group accelerated its Trade Credit Digital Transformation through Tinubu Square's SaaS solutions and services, in order to manage and automate the full lifecycle of its products from commercial and risk underwriting to claims payments on a single cloud platform.
• 2018: Credendo Announced a Euro 40 Million Capital Increase in Its Subsidiary Credendo - Single Risk by aiming at grabbing business opportunities arising from the single-risk insurance business segment and global demand for protection against geopolitical risks.
Latest market study on Credit Insurance Market to 2025 - Global Analysis and Forecasts Component (Products, and Services); Enterprise Size (Small & Medium Enterprise, and Large Enterprise); & Application (Domestic, and Export) - Global Analysis and Forecast”, the credit insurance market is estimated to reach US$ 10.77 Bn by 2025. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The key industry players operating in credit insurance market globally
• Euler Hermes,
• Atradius N.V.,
• Coface SA,
• American International Group, Inc.,
• Credendo,
• QBE Insurance Group Ltd.,
• Zurich Insurance Group,
• China Export & Credit Insurance Corporation,
• CESCE,
• Export Development Canada and among others
Several other participants are also operational in global credit insurance market that offers its customers with robust products and solutions, thereby catalyzing the demand of credit insurance market.
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GLOBAL CREDIT INSURANCE MARKET- MARKET SEGMENTATION
By Component
• Products
• Services
By Enterprise Size
• Small & Medium Enterprise
• Large Enterprise
By Application
• Domestic
• Exports
By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SA)
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