Press release
Trade Credit Insurance Market 2025: Strong Growth, Key Players, and Future Trends
Trade Credit Insurance Market
Trade Credit Insurance market expected to expand significantly over time
What Is The Projected Market Size Of The Global Trade Credit Insurance Market And Its Growth Rate?
The global trade credit insurance market has experienced substantial growth in recent years, with projected expansion as follows:
•2024 Market Size: $12.21 billion
•2025 Market Size: $13.34 billion (9.3% CAGR)
•2029 Market Size: $19.25 billion (9.6% CAGR)
The growth factors for the market include global economic uncertainty, market expansion, international trade growth, risk mitigation for small and medium enterprises (SMEs), compliance with regulatory requirements, access to financing and improved credit terms, and more.
What Is Driving The Growth In The Trade Credit Insurance Market?
The global surge in the import and export of goods and services is the primary driver of the trade credit insurance market's growth. These trade activities create increased demand for trade credit insurance, with the aim to protect trading companies' receivables from potential credit risks. According to an updated forecast from the World Trade Organization in October 2024, global goods trade is expected to grow by 2.7% in 2024, and rise by 3.0% in 2025, offering numerous growth opportunities for the trade credit insurance market.
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Who Are the Key Players Driving Trade Credit Insurance Market Growth?
•Export Development Canada
•AXA SA
•American International Group Inc.
•Chubb Limited
•Liberty Mutual Insurance Company
•Sompo Japan Insurance Inc.
•Mapfre S.A.
•Marsh & McLennan Companies Inc.
•Cesce SpA
•QBE Insurance Group Limited
•Markel Corporation
•Aon plc
•CNA Financial Corporation
•Hannover Re
•Willis Towers Watson Public Limited Company
•Zurich Insurance Group AG
•AmTrust Financial Services Inc.
•Tokio Marine HCC
•Atradius N.V.
•Euler Hermes Aktiengesellschaft
•Coface SA
•CBL Insurance Limited
•Credendo Group
•Nexus Underwriting Management Limited
•China Export & Credit Insurance Corporation (Sinosure)
•Sinosure
•CNA Hardy
What Are The Key Trends In The Trade Credit Insurance Market?
•Blockchain technology for enhanced security
•Increased demand for non-cancellable policies
•Risk mitigation strategies for supply chain disruptions
•Evolving regulatory landscape
•Rise of parametric insurance solutions
What Are The Segments Of The Global Trade Credit Insurance Market?
1) By Component: Product, Services
2) By Coverage: Whole Turnover Coverage, Single Buyer Coverage
3) By Application: Domestic, Exports
4) By Industry Vertical: Food and Beverages, IT and Telecom, Metals and Mining, Healthcare, Energy and Utilities, Automotive, Other Industry Verticals
Which Region Leads The Trade Credit Insurance Market?
Europe was the largest region in the trade credit insurance market in 2024. However, Asia-Pacific is anticipated to be the fastest-growing region in the global market during the forecast period.
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What Is Covered In The Trade Credit Insurance Global Market Report?
- Market Size Analysis: Analyze the Trade Credit Insurance Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Trade Credit Insurance Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Trade Credit Insurance Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Trade Credit Insurance Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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