Global Credit Insurance Market Segment by Component(Product & Services), By Coverages(Whole Turnover & Single Buyer Coverage), by Enterprises Size(Large, Medium and Small Enterprises), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Report ID 134745
Published Date 06 Dec
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Report Details

Introduction: What is Credit Insurance?

Credit insurance is a type of financial protection that covers the debt owed on a loan or credit card in the event of a borrower’s death, disability, or involuntary unemployment. It is designed to provide peace of mind for borrowers and their families by ensuring that outstanding debts are not passed on to them in the event of unexpected hardship.

The cost of credit insurance varies depending on the amount being borrowed and other factors such as age and health. Generally, it is calculated as a percentage of the total loan amount, with premiums paid either upfront or spread out over time. There may also be additional fees associated with setting up a credit insurance policy or making changes to existing coverage.

Market Insight:

The credit insurance market is a rapidly growing sector that provides businesses with protection against losses due to the non-payment of invoices by customers. Credit insurance is an important tool for companies that rely on the timely payment of their debts, as it safeguards them against potential losses resulting from delayed or defaulted payments. With the increasing complexity of international transactions and tightening regulatory standards, credit insurers are offering more comprehensive solutions to serve the needs of global organizations.

The Credit Insurance Market size was valued at USD 6506.79 Million in 2022 and is projected to reach USD 8145.43 Million by 2030, growing at a CAGR of 4.1% from 2023 to 2030. It is expected to continue its rapid growth over the next few years, owing to its ability to reduce risk exposure and strengthen financial stability for companies. This growth can be attributed to rising demand from small-to-medium-sized enterprises (SMEs), as they look for ways to manage their accounts receivable without straining their working capital reserves.

Figure: The below figure indicated a graphical representation of the report along with market Sales Value (USD In Bn) & Y-O-Y growth rate:

Global Market 2022-2032

Growth in manufacturing and industrialization are the primary factors driving market expansion. Due to the activities in downstream businesses, the market has experienced rapid growth in flap discs over the last decade. The development phase has seen significant changes due to both the expansion in production capacity and the investment made by the downstream businesses. Both the expansion in production capacity and the economic investments have significantly affected the growth phase.

Competitive Spectrum – Top Companies leveraging Credit Insurance Market:

Euler Hermes
Atradius
Coface
Zurich
Credendo Group
QBE Insurance
Cesce

Important Developments

ZURICH Insurance Group LTD. announced that it has acquired Adira Insurance.

AIG announced that it had signed a definitive agreement for Glatfelter Insurance Group acquisition.

Key Segments
Segment by Component:

Product
Services

Segment by Coverages:

Whole Turnover Coverage
Single Buyer Coverage

Segment by Enterprises Size:

Large Enterprises
Medium Enterprises
Small Enterprises

Segment by Application:

Domestic
International

Segment by Industry Vertical:

Food and Beverages
I.T.and TelecomMetals and Mining
Healthcare
Energy and Utilities

Table Of Content

1. Credit Insurance Market Introduction

1.1. Definition
1.2. Taxonomy
1.3. Research Scope

2. Executive Summary

2.1. Key Findings by Major Segments
2.2. Top strategies by Major Players

3. Global Credit Insurance Market Overview

3.1. Credit Insurance Market Dynamics

3.1.1. Drivers
3.1.2. Opportunities
3.1.3. Restraints
3.1.4. Challenges

3.2. PESTLE Analysis
3.3. Opportunity Map Analysis
3.4. PORTER’S Five Forces Analysis
3.5. Market Competition Scenario Analysis
3.6. Product Life Cycle Analysis
3.7. Opportunity Orbits
3.8. Manufacturer Intensity Map

4. Global Credit Insurance Market Value (US$ Mn), Share (%), and Growth Rate (%) Comparison by Type, 2012-2028

4.1. Global Credit Insurance Market Analysis by Type: Introduction
4.2. Market Size and Forecast by Region
4.3. Commercial

4.4 Investment Insurance

5. Global Credit Insurance Market Value (US$ Mn), Share (%), and Growth Rate (%) Comparison by Application, 2012-2028

5.1. Global Credit Insurance Market Analysis by Application: Introduction
5.2. Market Size and Forecast by Region
5.3. Domestic Trade
5.4. Export Trade

6. Global Credit Insurance Market Value (US$ Mn), Share (%), and Growth Rate (%) Comparison by Region, 2012-2028

6.1. North America

6.1.1. North America Credit Insurance Market: Regional Trend Analysis

6.1.1.1. US
6.1.1.2. Canada
6.1.1.3. Mexico

6.2. Europe

6.2.1. Europe Credit Insurance Market: Regional Trend Analysis

6.2.1.1. Germany
6.2.1.2. France
6.2.1.3. UK
6.2.1.4. Russia
6.2.1.5. Italy
6.2.1.6. Rest of Europe

6.3. Asia-Pacific

6.3.1. Asia-Pacific Credit Insurance Market: Regional Trend Analysis

6.3.1.1. China
6.3.1.2. Japan
6.3.1.3. Korea
6.3.1.4. India
6.3.1.5. Rest of Asia

6.4. Latin America

6.4.1. Latin America Credit Insurance Market: Regional Trend Analysis

6.4.1.1. Brazil
6.4.1.2. Argentina
6.4.1.3. Rest of Latin America

6.5. Middle East and Africa

6.5.1. Middle East and Africa Credit Insurance Market: Regional Trend Analysis

6.5.1.1. GCC
6.5.1.2. South Africa
6.5.1.3. Israel
6.5.1.4. Rest of MEA
7. Global Credit Insurance Market Competitive Landscape, Market Share Analysis, and Company Profiles

7.1. Market Share Analysis
7.2. Company Profiles
7.3. Euler Hermes

7.3.1. Company Overview
7.3.2. Financial Highlights
7.3.3. Product Portfolio
7.3.4. SWOT Analysis
7.3.5. Key Strategies and Developments

7.4. Atradius

7.4.1. Company Overview
7.4.2. Financial Highlights
7.4.3. Product Portfolio
7.4.4. SWOT Analysis
7.4.5. Key Strategies and Developments

7.5. Coface

7.5.1. Company Overview
7.5.2. Financial Highlights
7.5.3. Product Portfolio
7.5.4. SWOT Analysis
7.5.5. Key Strategies and Developments

7.6. Zurich

7.6.1. Company Overview
7.6.2. Financial Highlights
7.6.3. Product Portfolio
7.6.4. SWOT Analysis
7.6.5. Key Strategies and Developments

7.7. Credendo Group

7.7.1. Company Overview
7.7.2. Financial Highlights
7.7.3. Product Portfolio
7.7.4. SWOT Analysis
7.7.5. Key Strategies and Developments

7.8. QBE Insurance

7.8.1. Company Overview
7.8.2. Financial Highlights
7.8.3. Product Portfolio
7.8.4. SWOT Analysis
7.8.5. Key Strategies and Developments

7.9. Cesce

7.9.1. Company Overview
7.9.2. Financial Highlights
7.9.3. Product Portfolio
7.9.4. SWOT Analysis
7.9.5. Key Strategies and Developments

8. Assumptions and Acronyms
9. Research Methodology
10. Contact
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- Company Revenue Statistics
- Rising Regional Opportunities
- Technology Trends and Dynamics
- Technology Assessment
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Research Insights & Deliverables
- Development and Future Forecast
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- Company Revenue Statistics
- Rising Regional Opportunities
- Technology Trends and Dynamics
- Technology Assessment