According to HTF MI, “Global Business Credit Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Business Credit Insurance Market is anticipated to grow at a compound annual growth rate (CAGR) of 6% from 2024 to 2030, reaching USD 8.5 Billion in 2024 and USD 9.6 Billion by 2030.
Business credit insurance, also known as trade credit insurance or commercial credit insurance, is a risk management tool used by businesses to protect themselves against non-payment or default by their customers.
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Key and developing players who have been highlighted as part of the coverage include Euler Hermes Group (France), Coface SA (France), Atradius N.V. (Netherlands), Zurich Insurance Group Ltd. (Switzerland), Credendo (Belgium), QBE Insurance Group Limited (Australia), Tokio Marine HCC (United States), American International Group, Inc. (AIG) (United States), Chubb Limited (Switzerland), Sinosure (China), Export Development Canada (EDC) (Canada).
Business Credit Insurance
Market Drivers
- The growing complexity of supply chains and the interconnectivity of business networks have made businesses more vulnerable to disruptions, making credit insurance a valuable risk mitigation tool.
Market Trend
- Increasing globalization and international trade have created a higher demand for business credit insurance as companies face higher risks associated with trading across borders.
Market Opportunities
- Emerging markets present significant growth opportunities for business credit insurance providers as businesses in these regions seek to manage their credit risks more effectively.
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Key Market Segmentation:
The report has categorized the Business Credit Insurance market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Whole turnover policy, Single buyer policy, Transactional policy, Others
Market Breakdown by Types:
- Large Enterprise, Small and Medium Enterprise (SMEs)
Report Scope
The Market size value in 2024 (USD 8.5 Billion)
Revenue Forecast by 2033 (USD 9.6 Billion)
Growth Rate CAGR Of (6%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Euler Hermes Group (France), Coface SA (France), Atradius N.V. (Netherlands), Zurich Insurance Group Ltd. (Switzerland), Credendo (Belgium), QBE Insurance Group Limited (Australia), Tokio Marine HCC (United States), American International Group, Inc. (AIG) (United States), Chubb Limited (Switzerland), Sinosure (China), Export Development Canada (EDC) (Canada)
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Key highlights of the report:
- Business Credit Insurance Market Performance (2019-2023)
- Business Credit Insurance Market Outlook (2024-2030)
- Business Credit Insurance Market Trends
- Business Credit Insurance Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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