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COVID-19
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Trade Credit Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global trade credit insurance market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Trade credit insurance (TCI), or credit insurance, refers to a risk management tool that covers the payment risk involved with the purchase and delivery of goods or services. It is purchased to safeguard or overcome the financial losses in case of unforeseen insolvency, bankruptcy or protracted default in payment. It protects manufacturers, traders and service providers against losses from non-payment of a commercial trade debt. The insurance is usually available to credit card users with a low percentage monthly premium on the unpaid balance of the card. TCI is also used for insuring both domestic and international trade activities and providing coverage for whole or single turnover. As a result, it is widely used across various industries, including food and beverage, information technology (IT), telecommunication, healthcare, energy and automotive.

Trade Credit Insurance Market Trends:

Significant growth in the banking, financial services and insurance (BFSI) industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement for effective solutions to protect and mitigate the risks of non-payment across various goods and service industries is providing a thrust to the market growth. With the rising import and export activities, organizations are widely investing in various financial tools, such as TCI and letters of credit (LC), to safeguard themselves from financial losses. In line with this, the increasing number of small and medium-sized enterprises (SMEs) is also contributing to the growth of the market. Various technological advancements, such as the launch of artificial intelligence (AI) and the Internet of Things (IoT)-enabled insurance solutions, are acting as other growth-inducing factors. These technologies aid in running automated business rules, self-learning models, network analysis, predictive analytics and device identification, which are highly beneficial for predicting risks. Other factors, including rapid digitization of the insurance sector, along with the implementation of favorable government policies promoting fair trade practices, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global trade credit insurance market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, coverages, enterprises size, application and industry vertical.

Breakup by Component:

  • Product
  • Services
     

Breakup by Coverages:

  • Whole Turnover Coverage
  • Single Buyer Coverage
     

Breakup by Enterprises Size:

  • Large Enterprises
  • Medium Enterprises
  • Small Enterprises
     

Breakup by Application:

  • Domestic
  • International
     

Breakup by Industry Vertical:

  • Food and Beverages
  • IT and Telecom
  • Metals and Mining
  • Healthcare
  • Energy and Utilities
  • Automotive
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American International Group Inc., Aon plc, Axa S.A., China Export & Credit Insurance Corporation, Chubb Limited (ACE Limited), Coface, Euler Hermes (Allianz SE), Export Development Canada, Nexus Underwriting Management Ltd., QBE Insurance Group Limited, Willis Towers Watson Public Limited Company and Zurich Insurance Group Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Coverages, Enterprises Size, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American International Group Inc., Aon plc, Axa S.A., China Export & Credit Insurance Corporation, Chubb Limited (ACE Limited), Coface, Euler Hermes (Allianz SE), Export Development Canada, Nexus Underwriting Management Ltd., QBE Insurance Group Limited, Willis Towers Watson Public Limited Company and Zurich Insurance Group Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global trade credit insurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global trade credit insurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the coverages?
  • What is the breakup of the market based on the enterprises size?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global trade credit insurance market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Trade Credit Insurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Product
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Coverages
    7.1    Whole Turnover Coverage
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Single Buyer Coverage
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Enterprises Size
    8.1    Large Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Medium Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Small Enterprises
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Application
    9.1    Domestic
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    International
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Industry Vertical
    10.1    Food and Beverages
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    IT and Telecom
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Metals and Mining
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Healthcare
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Energy and Utilities
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Automotive
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    American International Group Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Aon plc
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Axa S.A.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    China Export & Credit Insurance Corporation
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Chubb Limited (ACE Limited)
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Coface
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Euler Hermes (Allianz SE)
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Export Development Canada
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Nexus Underwriting Management Ltd.
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    QBE Insurance Group Limited
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Willis Towers Watson Public Limited Company
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
        16.3.12    Zurich Insurance Group Ltd
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
           16.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Trade Credit Insurance Market: Major Drivers and Challenges
Figure 2: Global: Trade Credit Insurance Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Trade Credit Insurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Trade Credit Insurance Market: Breakup by Component (in %), 2020
Figure 5: Global: Trade Credit Insurance Market: Breakup by Coverages (in %), 2020
Figure 6: Global: Trade Credit Insurance Market: Breakup by Enterprises Size (in %), 2020
Figure 7: Global: Trade Credit Insurance Market: Breakup by Application (in %), 2020
Figure 8: Global: Trade Credit Insurance Market: Breakup by Industry Vertical (in %), 2020
Figure 9: Global: Trade Credit Insurance Market: Breakup by Region (in %), 2020
Figure 10: Global: Trade Credit Insurance (Product) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Trade Credit Insurance (Product) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Trade Credit Insurance (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Trade Credit Insurance (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Trade Credit Insurance (Whole Turnover Coverage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Trade Credit Insurance (Whole Turnover Coverage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Trade Credit Insurance (Single Buyer Coverage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Trade Credit Insurance (Single Buyer Coverage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Trade Credit Insurance (Large Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Trade Credit Insurance (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Trade Credit Insurance (Medium Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Trade Credit Insurance (Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Trade Credit Insurance (Small Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Trade Credit Insurance (Small Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Trade Credit Insurance (Domestic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Trade Credit Insurance (Domestic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Trade Credit Insurance (International) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Trade Credit Insurance (International) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Trade Credit Insurance (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Trade Credit Insurance (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Trade Credit Insurance (IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Trade Credit Insurance (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Trade Credit Insurance (Metals and Mining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Trade Credit Insurance (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Trade Credit Insurance (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Trade Credit Insurance (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Trade Credit Insurance (Energy and Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Trade Credit Insurance (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Trade Credit Insurance (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Trade Credit Insurance (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Trade Credit Insurance (Other Industry Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Trade Credit Insurance (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: United States: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: United States: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Canada: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Canada: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Asia-Pacific: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Asia-Pacific: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: China: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: China: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Japan: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Japan: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: India: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: India: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: South Korea: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: South Korea: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Australia: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Australia: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Indonesia: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Indonesia: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Europe: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Europe: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Germany: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Germany: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: France: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: France: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: United Kingdom: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: United Kingdom: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Italy: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Italy: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Spain: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Spain: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Russia: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Russia: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Latin America: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Latin America: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Brazil: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Brazil: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Mexico: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Mexico: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Others: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Others: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Middle East and Africa: Trade Credit Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Middle East and Africa: Trade Credit Insurance Market: Breakup by Country (in %), 2020
Figure 90: Middle East and Africa: Trade Credit Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Global: Trade Credit Insurance Industry: SWOT Analysis
Figure 92: Global: Trade Credit Insurance Industry: Value Chain Analysis
Figure 93: Global: Trade Credit Insurance Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Trade Credit Insurance Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Trade Credit Insurance Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Trade Credit Insurance Market Forecast: Breakup by Coverages (in Million US$), 2021-2026
Table 4: Global: Trade Credit Insurance Market Forecast: Breakup by Enterprises Size (in Million US$), 2021-2026
Table 5: Global: Trade Credit Insurance Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Trade Credit Insurance Market Forecast: Breakup by Industry Vertical (in Million US$), 2021-2026
Table 7: Global: Trade Credit Insurance Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Trade Credit Insurance Market: Competitive Structure
Table 9: Global: Trade Credit Insurance Market: Key Players

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