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Credit Insurance Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: July, 2022
No of Pages: 155
Delivery Format: PDF + Excel

$2,950.00

Report Description

Credit Insurance Market was valued at USD 6,291.09 Million in 2018. It is expected to grow to 7,728.4 Million in 2026, increasing at a CAGR of 2.59 percent from 2019 to 2026.

The increasing use of various distribution channels and a surge in the use of social networks as a distribution channel have accelerated the development of the market throughout the forecast period. The Global Credit Insurance Market report offers a comprehensive analysis of the industry. It provides an in-depth review of the major segments and drivers, trends and restraints, the competitive landscape, and elements that play significant roles within the marketplace.

What is Credit Insurance

Credit insurance is defined as a form of commercial protection against the loss resulting from the inability of occupational mortgagors to pay their obligations in full to an insurer generally in the event of liquidation. The coverage is geared to manufacturers, wholesalers, and service providers who may be dependent on a few accounts and therefore could lose substantial income in the event of a liquidation/insolvency. It is sometimes referred to as bad debt insurance. Credit Insurance provides greater efficiency in day-to-day activities and credit processes by assisting underwriters in credit risk assessments. The insurance also provides ongoing assistance and evaluation of credit scores of prospective customers as well as countries and industries.

Credit Insurance Market

Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Global Credit Insurance Market Overview

Since competition in the insurance market is growing, cost savings and retention of customers have become essential, forcing insurance companies to find ways to boost sales and ease of use while ensuring profitability. These elements drive the development of new channels, such as call centers, mobile, and the web. Social media platforms like Facebook, LinkedIn, and Twitter have rapidly grown over the past few years. Most of these platforms have become more mature and include embedded features that allow businesses to interact with their audience. This is resulting in the increasing usage of several distribution channels, and an increase in the usage of social networks as a distribution channel is the driving force behind the market expansion during the next few years.

The current economic environment of low rates is one of the main concerns. Businesses are exposed to significant risks to their interest rates due to their fixed-income securities and specific liabilities, as fluctuations in interest rates heavily impact their assets and obligations.

Global Credit Insurance Market: Segmentation Analysis

It is believed that the Global Credit Insurance Market is divided based on geography.

Credit Insurance Market by Geography

Based on regional analysis, the Global Credit Insurance Market is divided into

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Europe had the most significant market share in 2017, and North America was the second largest 2017. Europe is home to top companies that are service suppliers. Euler Hermes, Atradius, and Coface, now named Natixis Group, are some of the companies.

Our market analysis includes an entire section dedicated to these major players, wherein our analysts offer a glimpse into the principal players’ accounts, in addition to its product benchmarking and SWOT and benchmarking. The section on competitive landscape includes development strategies for key players and market share and ranking analysis for the mentioned players worldwide.

Credit Insurance Market Share Insights

Key Developments by Major Key Players in the market are as given below.

COMPANY NAME

KEY DEVELOPMENT

DESCRIPTION

ZURICH INSURANCE GROUP LTD.AcquisitionZurich announced an agreement to acquire Adira Insurance
AIGAcquisitionAIG announced signing a definitive agreement in order to acquire Glatfelter Insurance Group

The reasons to purchase this report

  • Quantitative and qualitative analysis of the market, based on segmentation that includes both economic and non-economic variables
  • The market values (USD Billion) information for every segment and sub-segment
  • It identifies the region or segment likely to experience the most rapid expansion and dominate the market.
  • Analyzing geography, highlighting the demand for the product or service within the region, provides information on the variables that affect the market in each region.
  • A competitive landscape that includes the most prominent players’ market share, new launches of products or services and partnerships, business expansions, and acquisitions over the last five years for the companies featured.
  • A comprehensive company profile that includes a company overview, company information as well as product benchmarking, and SWOT analysis of the most prominent market players
  • The present as well as the outlook for the future market of the sector to the latest developments (which include growth opportunities and factors in addition to challenges and constraints of emerging as well as developed regions
  • In-depth analysis of the market from a variety of perspectives using Porter’s Five Forces analysis
  • Gives market insight through Value Chain
  • Market dynamics and dynamics as well as the potential for growth of the market over the years ahead
  • Support for analysts in the post-sales period of 6 months.

Table of Contents

1 INTRODUCTION 9

1.1 MARKET DEFINITION 9
1.2 MARKET SEGMENTATION 10
1.3 RESEARCH TIMELINES 11
1.4 ASSUMPTIONS 11
1.5 LIMITATIONS 12

2 RESEARCH METHODOLOGY 13

2.1 DATA MINING 13
2.2 SECONDARY RESEARCH 13
2.3 PRIMARY RESEARCH 13
2.4 SUBJECT MATTER EXPERT ADVICE 13
2.5 QUALITY CHECK 14
2.6 FINAL REVIEW 14
2.7 DATA TRIANGULATION 14
2.8 BOTTOM-UP APPROACH 15
2.9 TOP DOWN APPROACH 15
2.10 RESEARCH FLOW 16
2.11 DATA SOURCES 16

2.12 PRIMARY INTERVIEWS 17

2.12.1 PRIMARY INTERVIEW BREAKDOWN 17

3 EXECUTIVE SUMMARY 18

3.1 MARKET OVERVIEW 18
3.2 GLOBAL CREDIT INSURANCE MARKET GEOGRAPHICAL ANALYSIS 19
3.3 PREMIUM INSIGHTS 20

4 MARKET OUTLOOK 21

4.1 GLOBAL CREDIT INSURANCE MARKET OUTLOOK 21

4.2 MARKET DRIVERS 22

4.2.1 USE OF MULTIPLE DISTRIBUTION CHANNELS 22
4.2.2 EXPANSION TO NEW GEOGRAPHIC MARKETS 24

4.3 MARKET RESTRAINTS 25

4.3.1 LACK OF AWARENESS ABOUT CREDIT INSURANCE HURTING MARKET GROWTH 25
4.3.2 CONTINUED MARKET VOLATILITY 26

4.4 MARKET CHALLENGES 26

4.4.1 LOW INTEREST RATES 26
4.4.2 CONTINUED REGULATORY OVERSIGHT IN CREDIT INSURANCE MARKET 27

4.5 PORTERS FIVE FORCE MODEL 28

5 CREDIT INSURANCE IN THE DIGITAL ERA 29

6 ONLINE PLATFORM DEVELOPMENT BY KEY INSURERS 31

7 MARKET, BY GEOGRAPHY 33

7.1 KEY FINDINGS: 33
7.2 OVERVIEW 34
7.3 NORTH AMERICA 36
7.4 EUROPE 38
7.5 ASIA PACIFIC 40
7.6 LATIN AMERICA 42

8 COMPETITIVE LANDSCAPE 44

8.1 OVERVIEW 44
8.2 TOP 3 INSURERS KEY FACTS IN 2018 44
8.3 MARKET RANKING 45

9 COMPANY PROFILES 46

9.1 ZURICH INSURANCE GROUP LTD 46

9.1.1 COMPANY OVERVIEW 46
9.1.2 ZURICH : KEY FACTS 46
9.1.3 BUSINESS BREAKDOWN 47
9.1.4 PRODUCT BENCHMARKING 47
9.1.5 KEY DEVELOPMENTS 47
9.1.6 SWOT ANALYSIS 48

9.2 AIG 49

9.2.1 COMPANY OVERVIEW 49
9.2.2 AIG : KEY FACTS 49
9.2.3 SEGMENT BREAKDOWN 50
9.2.4 PRODUCT BENCHMARKING 50
9.2.5 KEY DEVELOPMENTS 51
9.2.6 SWOT ANALYSIS 51

9.3 CHUBB 52

9.3.1 COMPANY OVERVIEW 52
9.3.2 CHUBB : KEY FACTS 53
9.3.3 BUSINESS BREAKDOWN 53
9.3.4 PRODUCT BENCHMARKING 53
9.3.5 KEY DEVELOPMENTS 54
9.3.6 SWOT ANALYSIS 54

9.4 EULER HERMES 55

9.4.1 COMPANY OVERVIEW 55
9.4.2 EULER HERMES: KEY FACTS 55
9.4.3 SEGMENT BREAKDOWN 56
9.4.4 PRODUCT BENCHMARKING 56
9.4.5 KEY DEVELOPMENTS 57
9.4.6 SWOT ANALYSIS 58

9.5 ATRADIUS 59

9.5.1 COMPANY OVERVIEW 59
9.5.2 ATRADIUS : KEY FACTS 59
9.5.3 SEGMENT BREAKDOWN 60
9.5.4 PRODUCT BENCHMARKING 60
9.5.5 KEY DEVELOPMENTS 60
9.5.6 SWOT ANALYSIS 61

9.6 COFACE 62

9.6.1 COMPANY OVERVIEW 62
9.6.2 COFACE: KEY FACTS 62
9.6.3 SEGMENT BREAKDOWN 63
9.6.4 PRODUCT BENCHMARKING 63
9.6.5 KEY DEVELOPMENTS 64
9.6.6 SWOT ANALYSIS 65

9.7 CREDENDO GROUP 66

9.7.1 COMPANY OVERVIEW 66
9.7.2 CREDENDO GROUP : KEY FACTS 66
9.7.3 PRODUCT BENCHMARKING 67
9.7.4 KEY DEVELOPMENTS 67

9.8 QBE INSURANCE GROUP LTD. 68

9.8.1 COMPANY OVERVIEW 68
9.8.2 QBE INSURANCE GROUP LTD : KEY FACTS 68
9.8.3 SEGMENT BREAKDOWN 69
9.8.4 PRODUCT BENCHMARKING 69

9.9 CESCE 70

9.9.1 COMPANY OVERVIEW 70
9.9.2 CESCE: KEY FACTS 70
9.9.3 PRODUCT BENCHMARKING 70

9.10 EQUINOX 71

9.10.1 COMPANY OVERVIEW 71
9.10.2 EQUINOX : KEY FACTS 71
9.10.3 PRODUCT BENCHMARKING 72
9.10.4 KEY DEVELOPMENTS 72

LIST OF TABLES

TABLE 1 GLOBAL CREDIT INSURANCE MARKET, BY GEOGRAPHY, 2016 2025 (USD MILLION) 35
TABLE 2 NORTH AMERICA CREDIT INSURANCE MARKET, BY COUNTRY, 2016 2025 (USD MILLION) 37
TABLE 3 EUROPE CREDIT INSURANCE MARKET, BY COUNTRY, 2016 2025 (USD MILLION) 39
TABLE 4 ASIA PACIFIC CREDIT INSURANCE MARKET, BY COUNTRY, 2016 2025 (USD MILLION) 41
TABLE 5 LATIN AMERICA CREDIT INSURANCE MARKET, BY COUNTRY, 2016 2025 (USD MILLION) 43
TABLE 6 ZURICH INSURANCE GROUP LTD: PRODUCT BENCHMARKING 47
TABLE 7 ZURICH INSURANCE GROUP LTD: COMPANY LANDSCAPE 47
TABLE 8 AIG: PRODUCT BENCHMARKING 50
TABLE 9 AIG: COMPANY LANDSCAPE 51
TABLE 10 CHUBB: PRODUCT BENCHMARKING 53
TABLE 11 CHUBB: COMPANY LANDSCAPE 54
TABLE 12 EULER HERMES: PRODUCT BENCHMARKING 56
TABLE 13 EULER HERMES: COMPANY LANDSCAPE 57
TABLE 14 ATRADIUS: PRODUCT BENCHMARKING 60
TABLE 15 ATRADIUS: COMPANY LANDSCAPE 60
TABLE 16 COFACE: PRODUCT BENCHMARKING 63
TABLE 17 COFACE: COMPANY LANDSCAPE 64
TABLE 18 CREDENDO GROUP: PRODUCT BENCHMARKING 67
TABLE 19 CREDENDO GROUP: COMPANY LANDSCAPE 67
TABLE 20 QBE INSURANCE GROUP LTD: PRODUCT BENCHMARKING 69
TABLE 21 CESCE: PRODUCT BENCHMARKING 70
TABLE 22 EQUINOX: PRODUCT BENCHMARKING 72
TABLE 23 EQUINOX: COMPANY LANDSCAPE 72

LIST OF FIGURES

FIGURE 1 GLOBAL CREDIT INSURANCE MARKET SEGMENTATION 10
FIGURE 2 RESEARCH TIMELINES 11
FIGURE 3 DATA TRIANGULATION 14
FIGURE 4 MARKET RESEARCH FLOW 16
FIGURE 5 DATA SOURCES 16
FIGURE 6 PRIMARY INTERVIEWS BREAKDOWN 17
FIGURE 7 GLOBAL CREDIT INSURANCE MARKET OVERVIEW 18
FIGURE 8 GLOBAL CREDIT INSURANCE MARKET GEOGRAPHICAL ANALYSIS, 2017 19
FIGURE 9 GLOBAL CREDIT INSURANCE MARKET: PREMIUM INSIGHTS 20
FIGURE 10 GLOBAL CREDIT INSURANCE MARKET OUTLOOK 21
FIGURE 11 PORTERS FIVE FORCE MODEL 28
FIGURE 12 GLOBAL CREDIT INSURANCE MARKET, BY GEOGRAPHY, 2016 – 2025 35
FIGURE 13 NORTH AMERICA MARKET SNAPSHOT 36
FIGURE 14 NORTH AMERICA CREDIT INSURANCE MARKET, BY COUNTRY, 2017 37
FIGURE 15 EUROPE MARKET SNAPSHOT 38
FIGURE 16 EUROPE CREDIT INSURANCE MARKET, BY COUNTRY, 2017 39
FIGURE 17 ASIA PACIFIC MARKET SNAPSHOT 40
FIGURE 18 ASIA PACIFIC CREDIT INSURANCE MARKET, BY COUNTRY, 2017 41
FIGURE 19 LATIN AMERICA MARKET SNAPSHOT 42
FIGURE 20 LATIN AMERICA CREDIT INSURANCE MARKET, BY COUNTRY, 2017 43
FIGURE 21 CREDIT INSURANCE MARKET SHARE, 2018 45
FIGURE 22 ZURICH INSURANCE GROUP LTD: COMPANY INSIGHT 46
FIGURE 23 ZURICH INSURANCE GROUP LTD: SEGMENT BREAKDOWN 47
FIGURE 24 ZURICH INSURANCE GROUP LTD: SWOT ANALYSIS 48
FIGURE 25 AIG: COMPANY INSIGHT 49
FIGURE 26 AIG: SEGMENT BREAKDOWN 50
FIGURE 27 AIG: SWOT ANALYSIS 51
FIGURE 28 CHUBB: SEGMENT BREAKDOWN 53
FIGURE 29 CHUBB: SEGMENT BREAKDOWN 53
FIGURE 30 CHUBB: SWOT ANALYSIS 54
FIGURE 31 EULER HERMES : COMPANY INSIGHT 55
FIGURE 32 EULER HERMES : SEGMENT BREAKDOWN 56
FIGURE 33 EULER HERMES : SWOT ANALYSIS 58
FIGURE 34 ATRADIUS: COMPANY INSIGHT 59
FIGURE 35 ATRADIUS: SEGMENT BREAKDOWN 60
FIGURE 36 ATRADIUS : SWOT ANALYSIS 61
FIGURE 37 COFACE: COMPANY INSIGHT 62
FIGURE 38 COFACE: SEGMENT BREAKDOWN 63
FIGURE 39 COFACE : SWOT ANALYSIS 65
FIGURE 40 CREDENDO GROUP: COMPANY INSIGHT 66
FIGURE 41 QBE INSURANCE GROUP LTD: COMPANY INSIGHT 68
FIGURE 42 QBE INSURANCE GROUP LTD: SEGMENT BREAKDOWN 69
FIGURE 43 CESCE: COMPANY INSIGHT 70
FIGURE 44 EQUINOX: SEGMENT BREAKDOWN 71

Major Segmentation

Global Credit Insurance Market: Segmentation Analysis

It is believed that the Global Credit Insurance Market is divided based on geography.

Credit Insurance Market by Geography

Based on regional analysis, the Global Credit Insurance Market is divided into

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Major Companies

COMPANY NAME

KEY DEVELOPMENT

DESCRIPTION

ZURICH INSURANCE GROUP LTD.AcquisitionZurich announced an agreement to acquire Adira Insurance
AIGAcquisitionAIG announced signing a definitive agreement in order to acquire Glatfelter Insurance Group

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