Credit Insurance Market size is estimated to be USD 13.56 Billion in 2024 and is expected to reach USD 25.67 Billion by 2033 at a CAGR of 8.1% from 2026 to 2033.
The global credit insurance market was valued at approximately USD 16.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The growth is driven by an increasing need for businesses to safeguard their accounts receivable and mitigate risks arising from defaults and insolvencies. Credit insurance offers protection for businesses engaged in trade, ensuring that they can recover from non payment risks. Europe holds the largest market share in the credit insurance sector, accounting for nearly 40% of the global market in 2022. This is primarily due to the robust industrial base in the region, along with the prevalence of well established credit insurance providers. The Asia Pacific region, however, is anticipated to witness the highest growth rate, with a CAGR of 5.9%, driven by expanding economies and increasing cross border trade in countries like China and India, which further boost the demand for trade credit solutions.
North America also remains a significant market for credit insurance, holding a notable share in 2022 due to a strong business environment and growing adoption of credit protection services. The market in Latin America is expected to grow moderately, primarily due to emerging business opportunities and the adoption of financial instruments that mitigate credit risk in the region. The Middle East and Africa (MEA) region is gradually adopting credit insurance, with increasing demand in countries with expanding construction and trade sectors. Opportunities for growth are expected in the region, driven by a combination of favorable regulations and rising awareness about the benefits of credit protection for businesses engaged in international trade.
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Sinosure
Euler Hermes
Atradius
Coface
Zurich
Credendo Group
QBE Insurance
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Credit Insurance Market
Trade Credit Insurance
Political Risk Insurance
Export Credit Insurance
Non-payment Insurance
Small and Medium Enterprises (SMEs)
Large Corporations
Public Sector Entities
Financial Institutions
Comprehensive Coverage
Limited Coverage
Single-Buyer Coverage
Multi-Buyer Coverage
Direct Sales
Brokers and Agents
Online Platforms
Financial Advisors
Manufacturing
Retail
Construction
Utilities
Agriculture
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Credit Insurance Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Credit Insurance Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Credit Insurance Market, By Type
6. Global Credit Insurance Market, By Application
7. Global Credit Insurance Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Credit Insurance Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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