Credit Insurance Market Share, Size, Outlook, Trend 2025

Credit Insurance Market to 2025 - Global Analysis and Forecasts by Component (Products, and Services); Enterprise Size (Small & Medium Enterprise, and Large Enterprise); & Application (Domestic, and Export)

Publication Month : Oct 2018

  • Report Code : TIPTE100000758
  • Category : Business and Financial Services
  • Status : Published
  • No. of Pages : 142
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The credit insurance market was valued at US$ 8.64 billion in 2017 and is projected to reach US$ 10.77 billion by 2025. The Credit insurance market is expected to grow at a CAGR of 2.9% during the forecast period of 2017 to 2025.

The credit insurance market refers to the type of insurance which deals with property and casualty insurance. The traders or the merchants or the exporters across the globe faces severe challenges related to slow payment, debtor’s insolvencies and bankruptcies. This factor has bolstered the adoption rate of credit insurance policies in the developed as well as developing regions. The major benefit of credit insurance which attracts the consumers is that the insurance policies protects the companies from non-payment of commercial debts. The global trade sector is experiencing a significant growth in both domestic market as well as international market, with Europe and North America being the leaders in the exporting various goods and products. Countries in Asia Pacific, Middle East and Africa, and Latin America are constantly experiencing substantial demand for trading and exporting products out the country. The global Credit Insurance market for credit insurance is expected to exhibit high growth in near future. Some of the major driving factors contributing to the market growth includes the global macro-economic instability, which is posing a severe commercial threat to the trader, thereby, increasing the adoption of credit insurance. Another factor catalyzing the demand accounted for different services offered by the companies which include sales support and account receivable support. However, the growth of global market for credit insurance accounted for several fraudulent cases related to insurance claims from both the policyholders as well as the insurance underwriters.

The market for credit insurance globally has been segmented on the basis of components into two major segment including products and services. The companies operating in the global credit insurance market design and innovate robust products and services depending upon the requirements of the customers or clients. The global credit insurance market is further bifurcated on basis of enterprise size as small & medium enterprises (SMEs) and large enterprises. The large enterprises capture a significant market share in the global credit insurance market over the years. The different types of applications of credit insurance includes domestic trading market and export trading market. The export segment in the application is much more prominent and the demand for credit insurance products and services are gaining importance in the domestic market in the current years. The global market for credit insurance is categorized on basis of five strategic regions namely; North America, Europe, Asia Pacific, Middle East and Africa, and South America. Geographically, the two most dominant region in the current market scenario accounted for Europe and North America.

Lucrative Regions in Credit insurance Market

Lucrative Regions in Credit insurance Market
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Credit insurance Market Insights

Improving Sales and Accounts Receivable Support Benefits to Accentuate the Demand for Credit Insurance

Businesses now a days are constantly focusing on enhancing their technologies, services, and customer base in order to improve the sales year on year. The credit insurance companies help the manufacturer, distributors, suppliers and other business traders with enhanced knowledge to select the appropriate customers, in order to optimize the trader to optimize their company’s bottom line. Selecting the inappropriate or wrong customers lead to credit defaulter or slow pay customers, which again negatively impact on the company’s sales. Credit insurance also offers protection against exceptional export risks by stipulating the market dynamics and knowledge across the globe in which the company operates. This offers the traders to venture into different geographies, thereby resulting in increase in customer base and ultimately improving sales. This factor also mitigates the potential risks of the company with less clientele. These factors place the trader especially an export business company at a competitive advantages position over other traders operating in the same industry.

Component -Based Market Insights

The credit insurance market has been segmented on basis of component as products and services. The products are the insurance policies offered by the underwriters, which benefits the insurance buyers or traders to understand the market scenario and the available risks related to the buyer’s business. This factor is a major driver for the product segment under component segment. On the other, the insurance companies are also dedicating their time and efforts to offer their clients with enhanced services, which is propelling the demand for credit insurance in the merchandise sector across the globe.

Credit insurance Market, by Component – 2019 and 2025

Credit insurance Market, by Component – 2019 and 2025
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Enterprise Size -Based Market Insights

The global credit insurance market is segmented on basis of enterprise size as small & medium enterprises and large enterprises. The credit insurance companies offer their products and services to every level enterprises and also alters the policies and services depending upon the enterprise size, annual revenue, trading history, historical debt loss, trade sectors and customer base. In case of the policyholder opts for political risk coverage, the premium amount is higher for both large and small & medium enterprises.

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Credit Insurance Market: Strategic Insights

credit-insurance-market
Market Size Value inUS$ 8.64 Billion in 2017
Market Size Value byUS$ 10.77 Billion by 2025
Growth rateCAGR of 2.9% from 2017-2025
Forecast Period2017-2025
Base Year2017
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Players operating in the Credit insurance market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the credit insurance market. A few developments by key players of the credit insurance market are:

In June 2018, Atradius N.V. opened branch office in Sofia, Bulgaria to strengthen its strategic presence in the burgeoning Bulgarian market, through steadily expanding exports and high GDP growth rates, creating a substantial credit insurance market volume.

In September 2018, Coface announced that it has signed a binding agreement to acquire PKZ.

Credit Insurance Market – by Component

  • Products
  • Services

Credit Insurance Market – by Application

  • Domestic
  • Exports

Credit Insurance Market – by Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

Credit Insurance Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • SAM
    • Brazil
    • Rest of SAM


Credit Insurance Market – Company Profiles

  • American International Group, Inc
  • Atradius N.V.
  • CESCE
  • China Export & Credit Insurance Corporation
  • coface sa
  • Credendo
  • Euler hermes
  • Export Development Canada
  • Qbe insurance group limited
  • zurich insurance group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component ; Enterprise Size ; & Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Euler Hermes
2. Atradius N.V.
3. Coface SA
4. American Internation Group, Inc.
5. Credendo
6. QBE Insurance Group Ltd.
7. Zurich Insurance Group
8. China Export & Credit Insurance Corporation
9. CESCE
10. Export Development Canada








The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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