The rapid digitization of the insurance sector is driving growth

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Global Market for Trade Credit Insurance

Global Market for Trade Credit Insurance

Global Market for Trade Credit Insurance

Dublin, March 17, 2023 (GLOBE NEWSWIRE) — The Trade Credit Insurance Market Size, Share & Trends Analysis Report by Enterprise Size (Large, SME), by Coverage (Total Turnover, Single Buyer), by application, by end user (Energy, Food & Beverage), by region and forecast by segment, 2022 – 2030″ report added to supply.

The global trade credit insurance market size is expected to reach US$ 19.85 billion by 2030, registering a CAGR of 11.1% during the forecast period.

Demand for trade credit insurance (TCI) is gaining momentum as the pandemic has led to increased uncertainty in global business. In addition, the temporary shutdown of production units has resulted in increased losses for businesses due to which arrears have increased significantly, acting as one of the key drivers of the industry.

The COVID-19 pandemic has significantly affected the global industry. Lockdowns were put in place due to the pandemic, resulting in a temporary ban on imports and exports and production in multiple industries.

TCI witnessed a decline due to the global lockdown caused by the pandemic and import and export ban. However, demand for TCI is increasing from 2021 due to financial uncertainty. Europe achieved the highest revenue share in 2021 and is expected to maintain its position during the forecast period.

This is due to the presence of large companies such as Chubb, Zurich, Allianz Trade, Coface and Atradius NV in the region. Widespread adoption of modern technologies and government schemes are also expected to support companies in the region by promoting TCI. Asia Pacific is expected to expand at the highest CAGR during the forecast period.

This is due to the growth of small and medium-sized enterprises (SMEs) in the region and the increase in exports and imports to countries such as India, China, Japan and Australia. Mergers and acquisitions, partnerships, agreements and expansion are the key strategies adopted by companies operating in the global industry. For example, in May 2022 Coface entered into a strategic partnership in credit insurance with Doha Insurance Group (DIG), the third largest insurance player by gross written premiums in Qatar. The partnership aims to provide credit insurance products to Qatari companies, thereby boosting their growth in exports as well as in the domestic market.

Trade Credit Insurance Market Report Highlights

  • The large enterprise size segment accounts for the largest share in 2021 due to large enterprises that engage in wholesale trade, collect a large amount of data, and are vulnerable to market or regional fluctuations

  • The SME segment will register the fastest CAGR from 2022 to 2030 owing to the various schemes introduced by governments across the world to support SMEs. For example, the African Development Bank introduced the Transaction Assurance Scheme in 2021. It was supported by the World Bank and was aimed at helping businesses, SMEs and local banks with the ultimate goal of increasing trade to and from Africa

  • Total turnover coverage segment led the industry in 2021 as total turnover TCI provides better protection and is an excellent risk management solution as it enables coverage for all receivables and reduces credit risk

  • Single buyer coverage segment to register fastest CAGR from 2022 to 2030 due to single buyer policy providing highly customized protection against economic and political threats

  • The international applications segment led the market in 2021 as it reduces payment risks associated with doing business internationally. The domestic segment is likely to register the fastest CAGR from 2022 to 2030 due to the rise in the use of TCI to protect domestic receivables

Key Attributes:

Report attribute


Number of pages


Forecast period

2022 – 2030

Estimated Market Value (USD) in 2022

$8.58 billion

Estimated Market Value (USD) to 2030

$19.85 billion

Compound Annual Growth Rate


Regions covered


Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Summary

Chapter 3 Trade Credit Insurance Industry Outlook
3.1 Parent Market Outlook
3.2 Mapping the market size, penetration and growth prospects
3.3 Regulatory Scenario
3.4 Trade credit insurance market – Market dynamics
3.4.1 Market Engine Analysis Rapid market expansion into new regions Rapid digitization of the insurance sector
3.4.2 Analysis of market challenges Diverse and conflicting trade regulations in different regions
3.4.3 Analysis of market opportunities Introduction of new technologies
3.5 Trade Credit Insurance Market – PESTEL Analysis
3.6 Trade credit insurance market – Porter’s five forces analysis
3.7 Analysis of the impact of COVID-19 on the trade credit insurance market

Chapter 4 Trade Credit Insurance Enterprise Size Forecast
4.1 Trade Credit Insurance Market Share by Enterprise Size, 2021
4.2 Large Enterprise
4.2.1 Large enterprise trade credit insurance market, 2017 – 2030
4.3 Small and medium enterprises
4.3.1 Small and Medium Enterprise Market for Trade Credit Insurance, 2017 – 2030

Chapter 5 Prospects for Trade Credit Insurance Coverage
5.1 Trade Credit Insurance Market Share by Coverage, 2021
5.2 Coverage of the entire turnover
5.2.1 Trade credit insurance covering the entire turnover, 2017 – 2030
5.3 Single Purchaser Coverage
5.3.1 Single Buyer Trade Credit Insurance Coverage Market, 2017 – 2030

Chapter 6 Prospects for Trade Credit Insurance
6.1 On Demand Trade Credit Insurance Market Share, 2021
6.2 Domestic
6.2.1 Trade credit insurance domestic market, 2017 – 2030
6.3 International
6.3.1 International Trade Credit Insurance Market, 2017 – 2030

Chapter 7 Trade Credit Insurance End Use Forecast
7.1 Trade Credit Insurance Market Share by End Use, 2021
7.2 Food and Beverage
7.2.1 Food and Beverage Trade Credit Insurance Market, 2017 – 2030
7.3 IT and Telecommunications
7.3.1 Trade Credit Insurance IT and Telecommunications Market, 2017 – 2030
7.4 Healthcare
7.4.1 Commercial Credit Health Insurance Market, 2017 – 2030
7.5 Energy
7.5.1 Energy market for trade credit insurance, 2017 – 2030
7.6 Automobiles
7.6.1 Automotive Commercial Credit Insurance Market, 2017 – 2030
7.7 Others
7.7.1 Automotive Commercial Credit Insurance Market, 2017 – 2030

Chapter 8 Regional Outlook for Trade Credit Insurance

Chapter 9 Competitive Analysis
9.1 Company Market Share Analysis, 2021
9.2 Provider Landscape
9.3 Key Market Strategy

Chapter 10 Competitive landscape

Chapter 11 KOL Commentary

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