Credit Insurance Market Size USD 13600 by 2026 at CAGR 2.1% | Valuates Reports

Credit Insurance Market Size USD 13600 by 2026 at CAGR 2.1% | Valuates Reports

PR Newswire

BANGALORE, India, Jan. 4, 2021

BANGALORE, India, Jan. 4, 2021 /PRNewswire/ -- The Credit Insurance Market is Segmented by Type (Domestic Trade, Export Trade), by Application (Buyer: Turnover below EUR 5 Million, Buyer: Turnover above EUR 5 Million), Key Vendors and Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021 - 2026. This report is published on Valuates Reports in the Insurance Category.

Valuates Reports

The global Credit Insurance Market size is projected to reach USD 13600 Million by 2026, from USD 12000 Million in 2020, at a CAGR of 2.1% during 2021-2026.

Credit insurance is an insurance policy and a risk management product provided to business organizations by private insurance providers and government export credit agencies to cover their receivables from defaults due to credit risk.

Uncertainty about global affairs, such as trade tensions between the US and China, and Brexit, means that companies – particularly those looking to grow through foreign trade – are facing increased volatility. As the volatility increases, the credit insurance market size is also expected to grow.

Request a Sample Copy of the Report For COVID-19 Impact Analysis on Credit Insurance Market: https://reports.valuates.com/request/sample/QYRE-Auto-15R2388/Global_Credit_Insurance_Market 

TRENDS INFLUENCING THE CREDIT INSURANCE MARKET SIZE

The growth of SMEs is expected to fuel the growth of credit insurance market size. Small and medium-sized businesses across the globe often face issues related to their accounts receivable when exporting or trading in domestic and foreign markets. Failure to pay invoices impacts these small and medium-sized businesses. This risk is constantly rising across geographies, and businesses are looking for robust solutions to get rid of the threat. That is why small and medium-sized businesses in developed countries and few developing countries are increasingly drawn to credit insurance.

Credit insurance offers various competitive benefits such as, identifying potential losses, help transfer the risk to the insurer's balance sheet, and reduces bad debt provision. These advantages are in turn expected to increase the growth of credit insurance market size. 

View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Auto-15R2388/global-credit-insurance  

CREDIT INSURANCE MARKET SHARE ANALYSIS

Based on region, the Asia Pacific is expected to hold the largest credit insurance market share during the forecast period. The key drivers for the credit insurance sector in Asia-Pacific have been China's policy stimulus for credit insurance, the increased role of export credit insurance, and the liberalized export credit market in conjunction with rising SME participation.

Europe is also expected to hold a significant credit insurance market share during the forecast period. This is attributed to the presence of major lending companies that offer credit insurance services.

Global Credit Insurance market: regional analysis, the major regions covered in the report are:

North America

Europe

Asia-Pacific

Rest of Asia-Pacific

Middle East & Africa

Inquire for Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-15R2388/Global_Credit_Insurance_Market 

CREDIT INSURANCE MARKET SEGMENTATION

by Type, the market is primarily split into

by Application, this report covers the following segments

The Credit Insurance key Companies in this market include:

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-15R2388&lic=single-user 

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-15R2388&lic=enterprise-user 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

Trade Credit Insurance Market: Major factors driving the growth of the Trade Credit Insurance Market size are the increase in trade activities among small enterprises, growing financial risks, and the rising conditions of bankruptcies on the buyer's side.

Top companies in the trade credit insurance market size include American International Group Inc., EULER HERMES, Zurich Insurance Group Ltd., The Coface Group, Marsh Inc., Atradius N.V., Catlin Group Limited, Firestop Contractors International Association, QBE Insurance Group Limited, and Trade Credit Reinsurance Company.

B2B2C Insurance Market is Segmented by Type On-line, Off-line, by Application Banks and Financial Institutions, Automotive, Retailers, Health Care and by various regions.

Business Travel Insurance Market size is projected to reach USD 7426.6 Million by 2026, from USD 4502.1 Million in 2020, at a CAGR of 8.7% during 2021-2026. Europe is estimated to hold the largest Business Travel Insurance Market share (about 35%) during the forecast period. 

Business Insurance Market is Segmented by Type Commercial Property Insurance, Commercial Health Insurance, by Application Small and Medium-Sized Companies, Personal, Large Corporations and by various regions.

Reinsurance Market size was USD 254.90 Billion and it is expected to reach USD 318.90 Billion by the end of 2025, with a CAGR of 3.3% during 2019-2025.

Trade Finance Market size was valued at USD 8942.27 Billion in 2019, due to Covid-19, the market drop to USD 7616.52 Billion by -14.83% in 2020, and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during 2020-2026.

Travel Insurance Market size was valued at USD 19.2 Billion in 2019 and is projected to reach USD 39.3 Billion by 2027, growing at a CAGR of 17.4% from 2020 to 2027. The report focuses on the growth prospects, restraints, and trends of the travel insurance market analysis. 

Blockchain In Trade Finance and Credit Insurance Market is Segmented by Type Cross-border, Non Cross-border, by Application Small and Medium-Sized Enterprises (SMES), Large Enterprise and by various regions.

-  The Microfinance Market is Segmented by Type Banks, Non-Banks, by Application Manufacturing/Production, Agriculture, Trade & Services, Household Finance and by various regions.

Click Here To See More Related Reports On Credit Insurance Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg  

Voltar noticias em Inglês