Credit Insurance Market Size and Growth Rate:
As per the research analysts at Research Cosmos, the size of the Global Credit Insurance Market is expected to grow USD 10.77 Billion by 2025 with a CAGR of 2.9% during the forecast period 2019 to 2025.
Credit Insurance Market Overview:
Credit insurance can be defined as a commercial hedge against losses resulting from the fact that commercial mortgage lenders have generally failed to meet their obligations to the insurer as a result of the liquidation. It is the overlapping field to protect exporters against the risk that they will not be paid for a number of reasons, such as political turmoil or simply non-compliance.
Credit Insurance Market - Growth Drivers and Restraints:
Due to two factors: the unstable macroeconomic factors that influence the growth of credit insurance, and the improvement in revenue and receivable benefits to accentuate the demand for credit insurance.
Credit Insurance Market – Regional Presence:
Europe dominated the global market in 2017 due to growing demand from Germany. It is forecasted that the AsiaPacific region will grow to the highest CAGR during the forecast period, which is dominated by emerging economies such as China and India.
North America, dominated by the USA. Canada had the second largest market share in 2017. However, given that this market is mature; its growth is likely to be slower than that of the Asia-Pacific region.Any change from the US could affect the development of credit insurance.Europe also plays an important role in the world market, with a continuous annual growth rate.
Some of the Promising Companies leading the Global Credit Insurance Market Profiled in the Report are:
- Euler Hermes
- Atradius N.V.
- Coface SA
- American International Group, Inc.
- QBE Insurance Group AG
- Zurich Insurance Group
- China Export and Credit Insurance Company
- Export Development Canada
This research report includes the following segmentation for the Credit Insurance Market size and forecast 2025
Credit Insurance Market – By Component:
Credit Insurance Market – By Enterprise Size:
- Small & Medium Enterprise
- Large Enterprise
Credit Insurance Market – By Application:
Credit Insurance Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa