Trade Credit Insurance Market Size In 2023

The Trade Credit Insurance Global Market Report 2023, provides comprehensive information on the trade credit insurance market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Trade Credit Insurance Global Market Report 2023, the global trade credit insurance market size is expected to grow from $10.30 billion in 2022 to $11.27 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global trade credit insurance market size is expected to grow to $15.84 billion in 2027 at a CAGR of 8.9%.

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Technology advancements have emerged as a key trend gaining popularity in the trade credit insurance market. Major companies operating in the trade credit insurance market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2021, LiquidX, a US-based provider of financial technology solutions, launched its InBlock Digital Policy Management pilot for trade credit insurance. With the aid of Distributed Ledger Technology (DLT), smart contracts, and artificial intelligence (AI), this solution automates crucial policy administration and compliance procedures while also integrating trade credit insurance policies into financial workflows for the first time. In order to build a solution that automates the management of multi-buyer and single-buyer insurance programs while maximizing the efficacy and user experience of this innovative technology, LiquidX teamed with a financial institution and a business.

The trade credit insurance market is segmented:

1) By Component: Product, Services

2) By Coverages: Whole Turnover Coverage, Single Buyer Coverage

3) By Application: Domestic, Exports

4) By Industry Vertical: Food and Beverages, IT and Telecom, Metals and Mining, Healthcare, Energy and Utilities, Automotive, Other Industry Verticals

Europe was the largest region in the trade credit insurance market in 2022.

The table of contents in TBRC’s trade credit insurance market report includes:

1. Executive Summary
2. Trade Credit Insurance Market Characteristics
3. Trade Credit Insurance Market Trends And Strategies
4. Trade Credit Insurance Market – Macro Economic Scenario
5. Trade Credit Insurance Market Size And Growth

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26. Africa Trade Credit Insurance Market
27. Trade Credit Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Trade Credit Insurance Market
29. Trade Credit Insurance Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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