Business Credit Insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Credit insurance product is a type of property and casualty insurance.
This report contains market size and forecasts of Business Credit Insurance in Global, including the following market information:
Global Business Credit Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Business Credit Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Domestic Trade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Business Credit Insurance include Sinosure, Euler Hermes, Atradius, Coface, Zurich, Credendo Group, QBE Insurance and Cesce, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Business Credit Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Business Credit Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Business Credit Insurance Market Segment Percentages, by Type, 2021 (%)
Domestic Trade
Export Trade
Global Business Credit Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Business Credit Insurance Market Segment Percentages, by Application, 2021 (%)
Buyer: Turnover below EUR 5 Million
Buyer: Turnover above EUR 5 Million
Global Business Credit Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Business Credit Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Business Credit Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Business Credit Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sinosure
Euler Hermes
Atradius
Coface
Zurich
Credendo Group
QBE Insurance
Cesce