Europe Credit Insurance Market By Type ( Commercial Insurance, Investment Insurance ), By Application ( Domestic Trade, Export Trade ), Industry Trends, Estimation & Forecast, 2017 - 2025
Europe Credit Insurance Market is expected to grow with a CAGR of 2.5% during the forecast period of 2018 to 2025. In 2017, the commercial insurance segment generated the highest revenue share in the Europe credit insurance market.
Credit insurance, also called as Trade Credit Insurance is a risk management tool, which is offered in the form of insurance provided to the business holders who want to prevent credit associated risks such as defaults and bankruptcy, sudden breakdown. Credit insurance also provides a protection against political risks such as war conditions and other civil violence. It also enhances the quality of the business and helps it in escalating profitably by minimizing the risk of unexpected and sudden customer failures. With the improvisation and advancement in the technical and financial structure of banks and other financial firms, the credit insurance is getting deeply embedded in the system.
In Europe it has flourished in a rapid manner, and has become more of an essential component of businesses in order to safeguard their dynamics even in the rapidly fluctuating risk environment. Moreover, with the emergence of new markets and industries in the region, the increasing globalization in the trade will help the credit insurance. Countries such as Belgium, Poland and Switzerland are expected to grow with a considerably high rate of growth. Additionally, the emergence of SMEs and new entrepreneurs in Europe, will put forward some lucrative opportunities for the market in the near future.
The report provides detailed qualitative and quantitative analysis of the Europe Credit Insurance Market. Market size and forecast in terms of value and volume has been provided for the period - (2013- 2025), for the segments namely type and application in each of the major regions.
Europe Credit Insurance Market Player Analysis -
The report presents detailed analysis of major players operating in Europe Credit Insurance Market. Few of the include Euler Hermes, Atradius, Coface, Zurich, Credendo Group, QBE Insurance, Cesce. Detailed coverage on these market players with information on their revenue from credit insurance business, market share, gross margin and their growth strategies have been provided in the report.
Europe Credit Insurance market is segmented on the basis of type, application and geography. By type, the market is segmented into Commercial insurance and Investment Insurance. On the basis of application, the market is categorized as domestic trade and export trade. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.
Europe Credit Insurance Market Segmentation
• Commercial Insurance
• Investment Insurance
• Domestic Trade
• Export Trade
Europe Credit Insurance Market Key Players
• Euler Hermes
• Credendo Group
• QBE Insurance