Global Credit Insurance Market: Trends & Opportunities (2014-2019)
Scope of the Report
The report titled “Global Credit Insurance Market: Trends and Opportunities (2014-2019)’’ provides an in-depth analysis of the Global Credit Insurance market with focus on its major segment– Trade Credit Insurance. The report assesses the market size and trends of credit insurance segment globally. The report covers specific insights on the market size, penetration, drivers, developments and future outlook of the credit insurance market globally and in the three main regions. Also, the key opportunities, the factors driving growth of the market and challenges being faced by the players in the industry are outlined and analyzed in the forecast period (2014-19). Further, key players of the industry like Coface, Euler Hermes and Atradius are profiled.
Regional Coverage
The Credit Insurance sector can play a critical role in financial and economic development in various ways. The sector helps pool risk and reduces the impact of large losses on firms and households with a beneficial impact on output, investment, innovation, and competition. As financial intermediaries with long investment horizons, credit insurance companies can contribute to the provision of long-term finance and more effective risk management. Moreover, the credit insurance sector can also improve the efficiency of other segments of the financial sector, such as banking and bond markets. Demand for credit insurance continues to grow as new markets open up and trade continues to become more global. However, the market is clearly cyclical, with a strong correlation with GDP.
The Global Credit Insurance market is expected to witness expansion in the near future. The credit insurance market is a huge market with low penetration. This market has a huge yet unrealized potential. Regulatory and insolvency frameworks vary widely between different countries, and although there is generally an upward trend in corporate insolvencies, the differences in frameworks and in reporting standards make comparison difficult. These factors have contributed to an increased awareness of and focus on trade risks on credit.
The report titled “Global Credit Insurance Market: Trends and Opportunities (2014-2019)’’ provides an in-depth analysis of the Global Credit Insurance market with focus on its major segment– Trade Credit Insurance. The report assesses the market size and trends of credit insurance segment globally. The report covers specific insights on the market size, penetration, drivers, developments and future outlook of the credit insurance market globally and in the three main regions. Also, the key opportunities, the factors driving growth of the market and challenges being faced by the players in the industry are outlined and analyzed in the forecast period (2014-19). Further, key players of the industry like Coface, Euler Hermes and Atradius are profiled.
Regional Coverage
- Latin America
- Europe
- GCC
- Coface
- Euler Hermes
- Atradius
The Credit Insurance sector can play a critical role in financial and economic development in various ways. The sector helps pool risk and reduces the impact of large losses on firms and households with a beneficial impact on output, investment, innovation, and competition. As financial intermediaries with long investment horizons, credit insurance companies can contribute to the provision of long-term finance and more effective risk management. Moreover, the credit insurance sector can also improve the efficiency of other segments of the financial sector, such as banking and bond markets. Demand for credit insurance continues to grow as new markets open up and trade continues to become more global. However, the market is clearly cyclical, with a strong correlation with GDP.
The Global Credit Insurance market is expected to witness expansion in the near future. The credit insurance market is a huge market with low penetration. This market has a huge yet unrealized potential. Regulatory and insolvency frameworks vary widely between different countries, and although there is generally an upward trend in corporate insolvencies, the differences in frameworks and in reporting standards make comparison difficult. These factors have contributed to an increased awareness of and focus on trade risks on credit.
1. EXECUTIVE SUMMARY
2. CREDIT INSURANCE: AN INTRODUCTION
2.1 Trade Credit Insurance
2.2 Payment Protection Insurance (PPI)
2.3 Credit Derivatives
2.4 Process Flowchart of Credit Insurance
2.5 Uses of Credit Insurance
3. GLOBAL CREDIT INSURANCE MARKET: AN ANALYSIS
3.1 Global Credit Insurance Market: An Overview
3.1.1 A Huge Market with Low Penetration
3.1.2 Role of Trade credit Insurance in International Trade
3.2 Global Credit Insurance Market Evolution
3.2.1 Slowdown in the Major Emerging Economies
4. GLOBAL CREDIT INSURANCE MARKET: SIZING AND GROWTH
4.1 Global Market of Credit Insurance
4.1.1 Global Market Size of Credit Insurance: Actual & Forecasted
5. GLOBAL CREDIT INSURANCE MARKET: REGIONAL ANALYSIS
5.1 Latin America
5.2 Europe
5.3 GULF Regions
6. MARKET DYNAMICS: GROWTH DRIVERS AND CHALLENGES
6.1 Growth Drivers
6.1.1 Innovation Spurs Growth
6.1.2 Use of Multiple Distribution Channels
6.1.3 Expansion to New Geographic Markets
6.1.4 Acquisition and Joint Ventures
6.2 Challenges
6.2.1 Product Development
6.2.2 Efficiency
7. GLOBAL CREDIT INSURANCE MARKET: TRENDS
7.1.1 Low Interest Rates
7.1.2 Regulatory Risk
8. COMPETITIVE LANDSCAPE: GLOBAL CREDIT INSURANCE MARKET:
9. COMPANY PROFILES: GLOBAL CREDIT INSURANCE MARKET:
9.1 Coface
9.1.1 Business Overview
9.1.2 Financial Overview
9.1.3 Business Strategies
9.2 Euler Hermes
9.2.1 Business Overview
9.2.2 Financial Overview
9.2.3 Business Strategies
9.3 Atradius
9.3.1 Business Overview
9.3.2 Financial Overview
9.3.3 Business Strategies
2. CREDIT INSURANCE: AN INTRODUCTION
2.1 Trade Credit Insurance
2.2 Payment Protection Insurance (PPI)
2.3 Credit Derivatives
2.4 Process Flowchart of Credit Insurance
2.5 Uses of Credit Insurance
3. GLOBAL CREDIT INSURANCE MARKET: AN ANALYSIS
3.1 Global Credit Insurance Market: An Overview
3.1.1 A Huge Market with Low Penetration
3.1.2 Role of Trade credit Insurance in International Trade
3.2 Global Credit Insurance Market Evolution
3.2.1 Slowdown in the Major Emerging Economies
4. GLOBAL CREDIT INSURANCE MARKET: SIZING AND GROWTH
4.1 Global Market of Credit Insurance
4.1.1 Global Market Size of Credit Insurance: Actual & Forecasted
5. GLOBAL CREDIT INSURANCE MARKET: REGIONAL ANALYSIS
5.1 Latin America
5.2 Europe
5.3 GULF Regions
6. MARKET DYNAMICS: GROWTH DRIVERS AND CHALLENGES
6.1 Growth Drivers
6.1.1 Innovation Spurs Growth
6.1.2 Use of Multiple Distribution Channels
6.1.3 Expansion to New Geographic Markets
6.1.4 Acquisition and Joint Ventures
6.2 Challenges
6.2.1 Product Development
6.2.2 Efficiency
7. GLOBAL CREDIT INSURANCE MARKET: TRENDS
7.1.1 Low Interest Rates
7.1.2 Regulatory Risk
8. COMPETITIVE LANDSCAPE: GLOBAL CREDIT INSURANCE MARKET:
9. COMPANY PROFILES: GLOBAL CREDIT INSURANCE MARKET:
9.1 Coface
9.1.1 Business Overview
9.1.2 Financial Overview
9.1.3 Business Strategies
9.2 Euler Hermes
9.2.1 Business Overview
9.2.2 Financial Overview
9.2.3 Business Strategies
9.3 Atradius
9.3.1 Business Overview
9.3.2 Financial Overview
9.3.3 Business Strategies
LIST OF FIGURES AND TABLES
Figure 1: Process Flowchart of Credit Insurance
Figure 2: Considerable Credit Insurance Market Potential, 2012-13
Figure 3: Penetration of Credit Insurance by Geography (2012)
Figure 4: World Market Share in Credit Insurance Sector, 2013
Figure 5: Trade Credit Insurance-Premiums, 2008-13 (US$ Billions)
Figure 6: Trade Credit Insurance-Premiums, Forecast, 2014-19E (US$ Billions)
Figure 7: Trade Credit Insurance-Claims, 2008-13 (US$ Millions)
Figure 8: Trade Credit Insurance-Claims Ratio, 2008-13 (%)
Figure 9: Market Share of Regions of Latin America in Credit Insurance Sector, 2013
Figure 10: Credit Insurance Market in Latin America, 2008-2013 (US$ Millions)
Figure 11: Market Share of Credit Insurance Companies in Latin America, 2013
Figure 12: Top Insurer’s Premium Growth in Europe, 2007-13 (US$ Millions)
Figure 13: Credit Insurance market Premiums in Europe, 2008-13 (US$ Billions)
Figure 14: Credit Insurance Market Premiums in GULF Region, 2012-13 (US$ Millions)
Figure 15: Growth in the Credit Insurance Sector by the Introduction of New Products (2011-13)
Figure 16: Growth in the Credit Insurance Sector by the Use of Multiple Distribution Channels (2011-13)
Figure 17: Growth in the Credit Insurance Sector by Expansion to New Geographic Markets (2011-13)
Figure 18: Growth in the Credit Insurance Sector by Acquisition and Joint Ventures (2011-13)
Figure 19: Product Development in the Global Credit Insurance Industry
Figure 20: Efficiency in the Global Credit Insurance Industry
Figure 21: Coface Turnover by Region, 2013
Figure 22: Euler Hermes turnover by region, 2013
Figure 23: Coface insured risk by region, 2013
Figure 24: Atradius insured risk by region, 2013
Figure 25: Euler Hermes insured risk by region, 2013
Table 1: Peer comparison- Net premium Earned, 2012 & 2013 (US$ Millions)
Figure 26: Coface Exposure by Countries in 2013 (%)
Figure 27: Coface Revenue Split, 2013
Figure 28: Coface Revenue by Countries, 2013
Figure 29: Total Turnover of Coface, 2011-13 (US$ Millions)
Figure 30: Total Turnover of Euler Hermes, 2011-13 (US$ Millions)
Figure 31: Euler Hermes’ Breakdown of Turnover by Business, 2013
Figure 32: Total Turnover of Atradius, 2011-13 (US$ Millions)
Figure 33: Atradius - Revenue by Business Segment, 2013
Figure 34: Atradius - Credit Insurance & ICP Revenue by Product, 2013
Figure 35: Atradius - Credit insurance & ICP by region
Figure 1: Process Flowchart of Credit Insurance
Figure 2: Considerable Credit Insurance Market Potential, 2012-13
Figure 3: Penetration of Credit Insurance by Geography (2012)
Figure 4: World Market Share in Credit Insurance Sector, 2013
Figure 5: Trade Credit Insurance-Premiums, 2008-13 (US$ Billions)
Figure 6: Trade Credit Insurance-Premiums, Forecast, 2014-19E (US$ Billions)
Figure 7: Trade Credit Insurance-Claims, 2008-13 (US$ Millions)
Figure 8: Trade Credit Insurance-Claims Ratio, 2008-13 (%)
Figure 9: Market Share of Regions of Latin America in Credit Insurance Sector, 2013
Figure 10: Credit Insurance Market in Latin America, 2008-2013 (US$ Millions)
Figure 11: Market Share of Credit Insurance Companies in Latin America, 2013
Figure 12: Top Insurer’s Premium Growth in Europe, 2007-13 (US$ Millions)
Figure 13: Credit Insurance market Premiums in Europe, 2008-13 (US$ Billions)
Figure 14: Credit Insurance Market Premiums in GULF Region, 2012-13 (US$ Millions)
Figure 15: Growth in the Credit Insurance Sector by the Introduction of New Products (2011-13)
Figure 16: Growth in the Credit Insurance Sector by the Use of Multiple Distribution Channels (2011-13)
Figure 17: Growth in the Credit Insurance Sector by Expansion to New Geographic Markets (2011-13)
Figure 18: Growth in the Credit Insurance Sector by Acquisition and Joint Ventures (2011-13)
Figure 19: Product Development in the Global Credit Insurance Industry
Figure 20: Efficiency in the Global Credit Insurance Industry
Figure 21: Coface Turnover by Region, 2013
Figure 22: Euler Hermes turnover by region, 2013
Figure 23: Coface insured risk by region, 2013
Figure 24: Atradius insured risk by region, 2013
Figure 25: Euler Hermes insured risk by region, 2013
Table 1: Peer comparison- Net premium Earned, 2012 & 2013 (US$ Millions)
Figure 26: Coface Exposure by Countries in 2013 (%)
Figure 27: Coface Revenue Split, 2013
Figure 28: Coface Revenue by Countries, 2013
Figure 29: Total Turnover of Coface, 2011-13 (US$ Millions)
Figure 30: Total Turnover of Euler Hermes, 2011-13 (US$ Millions)
Figure 31: Euler Hermes’ Breakdown of Turnover by Business, 2013
Figure 32: Total Turnover of Atradius, 2011-13 (US$ Millions)
Figure 33: Atradius - Revenue by Business Segment, 2013
Figure 34: Atradius - Credit Insurance & ICP Revenue by Product, 2013
Figure 35: Atradius - Credit insurance & ICP by region
