Global trade has changed significantly since the financial crisis and the collapse of Lehman Brothers in 2008, which spread protectionism and nationalism amid global economic and political volatility. To fill the gap left by banks shrinking their balance sheets, commercial transactions have been increasingly supported by structured credit modalities carried out by factories, financing ‘Accounts Receivableâ€
in local and international currencies. The Covid-19 crisis is further transforming the trade credit market. The sector may reach USD 10 trillion in volume globally by 2030. Trade credit insurers are also impacted by the Covid-19 crisis. With an expectation of increasing loss trends in the short term, indemnity reserves may need to be established. The market appetite following Covid-19 may be a little different from what we saw in the past decade. Countries like France, Germany, and the Netherlands have introduced measures offering support to the trade credit insurance industry through guarantees backed by public funds, allowing insurers to maintain limits and capacity. In turn, insurers transfer part of the premium collected to the government. This is an interesting and creative tool that if adopted in other countries such as in Brazil could not only protect the credit insurance industry but perhaps most importantly, guarantee access to commercial credit which is vital for the economy.
The latest study released on the Global Trade Insurance Market by AMA Research evaluates market size, trend, and forecast to 2027. The Trade Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
HCC International (United Kingdom), Travelers (United States), Euler Hermes (France), Credimundi (Belgium), ACE (United Kingdom), Argo Surety (United Kingdom), Zurich (Switzerland), AIG (United States), Novae Group plc (United Kingdom), SACE BT (Italy), Atradius (United Kingdom), Aon (United Kingdom),
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Market Trends:
Rapidly Growing International Trade Volumes
Political Events, Economic Downturns, and Natural Disasters Fuels the Need of Trade Insurance Coverage
Market Drivers:
Growing Popularity of Online Sales Channel
Market Opportunities:
COVID 19 pandemic is further increasing uncertainty and protectionism in global trade which is set to boost demand for trade credit insurance.
Emerging Demand from Developing Countries
The Global Trade Insurance Market segments and Market Data Break Down are illuminated below:
by Type (Property/Cargo Insurance, Product Liability Insurance, Foreign Currency Exchange Insurance, Trade Credit Insurance, Others), Organization Size (SMEâ€s, Large Enterprises), Sales Channel (Online, Offline), Trade Type (Domestic, Oversees)
Global Trade Insurance market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Trade Insurance market by value and volume.
-To estimate the market shares of major segments of the Trade Insurance
-To showcase the development of the Trade Insurance market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Trade Insurance market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Trade Insurance
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Trade Insurance market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Trade InsuranceMarket Study Coverage:
It includes major manufacturers, emerging player’s growth story, and major business segments of Trade Insurance market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Trade Insurance Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Trade Insurance Market Production by Region Trade Insurance Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Trade Insurance Market Report:
Trade Insurance Overview, Definition and Classification Market drivers and barriers
Trade Insurance Market Competition by Manufacturers
Impact Analysis of COVID-19 on Trade Insurance Market
Trade Insurance Capacity, Production, Revenue (Value) by Region (2022-2027)
Trade Insurance Supply (Production), Consumption, Export, Import by Region (2022-2027)
Trade InsuranceProduction, Revenue (Value), Price Trend by Type {Property/Cargo Insurance , Product Liability Insurance , Foreign Currency Exchange Insurance , Trade Credit Insurance , Others,}
Trade InsuranceMarket Analysis by Application {}
Trade Insurance Manufacturers Profiles/Analysis Trade Insurance Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
How feasible is Trade Insurance market for long-term investment?
What are influencing factors driving the demand for Trade Insurance near future?
What is the impact analysis of various factors in the Global Trade Insurance market growth?
What are the recent trends in the regional market and how successful they are?
About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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