Europe Trade Credit Insurance Market Size & Share, 2022-2028

Europe Trade Credit Insurance Market Size, Share & Industry Trends Analysis Report By Coverage (Whole Turnover and Single Buyer), By Application (International and Domestic), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028

Published Date: January-2023 | Number of Pages: 104 | Format: PDF | Report ID: KBV-22077

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Market Report Description

The Europe Trade Credit Insurance Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).

The expansion of the market is being aided by the rise in small and medium-sized businesses (SMEs). In order to operate self-learning models, automated business rules, network analysis, predictive analytics, and device identification—all of which are very helpful for risk prediction—technological breakthroughs are required.

Other factors, such as the insurance industry's increasing digitization and the adoption of positive government regulations that support ethical business practices, are projected to propel the market toward expansion. Companies that have more liquidity and reliable information on their debtors will perform better than their rivals and come out on top as resilient and successful crisis winners.

Trade credit insurance enables businesses to expand their product and service offerings to current clients as well as to attract new clients, which would otherwise have a devastating effect on their cash flow and profitability should clients delay or refuse to pay as a result of bankruptcy or political unrest.

In addition to a stable political and economic climate, Germany also offers favorable tax conditions and investment incentives. Based on bank reach and use of financial services, Germany's bank-based financial system offers a high level of financial inclusion. The most vulnerable people and small businesses in Germany, however, frequently be left out or have their access to finance restricted. A poor degree of financial literacy, which is also concentrated among particular population groupings, degrades the quality of financial inclusion.

The Germany market dominated the Europe Trade Credit Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,245.3 million by 2028. The UK market is anticipated to grow at a CAGR of 9.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.6% during (2022 - 2028).

Based on Coverage, the market is segmented into Whole Turnover and Single Buyer. Based on Application, the market is segmented into International and Domestic. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Food & Beverage, Healthcare, Automotive, Energy, IT & Telecom and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Trade Credit Insurance Market will Hit $15.5 Billion by 2028, at a CAGR of 11.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allianz Trade(Allianz Group), Atradius N.V., Coface SA, American International Group, Inc., Zurich Insurance Group Ltd., Chubb Limited, QBE Insurance Group Limited, Great American Insurance Company, and AON Plc.

Scope of the Study

Market Segments Covered in the Report:

By Coverage

  • Whole Turnover
  • Single Buyer

By Application

  • International
  • Domestic

By Organization Size

  • Large Enterprises
  • SMEs

By Vertical

  • Food & Beverage
  • Healthcare
  • Automotive
  • Energy
  • IT & Telecom
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Allianz Trade(Allianz Group)
  • Atradius N.V.
  • Coface SA
  • American International Group, Inc.
  • Zurich Insurance Group Ltd.
  • Chubb Limited
  • QBE Insurance Group Limited
  • Great American Insurance Company
  • AON Plc

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Related Reports:

Global Trade Credit Insurance Market Report 2022-2028

North America Trade Credit Insurance Market Report 2022-2028

Asia Pacific Trade Credit Insurance Market Report 2022-2028

LAMEA Trade Credit Insurance Market Report 2022-2028

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