Europe Credit Insurance Market is Anticipated to Grow at a CAGR of 2.5% During the Forecast Period 2018-2025, Says Esticast Research and Consulting

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As per the report “Europe Credit Insurance Market By Type ( Commercial Insurance, Investment Insurance ), By Application ( Domestic Trade, Export Trade ), Industry Trends, Estimation & Forecast, 2017 – 2025″

In 2017, the commercial insurance segment generated the highest revenue share in the Europe credit insurance market. Among major countries, Germany was the highest revenue generating market, holding nearly 20% of the market share, in 2017.

“A vast pool of companies from varied industry verticals are investing in trade credit insurance, owing to the numerous benefits offered by such policies. Credit insurance enables an insured company to expand its presence in the international market with a financial security against its credit transactions. In addition, insured credit sales are the insured receivables that act as collateral while lending capital from financial institutes..

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OVERVIEW

Export credit insurance, also known as ECI, is a policy that safeguards an exporter from becoming a victim of non-payment by an overseas customer. Export credit insurance generally covers commercial risks such as insolvency of the buyer, bankruptcy, prolonged payments and even political risks such as wars & civil unrest that can result in the nullification of payments. The regional ECI market is expected to witness a generous growth during the forecast period, owing to the surging trend of globalization in Europe. As per the data revealed by European Commission, the agri-food exports have augmented by 4.5%, from 2017 to 2018. Moreover, the increasing number of exports in the automobile industry of Germany, Italy and France is also expected to create huge opportunities for the players involved in the export credit insurance market.

Commercial insurance segment emerges as a market leader with a revenue share of nearly 85% due to increasing commercial credits

The most basic element of a business transaction is the commercial credit, as it is an effective tool to attract new customers and maintain the existing customer base. Commercial credit accounts for more than 20% of the assets mentioned on a company’s balance sheet, as majority of the commercial transactions occur on credit basis. Thus, companies offering huge commercial credit face severe risk of delayed payments and defaults. This is a crucial factor that is fuelling the growth of commercial insurance segment in the Europe market.

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Germany garnered the highest revenue in the Europe market, owing to the surge in export activities

Trade credit insurance has its historical roots attached to Europe. The credit insurance market has vastly flourished in Western Europe, which is now spreading itself to the southern and eastern parts of the continent as well. Business activities in Germany are increasing with a considerable growth rate as a result of increasing consumption and active investment behavior. The major industrial sectors, which tend to avail credit insurance policies in the region are manufacturing industries, steel industries, construction industry and automotive industry. With the improving economy and increasing export activities, credit insurers have become a major financial component of the German economy.

FRANCE CREDIT INSURANCE MARKET SIZE BY APPLICATION, 2013-2025

KEY FINDINGS OF EUROPE CREDIT INSURANCE MARKET, 2013-2025

• Investment insurance segment is expected to grow with an impressive CAGR of 2.2% during the forecast period 2018-2025.
• Euler Hermes, Atradius, and Coface emerge as the most prominent market players in the Europe credit insurance market.
• Benelux is anticipated to exhibit a high growth rate of 3.5% during the forecast period.

EUROPE CREDIT INSURANCE MARKET SHARE OF KEY MARKET PLAYERS, (2017)


Some key market players involved in the Europe credit insurance market are Euler Hermes, Atradius, Coface, Zurich, Credendo Group, QBE Insurance, Cesce.

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