Brooklyn, NY -- (SBWIRE) -- 12/04/2017 -- The global credit insurance market has been anticipated to be pampered with progressive growth opportunities due to the rise of several positive, influential factors such as innovation. QYResearchReports.com has announced the addition of a new report to its insurance archive bearing the title, "Global Credit Insurance Market Size, Status and Forecast 2022." According to the report, the market could be valued at a US$8.5 bn by the end of 2022 while expanding at a CAGR of 2.0% during the forecast timeframe 2017-2022. In 2016, the market had attained a valuation of US$7.6 bn.
The report has segmented the world credit insurance market according to application or end user, where key segments could be domestic trade and export trade. As per the regional segmentation of the report, the market could see a classification into Asia Pacific, the Middle East and Africa, Latin America, North America, Eastern Europe, and Western Europe. The report has noted Europe to have earned a lion's share in the market that exceeded 70.0% in 2016.
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The world credit insurance market has played a significant part in the economic and financial development across the globe. This has been made possible with the introduction of credit insurance in different ways. The credit insurance industry has had an advantageous impact on competition, innovation, investment, and output, which has helped to curb the influence of enormous losses on households and firms. Furthermore, credit insurance has allowed the pooling of risks to manage them better. Vendors operating in the market could function as financial intermediaries having long investment horizons. This has been expected to help them to mainly contribute to the provision of more effective risk management and long-term finance.
Other segments of the financial industry, viz. bond and banking markets, have also been predicted to be greatly benefited by the world credit insurance market as it adds to the enhancement of their efficiency. The demand for credit insurance has been foreseen to see a rise in the near future with the continuation of trade becoming more global and the emergence of new markets. However, it could be said that the market is noticeably cyclical considering its solid correlation with GDP.
The world credit insurance market, as projected by most research analysts, has been forecast to testify expansion in the coming years. It has been prognosticated to bear the potential to showcase immense growth but could have low penetration. Even though, it could flaunt a massive yet unrealized potential for growth. In different countries, there could be a wide variation among insolvency and regulatory frameworks. The differences in reporting standards and frameworks have been prophesied to make comparison challenging, despite an upward trend observed on the part of corporate insolvencies. All of these factors could contribute to an augmented awareness about and concentration on trade risks on credit.
Read Complete Table of Content of the Report at: https://www.qyresearchreports.com/report/global-credit-insurance-market-size-status-and-forecast-2022.htm/toc
The international credit insurance market has been envisioned to ride on some powerful growth factors such as acquisitions and joint ventures, expansion to new geographic markets, and implementation of multiple distribution channels. However, the market could be checked by efficiency and product development challenges. Nonetheless, there could be some favorable prospects birthing on the back of low interest rates and other trends.
Some of the top companies profiled in the report are Credendo Group, Zurich, Coface, Atradius, and Euler Hermes. Out of these, Coface, Atradius, and Euler Hermes had secured a combined share of more than a 72.0% in 2016.
Table of Contents
1 Industry Overview1
1.1 Credit Insurance Market Overview1
1.1.1 Credit Insurance Product Scope1
1.1.2 Market Status and Outlook1
1.2 Global Credit Insurance Market Size and Analysis by Regions (2012-2022)2
1.2.1 Western Europe Credit Insurance Market Status and Outlook3
1.2.2 Eastern Europe Credit Insurance Market Status and Outlook4
1.2.3 North America Credit Insurance Market Status and Outlook5
1.2.4 Latin America Credit Insurance Market Status and Outlook6
1.2.5 Middle East & Africa Credit Insurance Market Status and Outlook7
1.2.6 Asia-Pacific Credit Insurance Market Status and Outlook8
1.3 Credit Insurance Market by End Users/Application8
2 Global Credit Insurance Competition Analysis by Players10
2.1 Global Credit Insurance Market Size (M USD) by Players (2012-2017)10
2.2 Competitive Status and Trend13
2.2.1 Market Concentration Rate13
2.2.2 Mergers & Acquisitions13
3 Company (Top Players) Profiles and Key Data15
3.1 Euler Hermes15
3.1.1 Company Profile15
3.1.2 Credit Insurance Services Overview16
3.1.3 Credit Insurance Premiums and Gross Margin16
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