The North America Trade Credit Insurance Market would witness market growth of 11.1% CAGR during the forecast period (2022-2028).
Trade credit insurance helps businesses to lend more credit to clients while lowering the likelihood that they won't be paid. This encourages secured sales expansion, such as entering new markets and minimizing reliance on L/Cs. To enhance lending opportunities with financial institutions, credit insurance may be considered as collateral.
This can provide more finance options to help a company's expansion. Trade credit insurance has been utilized strategically by many publicly traded companies to foster profitable expansion and provide shareholders with reassurance that their sizable essential assets are safeguarded. On the balance sheet, accounts receivables may make up as much as 40% of the assets.
A product must pass certification and testing requirements that specify its characteristics, the way it will be branded or packaged, and how it will function under various conditions before it can be marketed in Canada. These rules should serve honorable public policy goals, but they may cause issues if they are overly burdensome, biased, or used to restrict trade. When technology restrictions on trade go beyond what is required or put an unfair burden on enterprises, they are considered trade barriers.
The US market dominated the North America Trade Credit Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,468.9 million by 2028. The Canada market is poised to grow at a CAGR of 13.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Trade Credit Insurance Market is Predict to reach $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
By Organization Size
By Vertical
- Food & Beverage
- Healthcare
- Automotive
- Energy
- IT & Telecom
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Trade Credit Insurance Market, by Coverage
1.4.2 North America Trade Credit Insurance Market, by Application
1.4.3 North America Trade Credit Insurance Market, by Organization Size
1.4.4 North America Trade Credit Insurance Market, by Vertical
1.4.5 North America Trade Credit Insurance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships: 2019, Jan – 2022, Nov) Leading Players
Chapter 4. North America Trade Credit Insurance Market by Coverage
4.1 North America Whole Turnover Market by Country
4.2 North America Single Buyer Market by Country
Chapter 5. North America Trade Credit Insurance Market by Application
5.1 North America International Market by Country
5.2 North America Domestic Market by Country
Chapter 6. North America Trade Credit Insurance Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Trade Credit Insurance Market by Vertical
7.1 North America Food & Beverage Market by Country
7.2 North America Healthcare Market by Country
7.3 North America Automotive Market by Country
7.4 North America Energy Market by Country
7.5 North America IT & Telecom Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Trade Credit Insurance Market by Country
8.1 US Trade Credit Insurance Market
8.1.1 US Trade Credit Insurance Market by Coverage
8.1.2 US Trade Credit Insurance Market by Application
8.1.3 US Trade Credit Insurance Market by Organization Size
8.1.4 US Trade Credit Insurance Market by Vertical
8.2 Canada Trade Credit Insurance Market
8.2.1 Canada Trade Credit Insurance Market by Coverage
8.2.2 Canada Trade Credit Insurance Market by Application
8.2.3 Canada Trade Credit Insurance Market by Organization Size
8.2.4 Canada Trade Credit Insurance Market by Vertical
8.3 Mexico Trade Credit Insurance Market
8.3.1 Mexico Trade Credit Insurance Market by Coverage
8.3.2 Mexico Trade Credit Insurance Market by Application
8.3.3 Mexico Trade Credit Insurance Market by Organization Size
8.3.4 Mexico Trade Credit Insurance Market by Vertical
8.4 Rest of North America Trade Credit Insurance Market
8.4.1 Rest of North America Trade Credit Insurance Market by Coverage
8.4.2 Rest of North America Trade Credit Insurance Market by Application
8.4.3 Rest of North America Trade Credit Insurance Market by Organization Size
8.4.4 Rest of North America Trade Credit Insurance Market by Vertical
Chapter 9. Company Profiles
9.1 Allianz Trade (Allianz Group)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.5 SWOT Analysis
9.2 Zurich Insurance Group Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.5 SWOT Analysis
9.3 Chubb Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Recent strategies and developments:
9.3.3.1 Partnerships, Collaborations, and Agreements:
9.3.3.2 Product Launches and Product Expansions:
9.3.3.3 Acquisition and Mergers:
9.3.4 SWOT Analysis
9.4 Aon plc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.5 American International Group, Inc. (AIG)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 SWOT Analysis
9.6 Coface SA
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Acquisition and Mergers:
9.7 Atradius N.V. (Grupo Compania Espanola de Credito y Caucion SL) (Grupo Catalana Occidente S.A.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.8 Great American Insurance Company (American Financial Group)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Recent strategies and developments:
9.8.3.1 Partnerships, Collaborations, and Agreements:
9.9 QBE Insurance Group Limited (QBE Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
TABLE 1 North America Trade Credit Insurance Market, 2018 - 2021, USD Million
TABLE 2 North America Trade Credit Insurance Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Trade Credit Insurance Market
TABLE 4 Product Launches And Product Expansions– Trade Credit Insurance Market
TABLE 5 Acquisition and Mergers– Trade Credit Insurance Market
TABLE 6 North America Trade Credit Insurance Market by Coverage, 2018 - 2021, USD Million
TABLE 7 North America Trade Credit Insurance Market by Coverage, 2022 - 2028, USD Million
TABLE 8 North America Whole Turnover Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Whole Turnover Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Single Buyer Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Single Buyer Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Trade Credit Insurance Market by Application, 2018 - 2021, USD Million
TABLE 13 North America Trade Credit Insurance Market by Application, 2022 - 2028, USD Million
TABLE 14 North America International Market by Country, 2018 - 2021, USD Million
TABLE 15 North America International Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Domestic Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Domestic Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Trade Credit Insurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 19 North America Trade Credit Insurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 20 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 22 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 23 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Trade Credit Insurance Market by Vertical, 2018 - 2021, USD Million
TABLE 25 North America Trade Credit Insurance Market by Vertical, 2022 - 2028, USD Million
TABLE 26 North America Food & Beverage Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Food & Beverage Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Energy Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Energy Market by Country, 2022 - 2028, USD Million
TABLE 34 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 35 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Trade Credit Insurance Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Trade Credit Insurance Market by Country, 2022 - 2028, USD Million
TABLE 40 US Trade Credit Insurance Market, 2018 - 2021, USD Million
TABLE 41 US Trade Credit Insurance Market, 2022 - 2028, USD Million
TABLE 42 US Trade Credit Insurance Market by Coverage, 2018 - 2021, USD Million
TABLE 43 US Trade Credit Insurance Market by Coverage, 2022 - 2028, USD Million
TABLE 44 US Trade Credit Insurance Market by Application, 2018 - 2021, USD Million
TABLE 45 US Trade Credit Insurance Market by Application, 2022 - 2028, USD Million
TABLE 46 US Trade Credit Insurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 47 US Trade Credit Insurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 48 US Trade Credit Insurance Market by Vertical, 2018 - 2021, USD Million
TABLE 49 US Trade Credit Insurance Market by Vertical, 2022 - 2028, USD Million
TABLE 50 Canada Trade Credit Insurance Market, 2018 - 2021, USD Million
TABLE 51 Canada Trade Credit Insurance Market, 2022 - 2028, USD Million
TABLE 52 Canada Trade Credit Insurance Market by Coverage, 2018 - 2021, USD Million
TABLE 53 Canada Trade Credit Insurance Market by Coverage, 2022 - 2028, USD Million
TABLE 54 Canada Trade Credit Insurance Market by Application, 2018 - 2021, USD Million
TABLE 55 Canada Trade Credit Insurance Market by Application, 2022 - 2028, USD Million
TABLE 56 Canada Trade Credit Insurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 57 Canada Trade Credit Insurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 58 Canada Trade Credit Insurance Market by Vertical, 2018 - 2021, USD Million
TABLE 59 Canada Trade Credit Insurance Market by Vertical, 2022 - 2028, USD Million
TABLE 60 Mexico Trade Credit Insurance Market, 2018 - 2021, USD Million
TABLE 61 Mexico Trade Credit Insurance Market, 2022 - 2028, USD Million
TABLE 62 Mexico Trade Credit Insurance Market by Coverage, 2018 - 2021, USD Million
TABLE 63 Mexico Trade Credit Insurance Market by Coverage, 2022 - 2028, USD Million
TABLE 64 Mexico Trade Credit Insurance Market by Application, 2018 - 2021, USD Million
TABLE 65 Mexico Trade Credit Insurance Market by Application, 2022 - 2028, USD Million
TABLE 66 Mexico Trade Credit Insurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 67 Mexico Trade Credit Insurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 68 Mexico Trade Credit Insurance Market by Vertical, 2018 - 2021, USD Million
TABLE 69 Mexico Trade Credit Insurance Market by Vertical, 2022 - 2028, USD Million
TABLE 70 Rest of North America Trade Credit Insurance Market, 2018 - 2021, USD Million
TABLE 71 Rest of North America Trade Credit Insurance Market, 2022 - 2028, USD Million
TABLE 72 Rest of North America Trade Credit Insurance Market by Coverage, 2018 - 2021, USD Million
TABLE 73 Rest of North America Trade Credit Insurance Market by Coverage, 2022 - 2028, USD Million
TABLE 74 Rest of North America Trade Credit Insurance Market by Application, 2018 - 2021, USD Million
TABLE 75 Rest of North America Trade Credit Insurance Market by Application, 2022 - 2028, USD Million
TABLE 76 Rest of North America Trade Credit Insurance Market by Organization Size, 2018 - 2021, USD Million
TABLE 77 Rest of North America Trade Credit Insurance Market by Organization Size, 2022 - 2028, USD Million
TABLE 78 Rest of North America Trade Credit Insurance Market by Vertical, 2018 - 2021, USD Million
TABLE 79 Rest of North America Trade Credit Insurance Market by Vertical, 2022 - 2028, USD Million
TABLE 80 Key Information – Allianz Trade
TABLE 81 Key Information – Zurich Insurance Group Ltd.
TABLE 82 Key Information – Chubb Limited
TABLE 83 Key Information – Aon plc
TABLE 84 Key Information – American International Group, Inc. (AIG)
TABLE 85 Key Information – Coface SA
TABLE 86 Key Information – Atradius n.v
TABLE 87 Key Information – Great American insurance company
TABLE 88 Key Information – QBE Insurance Group Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships : 2019, Jan – 2022, Nov) Leading Players
FIG 5 SWOT Analysis: Allianz Group
FIG 6 SWOT Analysis: Zurich Insurance Group
FIG 7 Recent strategies and developments: Chubb limited
FIG 8 SWOT Analysis: Chubb Limited
FIG 9 SWOT Analysis - American International Group, Inc.
FIG 10 Recent strategies and developments: Coface sa