HTF MI added a new research study in its database with title ‘Global Credit Insurance Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’ that includes detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe or Asia and important players/vendors such as Zurich Insurance Group Ltd (Switzerland), AIG (United States), Chubb (United States), Euler Hermes (France), Atradius (Netherlands), Coface (France), Credendo Group (Belgium), QBE Insurance Group Ltd. (Australia), Cesce (Spain) and Equinox (United States). The report will help user gain market insights, future trends and growth prospects for forecast period of 2019-2025
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Credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Credit insurance product is a type of property and casualty insurance. Credit insurance is an insurance policy bought by a borrower that pays off one or more existing debts in the event of a disability, or in rare cases, death, and unemployment. It is marketed most frequently as a credit card feature, with the monthly cost charging a low percentage of the card’s unpaid balance. Credit insurance is considered as one way to decrease this risk. Also, it is the overlying field of covering exporters against the risk they will not be paid for a range of reasons including political upheaval or simply default. This growth is primarily driven by High Adoption due to Unbalanced Macro-Economic Factors and Growing Demand due to Improving Sales and Accounts Receivable Support Benefits.
Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This insurance product is a type of property and casualty insurance, and should not be confused with such products as credit life or credit disability insurance, which individuals obtain to protect against the risk of loss of income needed to pay debts. Trade credit insurance can include a component of political risk insurance which is offered by the same insurers to insure the risk of non-payment by foreign buyers due to currency issues, political unrest, expropriation etc.
Globally, a noticeable market trend is evident Rising Attraction towards Simplified Insurance Claiming Procedures. The Multi-line Insurance sector in the Europe region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Zurich Insurance Group Ltd (Switzerland), AIG (United States), Chubb (United States), Euler Hermes (France), Atradius (Netherlands), Coface (France), Credendo Group (Belgium), QBE Insurance Group Ltd. (Australia), Cesce (Spain) and Equinox (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2nd June 2019, Zurich Insurance Group (Zurich) has acquired ANZ’s life insurance business, OnePath Life, becoming a leading life insurer for retail customers in that market. Zurich expands its bank distribution footprint attracting up to 6 million new customers in Australia.
On 26th March 2019, Coface has launched its credit insurance offer in Greece. Coface is now able to strengthen its support to Greek businesses, by providing them with its recognized expertise in monitoring the credit-worthiness of millions of companies all over the world, and by protecting their commercial transactions.
High Adoption due to Unbalanced Macro-Economic Factors
Growing Demand due to Improving Sales and Accounts Receivable Support Benefits
Rising Attraction towards Simplified Insurance Claiming Procedures
Integration of Technology of Credit Insurance
Rising Concern about Fraudulent Policies as well as Claims
Emergences of Credit Insurance Companies in Developing Countries and Market Is Penetrating At a Higher Growth Rate in Developing Regions Due To the Growing Export Business in the Regions
HTF follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Strategic Points Covered in Table of Content of Global Credit Insurance Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Credit Insurance Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basi
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