Credit Insurances Market Report by Trends, Drivers, and Challenges - 2025

The global Credit Insurance market was valued at approximately US$ 8.64 billion in 2017 and is projected to expand at a compound annual growth rate (CAGR) of 2.9% from 2018 to 2025, reaching an estimated US$ 10.77 billion by the end of the forecast period. The growth observed over the past five years can be attributed to two primary factors: the volatile macroeconomic environment affecting credit insurance growth and the increasing benefits associated with sales and accounts receivable support, which have heightened the demand for credit insurance.

Political and regulatory upheavals worldwide have significantly altered the landscape of global trade. Today?s businesses are compelled to innovate continuously to meet rising consumer expectations and maintain competitiveness. New market entrants are challenging established companies, aiming to capture market share, which has introduced considerable uncertainty regarding the viability of existing business models. Consequently, businesses are increasingly recognizing the necessity of safeguarding against potential losses, making credit insurance an essential component of their risk management strategies. Business owners are now more focused on securing their operations and transactions to adapt to technological advancements while simultaneously striving to enhance both top-line revenue and bottom-line profitability.

Different sectors require tailored insurance coverage, and the premiums for credit insurance can vary significantly based on the political, economic, and technological conditions within specific countries. The liberalization of markets and the rise in cross-border trade are two critical factors contributing to the growing appeal of credit insurance in both domestic and international markets.

The credit insurance market is categorized based on various components, including products and services. Additionally, it is segmented by enterprise size, distinguishing between small and medium enterprises (SMEs) and large enterprises. Furthermore, the market is divided according to application, focusing on domestic and export markets. Currently, developed regions such as Europe and North America dominate the credit insurance landscape. However, forecasts indicate that the Asia Pacific region, along with the Middle East and Africa, will become increasingly significant in the coming years.

Emerging economies in the Asia Pacific are witnessing substantial growth in foreign direct investments (FDIs) across various sectors. In particular, China's policy initiatives aimed at promoting credit insurance, the enhanced role of export credit insurance, and the liberalization of the export credit market, coupled with a growing involvement of SMEs, are pivotal factors driving the credit insurance market in this region. The expanding trade relationships between Southeast Asian nations and Western countries present considerable opportunities for the credit insurance sector to thrive.

Key players in the credit insurance market are strategically positioning themselves to capitalize on the opportunities presented by emerging markets. Prominent companies in this sector include Atradius N.V., Coface, Zurich Insurance Group Ltd., Euler Hermes, Credendo Group, QBE Insurance Ltd., Cesce, American International Group Inc., Export Development Canada, and China Export & Credit Insurance Corporation (Sinosure), among others. Numerous other firms also participate in the global market, offering enhanced products and services while maintaining a significant customer base.

In summary, the credit insurance market is poised for growth driven by the need for businesses to mitigate risks associated with economic uncertainties and the evolving landscape of global trade. As companies increasingly seek to protect their financial interests, the demand for tailored credit insurance solutions will likely continue to rise, particularly in emerging markets where opportunities abound.