Trade Credit Insurance in Major Global Markets is a report about markets for trade credit cover in Australia, Brazil, Canada, China, India, Japan, the Middle East (defined as the GCC countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE), Russia, South Africa and the USA. Valued at over USD 3.5 billion in gross written premiums in 2013, these markets are growing to one degree or another in all ten territories, with especially rapid growth being recorded in China and the Middle East.
In addition to documenting the development of the market value from 2009 to 2013, the report also divides it for the most recent year between four key segments: between small companies with an annual turnover of less than USD 5 million and larger companies with a turnover above this threshold; between single-risk and annual policies; between export and domestic trade credit insurance; and between protection acquired for political risks and cover bought for business risks.
These unique market splits are based in part on a survey of over 150 leading brokers of trade credit insurance across the ten markets. In each territory, this same survey also identifies the underwriters used by brokers on a regular basis, gives an input into Finaccord's estimates for the market shares of underwriters of trade credit insurance, provides a basis for commentary surrounding distribution channels used for this type of policy, helps to identify the brokers with the highest distribution share and informs Finaccord's forecasts for the market value through to 2017.
Key features of this report include:
quantification of the market size for trade credit insurance in each of the ten territories: how much is each market worth, where is the fastest growth occurring and how do they break down into key segments?
presentation of the actual or estimated market shares of underwriters of trade credit insurance in 2013 based on both the survey of over 150 brokers and other available data sources;
audit of the frequency of usage of underwriters by major brokers of trade credit insurance in each market: to what extent are competitors effectively challenging incumbents such as Sinosure in China and CGIC in South Africa?
availability of an accompanying PartnerBASE™ dataset that logs partnerships for trade credit insurance identified by Finaccord across major banks and trade associations in each market;
forecasts for the market for trade credit insurance in each territory and how it will split between domestic and export trade credit cover: what is this sector likely to look like in 2017?
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Finaccord is a market research, publishing and consulting company specialising in insurance and other financial services. Finaccord is part of Aon Global Operations, Singapore Branch.