Gitnux/Report 2026

Credit Insurance Industry Statistics

The global trade credit insurance market is forecast to reach $31.0 billion by 2033, and 2026 figures support deeper checks on growth, companies and trends.
298Statistics
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12Sections
1Visuals
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November 11, 2026Updated
Credit Insurance Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published ·Updated
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The credit insurance industry at a glance

Credit insurance is a concentrated, Europe-led market, with ICISA estimating €16 billion in trade credit insurance premiums in 2024. Grand View Research forecasts the market to increase from $14.4 billion in 2026 to $31.0 billion in 2033 at an 11.3% CAGR.

€16B[41]
Trade credit premiums, 2024
€13.0B[61]
Global market size, 2025
11.3%[61]
Forecast CAGR, 2026–2033
60%[12]
Top three market share, 2024
Market size
ICISA estimates that trade credit insurance generated approximately €16 billion in premiums in 2024. A separate market-research estimate places the broader global trade credit insurance market at $13.0 billion in 2025.[41][61]
Forecast & CAGR
Grand View Research forecasts the market to increase from $14.4 billion in 2026 to $31.0 billion in 2033, representing an 11.3% CAGR. Mordor Intelligence estimates the United States market will grow from $2.45 billion in 2026 to $4.01 billion in 2031, a 10.36% CAGR.[61][62]
Market share & regions
Europe was the largest regional market in 2025, accounting for 31.7% of global trade credit insurance revenue according to Grand View Research. Atradius reported that Europe represented approximately 65% of its total credit-insurance exposure in 2025; Germany accounted for 13.8% and Spain for 11.1%.[61][63]
Segmentation
Coverage is commonly divided into whole-turnover, single-buyer and excess-of-loss products. In the United States, whole-turnover policies accounted for 83% of the market in 2025, while international business represented 59% of premiums and food and beverage represented 29%.[62][64]
Key players & concentration
The market is led by Allianz Trade, Atradius and Coface. Coface states that these three global insurers accounted for around 60% of the global market in 2024, while WTW estimates that the trio represented approximately 70% of global short-term credit-insurance risk capacity in 2025.[12][65]
Pricing
Atradius says credit insurance typically costs between 0.1% and 0.5% of insured turnover, or approximately €0.10 to €0.50 per €100 insured. Pricing varies with portfolio risk, turnover and policy terms, and customers commonly pay premiums monthly.[18]
Trends, drivers & challenges
Demand is being supported by supply-chain disruption, geopolitical uncertainty and rising insolvencies. ICISA reported that insured trade supported 15% of world trade in 2024, equivalent to approximately €9.25 trillion of transactions, while the London market claims survey recorded 185 claims worth more than $400 million in 2025, with Africa accounting for 71% of reported claims.[41][53]
Consumer behavior & competition
Credit insurance is primarily a business-to-business product rather than a household purchase. Competition is concentrated among three global providers, but alternative capacity is expanding: Aon reported that new capacity from managing general agents and other entrants made supplemental options more common in 2024.[12][66]
M&A
Strategic activity has focused on data and analytics as insurers seek better underwriting and monitoring capabilities. Coface acquired North American data-analytics company Rel8ed in January 2023 to expand alternative-data and credit-risk analytics for its insurance and business-information operations.[12]
Regulation
EU credit insurers operate under Solvency II prudential rules covering capital, governance, reporting and group supervision. Directive (EU) 2025/2 updates the framework, with the amended rules scheduled to take effect on 30 January 2027.[67]
Latest news
ICISA reported in December 2025 that private trade credit insurance supported approximately €9.25 trillion of transactions in 2024 and generated an estimated €16 billion in premiums. Atradius also received final approval for Lloyd’s Syndicate 1864 to begin underwriting trade credit business from 1 January 2026, initially targeting financial-sector clients in Europe.[41][18]

02 Ranking

Top 10 Companies in the Credit Insurance Industry

The leading companies in the credit insurance industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

Allianz Trade stands out for AI-augmented trade-credit underwriting because it monitors 85 million+ companies in its proprietary risk database in 2026, while SACE focuses on export credit and trade credit insurance since it serves specific geographic credit-risk markets.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in trade credit insurance

    Allianz Trade

    FR

    Ranked #1 · 9.2 · Trade credit insurance

    Why we picked it: The firm serves global trade credit insurance and credit risk, with an operating margin of 17.5%.

    See in ranking ↓Visit allianz-trade.com ↗

  2. #2 overall

    SACE

    IT

    Ranked #2 · 9.1 · Trade credit insurance

    Why we picked it: The insurer serves export credit and trade credit insurance needs concentrated in defined geography-specific credit-risk markets.

    See in ranking ↓Visit sace.it ↗

  3. #3 overall

    K-SURE

    KR

    Ranked #3 · 8.9 · Trade credit insurance

    Why we picked it: The agency focuses on Korean export and trade credit insurance under a national export-credit mandate.

    See in ranking ↓Visit ksure.or.kr ↗

Pick 1 is the #1 company overall. No other segment places in the top 5, so picks 2 and 3 follow rank.

Full ranking

Sort by
Top 10 companies in the credit insurance industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Allianz Trade

Trade credit insurance · FR

9.2
2

SACE

Trade credit insurance · IT

9.1
3

K-SURE

Trade credit insurance · KR

8.9
4

Coface

Trade credit insurance · FR

8.7
5

China Export & Credit Insurance Corporation

Trade credit insurance · CN

8.7
6

Chubb

Specialty trade credit insurance · CH

8.7
7

Atradius

Global credit insurance, surety and collections · NL

8.5
8

Credendo

Trade credit, export credit and political risk insurance · BE

8.4
9

Export Development Canada

Canadian export and trade credit insurance · CA

8.0
10

ECGC

Indian export credit insurance · IN

7.7

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the credit insurance industry. In Credit Insurance Industry Statistics. Gitnux. https://gitnux.org/credit-insurance-industry-statistics/#top-companies

report visual · Breakdown

Europe credit insurance premiums by coverage type

Export trade credit insurance holds the largest share at 52%.

52%
Export trade credit insurance
48%
Domestic trade credit insurance
source-verifiedatlas-mag.net

04 Statistics

Technology & Innovation

AI and automation are moving from planned adoption to workflow usage, with 43% introducing automation for selected insurer workflows in 2026.

AI in the credit insurance industry

  • 29% of credit-analytics survey respondents expect significant AI expansion in insurers’ credit-assessment processes over the next three years; global, 2026.[1]
  • 62 countries are covered by Allianz Trade’s credit-analyst network supporting AI-augmented trade-credit underwriting; 2026.[2]
  • 71% of credit-analytics survey respondents expect gradual AI adoption in insurers’ credit-assessment processes over the next three years; global, 2026.[1]
  • 85 million+ companies are monitored in Allianz Trade’s proprietary risk database using machine learning and artificial intelligence to augment analysts; global, 2026.[2]
  • 30 full-time data scientists support Allianz Trade’s proprietary credit-risk database and artificial-intelligence capabilities; global, 2026.[2]
  • 1,700 sector-specific credit analysts support Allianz Trade’s AI- and machine-learning-enhanced credit assessment; 62 countries, 2026.[2]

Automation in the credit insurance industry

  • 43% of credit-analytics survey respondents have introduced automation for selected insurer workflows; global, 2026.[1]
  • 29% of credit-analytics survey respondents remain at the experimental stage of automation in insurer workflows; global, 2026.[1]

Digital Transformation in the insurance sector (sector benchmark)

  • 13% of UK insurance professionals surveyed said their operations were fully digitized, while 79% considered digital transformation important or extremely important for competitiveness.[3]
  • 46% of global insurers were classified as having digital aspirations in ACORD’s 2025 maturity study, meaning they had explicit digitalization investment but remained on the transformation journey.[4]
  • 25% of the world’s 210 largest insurers had fully digitalized their value chain in ACORD’s 2025 study, while 46% were still investing in digitalization without completing the transformation.[4]
  • 45% of surveyed global insurance companies identified legacy technology systems and infrastructure as their biggest barrier to adopting digital tools and new ways of working.[5]

Technology Adoption in the insurance sector (sector benchmark)

  • 95% of UK insurance firms responding to the Bank of England’s 2024 survey were already using artificial intelligence, the highest adoption rate among surveyed financial-services sectors.[6]
  • 76% of US insurance executives surveyed by Deloitte had implemented generative AI in at least one business function in 2024, including 82% of life-and-annuity insurers and 70% of property-and-casualty insurers.[7]
  • 65% of European insurance undertakings surveyed by EIOPA were already actively using generative AI in 2025, with another 23% planning adoption.[8]
  • 78% of global property-and-casualty insurers surveyed by Bain were using generative AI in some capacity in 2025, but only 4% had scaled it across their organizations.[9]

Cloud Computing in the insurance sector (sector benchmark)

  • 78% of Insurance Ireland CEOs surveyed planned future use of cloud technology in 2025, despite already reporting 94% current adoption.[10]
  • Gartner reported in 2024 that industry cloud platforms were highly valued by insurance respondents to its Cloud End-User Behavior Survey, indicating strong interest in sector-specific cloud environments.[11]
  • 94% of Insurance Ireland CEOs surveyed said their companies currently adopted cloud technology in 2025, making it the most widely adopted innovative technology in the survey.[10]
  • Cloud computing and data-science techniques were described as well embedded across many Irish insurance companies in a 2025 CEO survey covering 37 respondents.[10]

Big Data in the insurance sector (sector benchmark)

  • 64% of reported generative-AI use cases among European insurers were for internal back-office applications in EIOPA’s 2025 survey, compared with 36% for customer-facing applications.[8]
  • 50% of European non-life insurers and 24% of life insurers reported using artificial intelligence in their operations in EIOPA’s 2023 digitalization survey.[8]
  • 65% of European insurance undertakings surveyed by EIOPA used generative AI in 2025, with reported applications spanning customer service, claims management, sales and distribution, and data analysis.[8]
  • 75% of Insurance Ireland CEOs surveyed said their companies currently adopted data science or analytics in 2025, making it the second-most adopted innovative technology in the survey.[10]

IoT in the insurance sector (sector benchmark)

  • 19% of Insurance Ireland CEOs surveyed planned future Internet of Things adoption in 2025, up from 13% reporting current adoption.[10]
  • 13% of Insurance Ireland CEOs surveyed said their companies currently adopted Internet of Things technology in 2025.[10]
  • 13% of Insurance Ireland CEOs reported current IoT adoption in 2025, compared with 94% for cloud technology and 75% for data science or analytics.[10]
  • 19% of Insurance Ireland CEOs reported planned IoT adoption in 2025, compared with 54% planning machine learning and predictive modelling and 86% planning artificial intelligence.[10]

Innovation in the credit insurance industry

  • 2024 marked the launch of Coface’s Power the Core strategic plan, built around AI-powered decision science, digital connectivity and digital access in credit insurance; global, 2024.[12]
  • 30 full-time data scientists are part of Allianz Trade’s credit-risk and innovation capability; global, 2026.[2]

05 Statistics

Data & Analytics

Business intelligence in the credit insurance industry

  • About 5,000 Coface clients used both business-information and trade-credit-insurance services in 2024.[12]
  • Approximately 50 information providers supplied data to Coface’s business-information and trade-credit-insurance operations in 2024.[12]
  • Coface’s data and analytics transformation team had tripled to 440 full-time-equivalent employees by 2024.[12]
  • Coface identified 17 countries as domestic markets in its 2024 data-and-scoring development plan.[12]
  • About 27,000 Coface clients used trade-credit-insurance services without business-information services in 2024.[12]
  • More than 50% of Coface scores were available online in satellite markets in 2024, according to the company’s market-development presentation.[12]

Data analytics in the credit insurance industry

  • 5 million financial statements were available for real-time comparison between similar companies in Coface’s advanced analytics solutions in 2024.[12]
  • At least 5 Gini points were identified by Coface as potential performance improvement from AI-powered scoring compared with traditional scores in 2024.[12]
  • Coface’s advanced analytics dashboards used scores and key indicators from its economists to identify risks and investment opportunities in 2024.[12]
  • Up to 20 Gini points were identified by Coface as potential performance improvement from AI-powered scoring compared with traditional scores in 2024.[12]
  • Coface’s analytics combined data science, machine learning and deep learning technologies for underwriting-focused risk-management solutions in 2024.[12]
  • More than 600,000 company meetings were conducted annually by Allianz Trade’s credit-assessment teams globally in 2024, supplying information for credit models.[2]

Data Quality in the insurance sector (sector benchmark)

  • 39% of insurers globally cited asset data management as an operational challenge in 2024.[13]
  • 53% of insurance respondents globally identified access to external data as a fraud-response challenge in 2024.[14]
  • 63% of UK insurers and brokers reported distrust in data as a data challenge in 2025.[15]
  • 45% of insurers globally cited receiving relevant asset data within required timeframes as an operational challenge in 2024.[13]
  • 61% of insurance respondents globally identified internal data quality as their biggest challenge in fraud response in 2024.[14]
  • 71% of UK insurers and brokers reported duplicate data as a data challenge in 2025.[15]

Data Governance in the insurance sector (sector benchmark)

  • 17% of UK insurers and brokers had a unified data platform supporting integrations from multiple data sources in 2025.[15]
  • 65% of insurance executives said data governance was a focus of their data strategy in 2026.[16]
  • 55% of insurance executives said data security and privacy were a focus of their data strategy in 2026.[16]
  • 48% of insurance executives said risk management and compliance were a focus of their data strategy in 2026.[16]
  • 67% of UK insurers and brokers followed manual processes for customer financial-crime risk assessments in 2025.[15]

KPIs in the credit insurance industry

  • 10.8% of Atradius insurance revenue came from Asia in 2024.[17]
  • 11.0% of Atradius’s total potential credit-insurance exposure was in Spain at year-end 2024.[17]
  • 34.1% was Atradius’s credit-insurance expense ratio in 2024, compared with 34.3% in 2023.[17]
  • EUR 870.6 million was Atradius gross claims expense in 2024, up 2.5% from 2023.[17]
  • 9.7% of Atradius insurance revenue came from the Americas in 2024.[17]
  • 14.1% of Atradius’s total potential credit-insurance exposure was in Germany at year-end 2024.[17]

06 Statistics

Strategy & Growth

Operations scale is visible in case throughput and coverage, including Coface processing 15,000 underwriting cases per day in 2025.

Growth in the credit insurance industry

  • €392.3 million was Atradius’s 2024 result, representing 5.4% growth from the previous year.[18]
  • Approximately $200 million of annual revenue was expected from QBE’s global trade credit and surety business acquired by Swiss Re.[19]
  • 4.4% was Coface’s 2024 exposure growth rate, following 2.7% growth in 2023.[12]
  • €2.07 billion was Atradius’s insurance revenue in 2024, down 1.1% from the prior year.[17]
  • 15,000 underwriting cases per day were processed by Coface in 2025 as part of its credit-insurance operations.[12]
  • €927.9 billion was Atradius’s total potential credit-insurance exposure at the end of 2024, an increase of 5.8% year over year.[18]

Differentiation in the credit insurance industry

  • 50+ countries hosted Atradius operations in 2024, supporting local-market credit underwriting and servicing.[18]
  • 100 countries and approximately 200 markets were covered by Coface directly or through its partner network in 2026.[12]
  • 160+ countries were assessed by Coface each year for credit and trade-risk analysis in 2026.[12]
  • 5,500+ employees worked for Coface across 59 countries in 2026.[12]
  • 245 million companies were included in Coface’s database in 2026 for credit-information and underwriting purposes.[12]
  • 75,000+ corporate customers use Allianz Trade’s trade credit insurance and credit-management services globally.[2]

Mergers and acquisitions in the credit insurance industry

  • 26 countries were covered by QBE’s international operations when Swiss Re agreed to acquire its global trade-credit and surety business in 2026.[19]
  • $7.8 billion was the value of Marsh McLennan’s announced 2024 acquisition of McGriff Insurance Services.[20]
  • $13 billion was the value of Aon’s announced 2024 acquisition of NFP, expanding its insurance-brokerage platform.[20]
  • $148 billion of client assets were managed by HPS Investment Partners when BlackRock announced its acquisition in 2024.[21]
  • $17.8 billion was the aggregate value of U.S. insurance-company M&A transactions announced in 2024.[22]
  • 2 trade-credit acquisitions were completed by WTW in 2025 when it bought Global Commercial Credit and CFS International.[23]

Strategic partnerships in the credit insurance industry

  • $6 billion was the size of the fifth IFC credit-insurance facility signed with 19 global insurers in February 2026.[24]
  • 19 global insurance companies participated in IFC’s 2026 credit-insurance facility, including Allianz Trade, AIG, AXA XL, Chubb, Munich Re and Swiss Re.[24]
  • 50+ countries were covered by Atradius’s multinational operating model, supporting cross-border partnerships and global policy servicing in 2024.[18]
  • 200 banks and general insurers were included in Coface’s global partner network in 2026.[12]
  • 1 Documentary Credit Insurance Policy agreement was signed by ICIEC and ITFC in March 2025 for Shariah-compliant trade transactions.[25]
  • 96% was Atradius Global’s customer-retention rate cited for multinational clients on its partnership platform.[18]

07 Statistics

People & Workforce

Workforce and transformation coverage extends beyond model work, with 75% of global chief risk officers reporting increased involvement in enterprise change initiatives in 2025.

Hiring in the credit insurance industry

  • 38% of Coface’s external senior-manager recruitments were women in 2022, equal to 6 of 16 appointments.[12]
  • 10% of Coface’s new hires were aged over 50 in 2023, globally.[12]
  • 22% was the year-on-year increase in Coface employees directly dedicated to sales in 2023, reflecting expansion of its information-sales business.[26]

Remote Work in the insurance sector (sector benchmark)

  • Across U.S. finance and insurance employees, 30% worked fully from home during the December 2024–March 2025 survey period.[27]
  • Across North American insurance and actuarial professionals, 89% said in 2025 they had the option to work remotely.[28]
  • Across U.S. insurance companies, 22% said in 2025 that most of their staff worked fully remotely.[29]
  • Across U.S. finance and insurance workers, 13.4% reported remote work in the Chicago Fed survey covering July 2021 through March 2024.[30]

Hybrid Work in the insurance sector (sector benchmark)

  • Across 116 UK insurance companies, 19% expected their hybrid-working policy to become more restrictive in 2025.[31]
  • Among finance, insurance and real-estate employers in the United States, 55.8% were classified as fully hybrid in the 2024 NACE employer survey.[32]
  • Across U.S. finance and insurance employees, 38% worked in hybrid arrangements during the December 2024–March 2025 survey period.[27]
  • Across U.S. finance and insurance workers, 28.7% were in hybrid work environments as of September 2024.[33]

Upskilling in the credit insurance industry

  • 140 Coface employees in the Mediterranean and Africa region received LinkedIn training content in 2020.[12]
  • 120+ internally designed underwriting modules were available on Coface’s digitized training platform in 2024.[34]
  • 26 Coface employees took part in a 2022 program focused on age, gender, sexual orientation and country of origin.[12]
  • 5 hours was the average amount of self-training completed by each of the 140 Coface employees participating in the Mediterranean and Africa LinkedIn initiative in 2020.[12]

Employee Engagement in the insurance sector (sector benchmark)

  • Across insurance employees surveyed by APQC in the first half of 2024, employee experience priorities and engagement gaps were measured across insurance organizations.[35]
  • Across U.S. employees, 33% were engaged in their work and workplace in 2023, an economy-wide benchmark relevant where insurance-specific engagement data are limited.[36]
  • Among workers newly hired into property and casualty insurance during the previous five years, about one-third valued engaging and interesting work in a 2025 poll.[33]
  • Among U.S. employees surveyed by Gallup, 16% were actively disengaged in 2023, providing an economy-wide benchmark for insurance employers.[36]

DEI in the credit insurance industry

  • 33% of Coface’s Executive Committee members were women in 2023.[12]
  • 62.6% of Coface employees in Central Europe were women in 2023.[12]
  • 36.5% of Coface managers in Western Europe were women in 2023.[12]
  • 48.7% of Coface employees in Northern Europe were women in 2023.[12]
  • 64.2% of Coface managers in Latin America were women in 2023.[12]

Change Management in the insurance sector (sector benchmark)

  • Across property and casualty insurers, 28% of AI investment went to change management, including employee and leadership training, in 2026.[37]
  • Across 53 insurance transformation leaders, 44% placed their organizations in the top quartile for AI transformation in 2026.[16]
  • Among global insurance chief risk officers, 75% reported increased involvement in major enterprise-wide change initiatives in 2025.[38]
  • Across 200 global insurance executives, 45% identified legacy technology as a major barrier to adopting digital tools and new ways of working in 2024.[5]
  • Across 200 global insurance executives, 73% planned to change their core insurance management technology within three years in 2025.[39]

08 Statistics

Customer & Sales

Customer experience metrics track renewal and decision cycles, including Atradius processing credit-limit decisions in half a day in 2024.

Customer experience in the credit insurance industry

  • 63% of surveyed Atradius customers described the company and its service as reliable across the United States, Mexico and Canada.[40]
  • 50% of surveyed Atradius customers selected a supportive and proactive account team as a reason for choosing Atradius over competitors.[40]
  • 12% was the response rate for Atradius’s latest customer survey of credit-insurance customers in North America.[40]
  • 77% of surveyed Atradius customers described the company and its service as professional in the latest customer survey covering the United States, Mexico and Canada.[40]
  • 59% of surveyed Atradius customers described the company and its service as efficient across the United States, Mexico and Canada.[40]

Customer retention in the credit insurance industry

  • 94.5% was Atradius’s customer-retention rate in 2024 for its credit-insurance business worldwide.[18]
  • 90% of surveyed Atradius customers said they were likely or very likely to renew their credit-insurance policy.[40]
  • 94.9% was Atradius’s credit-insurance customer-retention level in 2023.[18]
  • 92.7% was the lowest annual credit-insurance customer-retention level reported by Atradius over the five-year period ending in 2023.[18]
  • 94% is the customer-retention rate currently highlighted by Atradius for its trade-credit-insurance business worldwide.[18]

Customer acquisition in the credit insurance industry

  • 60% of Coface’s credit decisions were automated for the smallest and most repetitive cases in 2024.[12]
  • Approximately 100,000 customers generated Coface’s consolidated turnover in 2022 across its credit-insurance and related business lines.[12]
  • 13% was the estimated global penetration rate of credit insurance in total trade receivables in 2023, indicating substantial potential for acquiring new clients.[26]
  • Half a day was the time Coface reported for a credit decision in 2024, down from five days previously.[12]
  • Less than €30,000 was Coface’s average annual income per client in 2022.[12]

Customer loyalty in the credit insurance industry

  • Around 10% of Coface’s credit-insurance clients were surveyed each month in 2023 to measure Net Promoter Score.[26]
  • +51 was Atradius’s Net Promoter Score among surveyed U.S. credit-insurance customers.[40]
  • 51% of surveyed Atradius customers selected the level of coverage as a reason for choosing Atradius over competitors.[40]
  • 88% of surveyed Atradius customers said mitigating credit risk was a reason for purchasing credit insurance.[40]
  • +59 was Atradius’s overall Net Promoter Score in its latest customer survey of credit-insurance customers in the United States, Mexico and Canada.[40]

Lead generation in the credit insurance industry

  • 13% was the estimated share of worldwide trade receivables covered by credit insurance in 2023, leaving most receivables outside the market’s customer base.[26]
  • 26% was Allianz Trade’s approximate global credit-insurance market share in 2021, according to Coface’s market analysis.[12]
  • Approximately 100,000 customers were connected to Coface’s global database in 2024, supporting prospecting and credit-risk services.[12]
  • 20% was Atradius’s approximate global credit-insurance market share in 2021, according to Coface’s market analysis.[12]
  • 500 information specialists were hired by Coface over four years to expand its business-information activities, a source of customer leads and cross-selling.[12]

09 Statistics

Marketing & Brand

Distribution discussion shifts toward digital-first channels through industry sessions, including an ICISA programme session on adapting distribution in 2025.

Digital marketing in the credit insurance industry

  • 1 session in the 2025 programme focused on adapting distribution as business models and channels shift toward a digital-first environment.[41]
  • 1 session in the 2025 programme addressed the digital business era and the transformation of trade credit insurance distribution through technology.[41]
  • 15–18 September 2025 was the scheduled date for ICISA’s fourth Trade Credit Insurance Week, a global online industry event for credit insurance practitioners and businesses.[41]
  • 1 AI-focused session in the 2025 programme examined practical applications of artificial intelligence in credit-insurance underwriting.[41]
  • 4 editions of Trade Credit Insurance Week had been held by 2025, providing online sessions on digital distribution and technology in trade credit insurance.[41]

Branding in the credit insurance industry

  • About 40 people from 7 regions participated in a Coface innovation hackathon focused on customer needs and product development.[12]
  • 1 commercial hub was created by Coface to support customer service through an agile process and technology.[12]
  • 5,500 people make up Coface’s workforce, supporting the company’s global credit-insurance brand.[12]
  • 80+ nationalities are represented among Coface employees, indicating the international scope of the credit-insurance brand.[12]
  • Approximately 15 countries were represented in Coface’s innovation hackathon, illustrating the multinational nature of its brand and product development.[12]

Social media in the credit insurance industry

  • 2 social platforms, LinkedIn and YouTube, are listed by ICISA as channels for following the international credit-insurance association.[41]
  • 4 days of online programming were scheduled for ICISA’s 2025 Trade Credit Insurance Week, creating four days of digital industry content.[41]
  • 1 LinkedIn channel is promoted by Coface on its careers page as the company’s social connection point for followers.[12]
  • 4 editions of Trade Credit Insurance Week had been delivered by 2025 through an online format that supports digital audience engagement.[41]
  • 300,000+ LinkedIn followers connect with Coface, according to the company’s careers page.[12]

Influencer Marketing in the insurance sector (sector benchmark)

  • 4.17%: Banking, finance and insurance companies’ average share of marketing budgets allocated to influencer strategies one year earlier, based on 29 surveyed companies in 2023.[42]
  • 5.76%: Banking, finance and insurance companies’ average share of marketing budgets allocated to influencer strategies currently, based on 29 surveyed companies in 2023.[42]
  • 8%: European insurance undertakings reported plans to establish a commercial relationship with social-media influencers soon in EIOPA’s 2023 survey of 209 undertakings.[8]
  • 11.62%: Banking, finance and insurance companies’ projected average share of marketing budgets allocated to influencer strategies three years later, based on 29 surveyed companies in 2023.[42]
  • 25%: European insurance undertakings reported already having a commercial relationship with social-media influencers in EIOPA’s 2023 survey of 209 undertakings.[8]

10 Statistics

Operations & Execution

Automation reduces decision and claims timelines, with Atradius handling more than 70% of credit-limit applications automatically using AI and machine learning in 2026.

Process optimization in the credit insurance industry

  • Real-time digital tools enabled Atradius customers and brokers to request limits, manage policies, monitor risk and file claims in 2026.[43]
  • More than 70% of Atradius credit-limit applications were processed automatically using AI and machine learning in 2026, covering the insurer’s global operations.[43]
  • More than 90,000 collection cases were handled annually by Atradius, supporting automated and standardized recovery processes worldwide in 2026.[43]
  • Over $45 million in claims savings had been generated by Atradius through automated credit-limit processing and reduced manual errors by 2026.[43]
  • Over $1 billion in cash was recovered for Atradius clients through its collections network in 2026.[43]

Operational efficiency in the credit insurance industry

  • 58% of United Kingdom insurance professionals surveyed reported difficulty accessing readily available claims funds in 2025.[44]
  • Only 1% of surveyed insurance professionals rated collaboration between claims and finance teams as highly effective in 2025.[44]
  • 79% of insurance professionals surveyed in the United States and United Kingdom cited internal process complexity as a cause of claims-disbursement delays in 2025.[44]
  • 78% of surveyed insurance professionals reported friction from coordination with brokers, third-party administrators or banks during claims disbursements in 2025.[44]
  • Only 32% of surveyed finance leaders said they had visibility into delegated claims funds in 2025.[44]

Quality management in the credit insurance industry

  • 100% of claims made by regulated financial institutions were honoured by participating trade credit insurers in 2024.[45]
  • 54% of reported claim payments by value were made in Africa in the 2024 trade credit claims survey.[45]
  • 78% of claims by frequency contained an exclusion for nuclear, biological, chemical or radioactivity incidents or insured insolvency in 2024.[45]
  • +74 was Atradius’s Net Promoter Score among United States customers in 2024.[43]
  • 71% of reported claims by number arose in Africa in the 2024 trade credit claims survey.[45]

Supply chain in the credit insurance industry

  • 18 countries were members of the African Trade Insurance Agency’s trade and investment insurance program as of 2019.[46]
  • US$6.4 billion was the African Trade Insurance Agency’s gross exposure in trade and investment transactions at the end of 2019.[46]
  • More than 6% of world GDP was represented by trade flows covered by credit insurance in 2019.[46]
  • 10% of annual cross-border credit insurance volume supported trade in capital goods such as aircraft, ships, power plants and refineries in 2019.[46]
  • More than US$5 trillion of global trade flows were covered by credit insurance in 2019, according to the World Bank.[46]

Outsourcing / Offshoring in the insurance sector (sector benchmark)

  • 63% of Australian insurance businesses that offshore used offshore teams for administration and back-office work in 2026.[47]
  • 44% of insurance organizations globally planned to increase outsourcing in Asia over the following 12 months in 2025.[16]
  • 45% of Australian insurance businesses that offshore used offshore teams for document processing in 2026.[47]
  • 37% of Australian insurance businesses offshored at least one function in 2026, compared with 29% in 2023.[47]
  • 79% of insurance organizations globally balanced nearshore and offshore strategic partnerships in 2025.[16]

11 Statistics

Finance & Pricing

Pricing and expense discipline are central under competitive pressure, with Atradius’s 2024 gross operating expense of €705.5 million for credit insurance.

Pricing strategy in the credit insurance industry

  • 93.1% was Coface’s client retention rate in 2023, its record level at the time.[12]
  • 25% was the increase in available trade credit insurance capacity since 2019, supporting competitive pricing conditions in 2024.[48]
  • 0.25 cents per dollar of insured sales is a typical U.S. trade credit insurance premium, according to Allianz Trade’s pricing guidance for businesses.[2]
  • €1,489.4 million represented Coface’s 2023 gross earned premiums from credit insurance, including single-risk premiums.[12]
  • 94.5% was Atradius’s customer retention rate in 2024, supporting its customer-focused pricing and growth strategy.[49]

Cost reduction in the credit insurance industry

  • €705.5 million was Atradius’s 2024 gross operating expense for credit insurance and instalment credit protection, down from €716.1 million in 2023.[49]
  • €127.3 million was Atradius’s 2024 reinsurance result charge for credit insurance and instalment credit protection, lower than €184.8 million in 2023.[49]
  • €184.8 million was Atradius’s 2023 reinsurance result charge for credit insurance and instalment credit protection.[18]
  • 26.6% was Coface’s 2023 net cost ratio after reinsurance, reflecting high reinsurance commissions and business mix.[12]
  • 6.7% was the increase in Atradius’s gross operating expenses from 2022 to 2023 for credit insurance and instalment credit protection.[18]

Profitability in the credit insurance industry

  • €362.9 million was Atradius’s 2024 result after reinsurance for credit insurance and instalment credit protection.[49]
  • 15% was the historical profit margin implied by an approximately 85% combined ratio for major credit insurers.[50]
  • €261.1 million was Coface’s 2024 net income attributable to the group, an 8.6% increase from 2023.[12]
  • 64.3% was Coface’s 2023 net combined ratio after reinsurance, improving by 3.3 percentage points from 2022.[12]
  • 77.0% was Atradius’s 2024 gross combined ratio under its management-reporting basis.[49]

Financial planning in the credit insurance industry

  • 199% was Coface’s estimated solvency ratio at the end of 2023.[12]
  • €1,469 million was Atradius Crédito y Caución’s solvency surplus at 31 December 2024.[18]
  • €927.9 billion was Atradius’s total potential credit insurance exposure at year-end 2024, up 5.8% from 2023.[49]
  • 87.6% was the share of Coface’s consolidated turnover generated by credit insurance products and related services in 2024.[12]
  • €1,255 million was Atradius Crédito y Caución’s Solvency Capital Requirement at the end of 2024.[18]

12 Statistics

Product & Service

Embedding and integration matter for deployment, including Atradius describing integration routes via APIs and ERP or treasury connectivity in 2025.

Product development in the credit insurance industry

  • Three main credit-insurance subcategories are operated by Atradius: traditional credit insurance, instalment credit protection and credit specialties; 2024.[51]
  • Three digital integration routes—APIs, Atradius Flow and ERP or treasury connectivity—are described by Atradius for embedding credit-insurance services into customer workflows; 2025.[52]
  • More than 70% of Atradius credit-limit applications are processed automatically using proprietary AI and machine-learning models, across more than 140 countries; 2025.[52]
  • Two additional residential and mobility applications were added to Atradius’ instalment-credit-protection range: co-ownership real-estate insurance and private-car leasing insurance; 2024.[49]
  • 3.4 million credit-limit applications are processed annually by Atradius’ automated underwriting systems; 2025.[52]

Product lifecycle in the credit insurance industry

  • 65.0% was Atradius’ gross combined ratio in 2021, down from 94.3% in 2020; 2021.[18]
  • 41.2% was Atradius’ gross claims ratio in 2024, up from 39.4% in 2023; 2024.[18]
  • €189.8 million was Atradius’ 2024 earned-premium volume in the Americas; 2024.[18]
  • 77.0% was Atradius’ gross combined ratio in 2024, compared with 75.2% in 2023; 2024.[18]
  • €367.9 million was Atradius’ 2024 earned-premium volume in Spain and Portugal; 2024.[18]

After-sales in the credit insurance industry

  • 94.5% was Atradius’ customer-retention rate in 2024; 2024.[18]
  • 92.3% was Coface’s client-retention rate for 2024; 2024.[12]
  • 28.4% was Coface’s net cost ratio in the first half of 2024; 2024.[12]
  • 20.3% was Coface’s year-on-year growth in debt-collection revenue in the first half of 2024; 2024.[12]
  • 5.9% was Atradius’ 2024 increase in non-insurance service income; 2024.[18]

Value proposition in the credit insurance industry

  • €9 billion was the trade-credit-insurance premium volume reported by ICISA members in 2024; 2024.[41]
  • €101.8 million was Atradius’ investment-portfolio contribution to its 2024 result, supporting financial capacity for policyholders; 2024.[18]
  • Above 200% was Atradius’ Solvency II ratio at the end of 2024; 2024.[18]
  • 0.8% was the decrease in trade-credit-insurance claims paid by ICISA members in 2024; 2024.[41]
  • More than 50 countries had a direct or indirect Atradius presence in 2024, supporting local service and international underwriting; 2024.[18]

13 Statistics

Sustainability & Ethics

Governance and training show up in compliance reporting, including 95% of Atradius employees completing the sustainability course in 2024.

Sustainability in the credit insurance industry

  • 1,467 Atradius employees attended at least one Sustainability Week session in 2024.[18]
  • More than 1,000 Allianz Trade colleagues attended sustainability events in 2025, and over 80% of participants felt empowered to contribute to sustainability at work.[2]
  • €1.3 million was donated to the Occident Foundation through the Atradius group’s social-commitment activities in 2025.[18]
  • 14 Atradius offices had green-building certificates, according to the company’s sustainability information.[18]
  • €1,400 billion of insured global business transactions were represented by Allianz Trade in 2025.[2]

ESG in the credit insurance industry

  • 50% of Atradius’s workforce was female and 50% male in the company’s 2025 ESG overview.[18]
  • 92% was the response rate for Atradius’s employee-engagement survey reported in 2025.[18]
  • 21 sustainability criteria across four themes were included in Atradius’s EcoVadis assessment: environment, labour and human rights, ethics, and sustainable procurement.[18]
  • Coface had doubled its single-risk exposure in ESG projects since mid-2022 by March 2024.[12]
  • 93% of Atradius employees were retained in 2024 and 2025, according to the company’s ESG overview.[18]

Ethics in the credit insurance industry

  • 1 Board Diversity and Director Selection Policy was published by Grupo Catalana Occidente in 2023 to govern director selection and under-represented-gender representation.[18]
  • 100% of Grupo Catalana Occidente employees received compulsory sustainability training in 2023, according to the group’s sustainability report.[18]
  • 1 new Human Rights Policy replaced Atradius’s previous human-rights statement in 2024.[18]
  • 1 Code of Conduct defined the rules, principles, values and expected behaviours governing Atradius employees and relationships in 2024.[18]
  • 4 core themes were covered by Atradius’s EcoVadis assessment, including ethics and sustainable procurement.[18]

CSR in the credit insurance industry

  • €1.3 million was donated to the Occident Foundation through the Atradius group’s contribution-to-society programme in 2025.[18]
  • 3 CSR and diversity-and-inclusion champion programmes were identified by Coface as part of its CSR strategy in 2024.[12]
  • 1 CSR committee including Coface’s executive team was operating by March 2024.[12]
  • 1 Green to Lead initiative supported employee-driven environmental projects at Coface by 2024.[12]
  • 88/100 was Coface’s gender-equality index in 2023, 4 points higher than in 2021.[12]

Carbon footprint in the credit insurance industry

  • 68.1% of Grupo Catalana Occidente’s reported energy consumption came from non-renewable fossil sources in 2024.[18]
  • 32% was the reduction in CO2 emissions per employee from air and rail travel in one Allianz Trade region by 2025.[2]
  • 30% was Coface’s target reduction for investment-related GHG emissions from shares and corporate bonds between 2020 and 2025.[12]
  • 76% was the reduction in Allianz Trade office energy use per employee by 2025 versus its 2019 baseline.[2]
  • 100% of Allianz Trade’s procured electricity came from renewable sources in 2025.[2]

15 Statistics

Globalization & Expansion

Cross-border coverage stays wide, with Europe as the largest regional market in 2025 at 31.7% of global trade credit insurance revenue.

Globalization in the credit insurance industry

  • 15% of global trade was supported by trade credit insurance in 2024, equivalent to approximately €9.25 trillion in transactions worldwide.[41]
  • 100 countries were covered directly or through partners by Coface, which supported customers in 200 markets in 2024.[12]
  • Approximately 60 insurers were actively participating in the global credit insurance market in 2024.[58]
  • Approximately 200 banks and general insurers formed Coface’s international partner network in 2024.[12]
  • More than 50 countries had an Atradius presence in 2024.[18]

Cultural adaptation in the credit insurance industry

  • 771 Coface employees were based in Northern Europe in 2024.[12]
  • 13 sectors were analyzed across six regions by Coface in 2024.[12]
  • Employees from 77 nations worked for Allianz Trade across more than 50 countries in 2024.[2]
  • 160-plus countries were assessed by Coface each year in its country-risk analysis in 2024.[12]
  • Approximately 300 Coface underwriters were located in 46 countries in 2024.[59]

Supplier management in the credit insurance industry

  • 200 markets were supported by Coface’s international network in 2024 for managing customer and supplier risks.[12]
  • 15,000 underwriting cases per day were processed by Coface in 2025 across its international credit-insurance operations.[12]
  • €730 billion of credit risk was guaranteed by Coface across approximately 5 million companies in 2025.[12]
  • 245 million companies were included in Coface’s business-information database in 2024 for assessing customers, suppliers and counterparties.[12]
  • More than 3 million credit limits were granted annually by Coface in 2024, or about 12,000 per day.[59]

Stakeholder management in the credit insurance industry

  • 94.5% was Atradius’s customer-retention rate in 2024.[18]
  • More than 200% was Atradius’s reported Solvency II ratio in 2024.[18]
  • €102 million was Atradius’s investment-portfolio contribution in 2024.[18]
  • €3.39 billion of claims were paid by ICISA members in 2024, supporting policyholders affected by non-payment.[41]
  • 15.1% of global invoices were directly covered by trade credit insurance in 2024, according to ICISA market research.[60]

Distribution channels in the credit insurance industry

  • An API catalogue was offered by Coface in 2024 to integrate business-information and trade-credit-insurance services with customer systems.[12]
  • 9.2% of Atradius revenue came from Asia in 2024.[18]
  • 16.7% of Atradius revenue came from Spain and Portugal in 2024.[18]
  • 100 countries were served by Coface directly or through its partner network in 2024.[12]
  • A broker portal was available from Coface in 2024 for monitoring businesses and managing customer portfolios where legally permitted.[12]

Key questions about the credit insurance industry

What is the latest size of the trade credit insurance market in premiums?
Trade credit insurance generated €16 billion in premiums in 2024, according to ICISA. A separate estimate places the broader global trade credit insurance market at $13.0 billion in 2025.
How fast is the market expected to grow through 2033?
The forecast CAGR for 2026–2033 is 11.3%. Grand View Research forecasts the market to increase from $14.4 billion in 2026 to $31.0 billion in 2033.
Which companies lead the credit insurance industry?
Allianz Trade stands out for AI-augmented trade-credit underwriting because it monitors 85 million+ companies in its proprietary risk database in 2026, while SACE focuses on export credit and trade credit insurance since it serves specific geographic credit-risk markets.
What technology shifts are appearing in credit assessment and workflows?
In 2026, 29% of credit-analytics survey respondents expect significant AI expansion in insurers’ credit-assessment processes over the next three years. In the same survey, 43% of respondents have introduced automation for selected insurer workflows.
How concentrated is the global market and who holds risk capacity?
The top three market share was 60% in 2024. WTW estimates the trio represented approximately 70% of global short-term credit-insurance risk capacity in 2025.
How are premiums typically priced for insured turnover?
Atradius says credit insurance typically costs between 0.1% and 0.5% of insured turnover, or approximately €0.10 to €0.50 per €100 insured. Premiums are commonly paid monthly.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Credit Insurance Industry Statistics. Gitnux. https://gitnux.org/credit-insurance-industry-statistics
MLA
Samuel Norberg. "Credit Insurance Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/credit-insurance-industry-statistics.
Chicago
Samuel Norberg. 2026. "Credit Insurance Industry Statistics." Gitnux. https://gitnux.org/credit-insurance-industry-statistics.

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