GITNUXREPORT 2025

Trade Credit Insurance Statistics

Global trade credit insurance market valued at $11.72B in 2022, growing steadily.

Jannik Lindner

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Key Statistics

Statistic 1

The risk of non-payment in international trade is estimated to be around 4-5% annually.

Statistic 2

The loss ratio for trade credit insurers was approximately 45% in 2022, indicating the proportion of premiums paid out in claims.

Statistic 3

The size of the average trade credit insurance policy ranges between $100,000 and $5 million.

Statistic 4

The average premium rate for trade credit insurance coverage ranges from 0.2% to 1.5% of the insured turnover.

Statistic 5

Trade credit insurance premiums collected globally reached approximately $13 billion in 2022.

Statistic 6

The insurance industry views trade credit insurance as a low-risk sector with a loss ratio below 50% consistently over the past five years.

Statistic 7

In 2022, the average premium per policy was approximately $25,000.

Statistic 8

Trade credit insurance premiums are generally tax-deductible in many jurisdictions, reducing the net cost for companies.

Statistic 9

The global trade credit insurance premium volume is forecasted to reach $16 billion by 2028.

Statistic 10

The insurance industry’s loss ratio for trade credit insurance has remained below 50% since 2018.

Statistic 11

The global economic impact of trade credit insurance is estimated to prevent potential losses of over $100 billion annually.

Statistic 12

The average premium revenue per insurer in the trade credit segment increased by 10% in 2022.

Statistic 13

The role of government-backed export credit agencies in providing trade credit insurance can reduce insurer risk by up to 40%.

Statistic 14

Total claims paid out by trade credit insurers globally have surpassed $5 billion annually since 2020.

Statistic 15

The average premium for trade credit insurance in high-risk countries is approximately 1.2% of the insured turnover.

Statistic 16

For every $1 in insured trade, companies report an average saving of $0.35 through risk mitigation.

Statistic 17

The average claim payout in trade credit insurance is around $120,000.

Statistic 18

The average premium for political risk coverage within trade credit insurance portfolios is about $75,000 per policy.

Statistic 19

Companies that combine trade credit insurance with financial restructuring have seen a 15% improvement in liquidity.

Statistic 20

Approximately 75% of companies reported that trade credit insurance helped them recover unpaid debts.

Statistic 21

Small and medium-sized enterprises (SMEs) utilize trade credit insurance at a rate of about 60% higher than large corporations.

Statistic 22

About 68% of exporters consider trade credit insurance as a critical component of their export risk management strategy.

Statistic 23

The primary sectors utilizing trade credit insurance are manufacturing, wholesale, and retail trade.

Statistic 24

43% of companies believe that trade credit insurance reduces the need for strict credit terms with customers.

Statistic 25

Trade credit insurers often provide additional services like debt collection and political risk coverage.

Statistic 26

Approximately 80% of companies that buy trade credit insurance report that it helped them improve their cash flow.

Statistic 27

Companies with export operations are twice as likely to purchase trade credit insurance compared to non-exporters.

Statistic 28

Risk evaluation is a critical component of trade credit insurance, with about 70% of policies including credit risk assessment.

Statistic 29

52% of trade credit insurance clients stated that policy flexibility influenced their decision to purchase coverage.

Statistic 30

The most cited barriers to adopting trade credit insurance include high premium costs and lack of awareness, at around 40%.

Statistic 31

Trade credit insurance policies often include political risk coverage, protecting against government actions like expropriation or currency restrictions, in about 30% of policies.

Statistic 32

63% of exporters believe that trade credit insurance significantly reduces their financial risk.

Statistic 33

The primary benefit for companies using trade credit insurance is risk mitigation, cited by 85% of users.

Statistic 34

Small businesses are estimated to account for about 35% of trade credit insurance policies globally.

Statistic 35

The penetration rate of trade credit insurance in export markets is approximately 20%.

Statistic 36

Around 60% of trade credit insurers use advanced data analytics for credit risk assessment.

Statistic 37

The largest user of trade credit insurance in 2022 was the manufacturing sector, representing about 50% of policies.

Statistic 38

The primary reason companies purchase trade credit insurance is to secure financing and credit terms from banks.

Statistic 39

80% of multinational companies consider trade credit insurance as essential for international trade expansion.

Statistic 40

Companies that hold trade credit insurance are 2.3 times more likely to expand into new markets.

Statistic 41

Use of trade credit insurance is higher among exporters who generate over $10 million in annual revenue.

Statistic 42

Approximately 70% of trade credit insurers incorporate ESG factors into their risk assessment models.

Statistic 43

Advances in AI have enabled trade credit insurers to automate 40% of their credit evaluation processes.

Statistic 44

The penetration rate of trade credit insurance in the manufacturing sector is approximately 25%.

Statistic 45

Trade credit insurance is often bundled with political risk and export credit agency (ECA) coverages.

Statistic 46

Companies that leverage trade credit insurance are 1.8 times more likely to take on higher-risk clients, boosting revenue potential.

Statistic 47

78% of companies report that trade credit insurance has helped them establish more favorable credit terms with customers.

Statistic 48

The average retention rate for trade credit insurers is about 70%, indicating high customer loyalty.

Statistic 49

The use of blockchain technology is starting to be adopted in trade credit insurance for transparency and fraud prevention.

Statistic 50

The level of corporate awareness about trade credit insurance remains below 50%, indicating significant growth potential.

Statistic 51

Countries with higher levels of export dependency are more likely to utilize trade credit insurance.

Statistic 52

The adoption of digital platforms for trade credit insurance has increased premiums collection efficiency by approximately 35%.

Statistic 53

Approximately 50% of trade credit insurance policies are purchased by companies with international supply chains.

Statistic 54

The use of artificial intelligence in trade credit scoring has increased accuracy rates by approximately 15%.

Statistic 55

Leading insurers are investing heavily in data analytics and AI to improve risk assessment models for trade credit insurance.

Statistic 56

About 60% of trade credit policies are now issued digitally, reflecting a shift towards insurtech adoption.

Statistic 57

The main motivator for firms to buy trade credit insurance is to enhance access to credit and finance.

Statistic 58

A significant percentage of trade credit insurers (around 30%) have incorporated cyber risk coverage into their policy offerings.

Statistic 59

The penetration rate of trade credit insurance in the wholesale and retail sector has increased to around 30%.

Statistic 60

Companies engaged in cross-border trade are 2.4 times more likely to purchase trade credit insurance compared to domestic-only firms.

Statistic 61

Data privacy and cyber security concerns are top barriers preventing broader adoption of digital trade credit insurance platforms.

Statistic 62

Companies using trade credit insurance tend to have 20% lower bad debt expenses compared to those without coverage.

Statistic 63

In 2022, approximately 90% of trade credit insurance policies included some form of political or country risk coverage.

Statistic 64

65% of large companies leverage trade credit insurance to strengthen their export financing options.

Statistic 65

The penetration rate of trade credit insurance in the food manufacturing sector is approximately 20%.

Statistic 66

The global trade credit insurance market was valued at approximately $11.72 billion in 2022.

Statistic 67

Trade credit insurance claims related to geopolitical risks accounted for roughly 15% of total claims in 2022.

Statistic 68

The average daily trade volume insured through trade credit insurance programs exceeds $5 billion worldwide.

Statistic 69

The total number of active trade credit insurance policies globally is estimated to be over 200,000.

Statistic 70

The majority of trade credit insurance claims involve small to medium-sized enterprises, accounting for about 60% of total claims.

Statistic 71

The trade credit insurance market sees a high degree of consolidation, with the top five insurers controlling around 65% of the market share.

Statistic 72

The market share of the top ten trade credit insurers is expected to grow to nearly 70% by 2028.

Statistic 73

The average credit insurance claim payout increased by 8% in 2022 compared to 2021.

Statistic 74

Approximately 55% of trade credit insurance policies are renewed annually, reflecting customer retention trends.

Statistic 75

In 2022, emerging markets saw an increase of 12% in trade credit insurance policies issued over the previous year.

Statistic 76

The median duration of trade credit insurance policies is approximately 12 months.

Statistic 77

The global trade credit insurance market is expected to grow at a CAGR of about 4.7% from 2023-2028.

Statistic 78

About 65% of trade credit insurers report an increase in demand during economic downturns as companies seek to mitigate risk.

Statistic 79

The most common trade credit insurance claims involve insolvency of the buyer, accounting for approximately 50% of claims.

Statistic 80

The digitalization of trade credit insurance processes has increased premiums efficiency by 30%.

Statistic 81

The average claim settlement time in trade credit insurance is about 60 days.

Statistic 82

The use of trade credit insurance increased by 10% in developing countries during 2022, driven by increased global trade activity.

Statistic 83

The majority of trade credit insurance claims are settled within 45 to 60 days.

Statistic 84

The adoption of trade credit insurance in emerging economies is accelerating at an annual rate of approximately 7%.

Statistic 85

The use of trade credit insurance increased in the European Union by about 6% in 2022, reflecting rising trade activity.

Statistic 86

The top three challenges faced by trade credit insurers include economic volatility, political risks, and fraud reduction.

Statistic 87

The average length of payment defaults reported in trade credit insurance claims is around 90 days.

Statistic 88

The majority of claims in trade credit insurance are settled through direct negotiations, constituting about 60%.

Statistic 89

Approximately 85% of trade credit insurance policies include clauses for automatic renewal options.

Statistic 90

The primary driver for trade credit insurance growth in Africa is increased foreign direct investment (FDI).

Statistic 91

The global trade credit insurance market is expected to reach a compound annual growth rate of 4.7% by 2028.

Statistic 92

During economic crises, the demand for trade credit insurance tends to increase by 20-25%.

Statistic 93

Companies that purchased trade credit insurance reported, on average, a 12% reduction in overdue receivables.

Statistic 94

The total number of claims filed in the trade credit insurance sector has increased by 5% annually over the past three years.

Statistic 95

The global trade credit insurance market's growth is partly fueled by increasing exports from emerging markets like Vietnam and Mexico.

Statistic 96

The insurance industry projects a 6% annual increase in trade credit policy sales through online platforms by 2025.

Statistic 97

The share of policies covering political risk has increased progressively, reaching about 35% of all trade credit policies in 2023.

Statistic 98

The average insured turnover per policy has increased by 5% annually since 2020.

Statistic 99

The use of predictive analytics in trade credit risk assessment is projected to grow at a CAGR of 8% through 2028.

Statistic 100

The rise of trade credit insurance can be linked to increased supply chain complexities and global shortages.

Statistic 101

The average duration of trade credit in international transactions is approximately 60 to 90 days.

Statistic 102

The percentage of claims related to fraud in trade credit insurance is around 10%, highlighting ongoing risks.

Statistic 103

The adoption of blockchain technology in trade credit insurance is expected to increase operational efficiency by approximately 25% by 2025.

Statistic 104

Cyberattacks targeting trade credit insurers increased by 22% in 2022, prompting heightened security measures.

Statistic 105

Trade credit insurance is increasingly being integrated with supply chain financing platforms for better risk management.

Statistic 106

The global trade credit insurance market is projected to grow at a CAGR of 4.7% from 2023 to 2028.

Statistic 107

Europe held the largest share of the trade credit insurance market in 2022, accounting for around 45%.

Statistic 108

North America accounted for about 28% of the trade credit insurance market in 2022.

Statistic 109

The Asia-Pacific region is projected to witness the highest Compound Annual Growth Rate (CAGR) of approximately 6.2% from 2023 to 2028.

Statistic 110

Asia-Pacific trade credit insurance growth is driven mainly by increased export activity and economic development in China and India.

Statistic 111

The top five countries for trade credit insurance claims are the United States, China, Germany, India, and Brazil.

Statistic 112

The primary geographic markets for trade credit insurance are North America, Europe, Asia-Pacific, and Latin America.

Statistic 113

The average policy size is larger in Europe, with mean coverage around $2 million, compared to $500,000 in Asia-Pacific.

Statistic 114

The Asia-Pacific region has seen a 15% year-over-year increase in new trade credit policies issued.

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Key Highlights

  • The global trade credit insurance market was valued at approximately $11.72 billion in 2022.
  • Europe held the largest share of the trade credit insurance market in 2022, accounting for around 45%.
  • North America accounted for about 28% of the trade credit insurance market in 2022.
  • The Asia-Pacific region is projected to witness the highest Compound Annual Growth Rate (CAGR) of approximately 6.2% from 2023 to 2028.
  • Approximately 75% of companies reported that trade credit insurance helped them recover unpaid debts.
  • Small and medium-sized enterprises (SMEs) utilize trade credit insurance at a rate of about 60% higher than large corporations.
  • The average credit insurance claim payout increased by 8% in 2022 compared to 2021.
  • The risk of non-payment in international trade is estimated to be around 4-5% annually.
  • About 68% of exporters consider trade credit insurance as a critical component of their export risk management strategy.
  • The loss ratio for trade credit insurers was approximately 45% in 2022, indicating the proportion of premiums paid out in claims.
  • Approximately 55% of trade credit insurance policies are renewed annually, reflecting customer retention trends.
  • The size of the average trade credit insurance policy ranges between $100,000 and $5 million.
  • Asia-Pacific trade credit insurance growth is driven mainly by increased export activity and economic development in China and India.

In a world where over $11.7 billion was invested in trade credit insurance in 2022 alone, businesses worldwide are increasingly relying on this financial shield to navigate the complexities of international trade, mitigate risk, and unlock new growth opportunities.

Financial Aspects and Premiums

  • The risk of non-payment in international trade is estimated to be around 4-5% annually.
  • The loss ratio for trade credit insurers was approximately 45% in 2022, indicating the proportion of premiums paid out in claims.
  • The size of the average trade credit insurance policy ranges between $100,000 and $5 million.
  • The average premium rate for trade credit insurance coverage ranges from 0.2% to 1.5% of the insured turnover.
  • Trade credit insurance premiums collected globally reached approximately $13 billion in 2022.
  • The insurance industry views trade credit insurance as a low-risk sector with a loss ratio below 50% consistently over the past five years.
  • In 2022, the average premium per policy was approximately $25,000.
  • Trade credit insurance premiums are generally tax-deductible in many jurisdictions, reducing the net cost for companies.
  • The global trade credit insurance premium volume is forecasted to reach $16 billion by 2028.
  • The insurance industry’s loss ratio for trade credit insurance has remained below 50% since 2018.
  • The global economic impact of trade credit insurance is estimated to prevent potential losses of over $100 billion annually.
  • The average premium revenue per insurer in the trade credit segment increased by 10% in 2022.
  • The role of government-backed export credit agencies in providing trade credit insurance can reduce insurer risk by up to 40%.
  • Total claims paid out by trade credit insurers globally have surpassed $5 billion annually since 2020.
  • The average premium for trade credit insurance in high-risk countries is approximately 1.2% of the insured turnover.
  • For every $1 in insured trade, companies report an average saving of $0.35 through risk mitigation.
  • The average claim payout in trade credit insurance is around $120,000.
  • The average premium for political risk coverage within trade credit insurance portfolios is about $75,000 per policy.
  • Companies that combine trade credit insurance with financial restructuring have seen a 15% improvement in liquidity.

Financial Aspects and Premiums Interpretation

Trade credit insurance, shielding global trade with an 4-5% annual risk of non-payment, not only accounts for $13 billion in premiums—close to double the claims paid since 2020—but also proves to be a low-risk, tax-efficient safeguard that, when combined with financial restructuring, can boost liquidity by 15%, collectively preventing over $100 billion in potential losses each year.

Industry Adoption and Penetration

  • Approximately 75% of companies reported that trade credit insurance helped them recover unpaid debts.
  • Small and medium-sized enterprises (SMEs) utilize trade credit insurance at a rate of about 60% higher than large corporations.
  • About 68% of exporters consider trade credit insurance as a critical component of their export risk management strategy.
  • The primary sectors utilizing trade credit insurance are manufacturing, wholesale, and retail trade.
  • 43% of companies believe that trade credit insurance reduces the need for strict credit terms with customers.
  • Trade credit insurers often provide additional services like debt collection and political risk coverage.
  • Approximately 80% of companies that buy trade credit insurance report that it helped them improve their cash flow.
  • Companies with export operations are twice as likely to purchase trade credit insurance compared to non-exporters.
  • Risk evaluation is a critical component of trade credit insurance, with about 70% of policies including credit risk assessment.
  • 52% of trade credit insurance clients stated that policy flexibility influenced their decision to purchase coverage.
  • The most cited barriers to adopting trade credit insurance include high premium costs and lack of awareness, at around 40%.
  • Trade credit insurance policies often include political risk coverage, protecting against government actions like expropriation or currency restrictions, in about 30% of policies.
  • 63% of exporters believe that trade credit insurance significantly reduces their financial risk.
  • The primary benefit for companies using trade credit insurance is risk mitigation, cited by 85% of users.
  • Small businesses are estimated to account for about 35% of trade credit insurance policies globally.
  • The penetration rate of trade credit insurance in export markets is approximately 20%.
  • Around 60% of trade credit insurers use advanced data analytics for credit risk assessment.
  • The largest user of trade credit insurance in 2022 was the manufacturing sector, representing about 50% of policies.
  • The primary reason companies purchase trade credit insurance is to secure financing and credit terms from banks.
  • 80% of multinational companies consider trade credit insurance as essential for international trade expansion.
  • Companies that hold trade credit insurance are 2.3 times more likely to expand into new markets.
  • Use of trade credit insurance is higher among exporters who generate over $10 million in annual revenue.
  • Approximately 70% of trade credit insurers incorporate ESG factors into their risk assessment models.
  • Advances in AI have enabled trade credit insurers to automate 40% of their credit evaluation processes.
  • The penetration rate of trade credit insurance in the manufacturing sector is approximately 25%.
  • Trade credit insurance is often bundled with political risk and export credit agency (ECA) coverages.
  • Companies that leverage trade credit insurance are 1.8 times more likely to take on higher-risk clients, boosting revenue potential.
  • 78% of companies report that trade credit insurance has helped them establish more favorable credit terms with customers.
  • The average retention rate for trade credit insurers is about 70%, indicating high customer loyalty.
  • The use of blockchain technology is starting to be adopted in trade credit insurance for transparency and fraud prevention.
  • The level of corporate awareness about trade credit insurance remains below 50%, indicating significant growth potential.
  • Countries with higher levels of export dependency are more likely to utilize trade credit insurance.
  • The adoption of digital platforms for trade credit insurance has increased premiums collection efficiency by approximately 35%.
  • Approximately 50% of trade credit insurance policies are purchased by companies with international supply chains.
  • The use of artificial intelligence in trade credit scoring has increased accuracy rates by approximately 15%.
  • Leading insurers are investing heavily in data analytics and AI to improve risk assessment models for trade credit insurance.
  • About 60% of trade credit policies are now issued digitally, reflecting a shift towards insurtech adoption.
  • The main motivator for firms to buy trade credit insurance is to enhance access to credit and finance.
  • A significant percentage of trade credit insurers (around 30%) have incorporated cyber risk coverage into their policy offerings.
  • The penetration rate of trade credit insurance in the wholesale and retail sector has increased to around 30%.
  • Companies engaged in cross-border trade are 2.4 times more likely to purchase trade credit insurance compared to domestic-only firms.
  • Data privacy and cyber security concerns are top barriers preventing broader adoption of digital trade credit insurance platforms.
  • Companies using trade credit insurance tend to have 20% lower bad debt expenses compared to those without coverage.
  • In 2022, approximately 90% of trade credit insurance policies included some form of political or country risk coverage.
  • 65% of large companies leverage trade credit insurance to strengthen their export financing options.
  • The penetration rate of trade credit insurance in the food manufacturing sector is approximately 20%.

Industry Adoption and Penetration Interpretation

Despite widespread acknowledgment of its role in reducing financial risk and improving cash flow—especially among exporters, SMEs, and manufacturing sectors—trade credit insurance's growth remains hampered by high premiums and limited awareness, even as advancements like AI, digital platforms, and blockchain promise to bolster its strategic value in today's interconnected global economy.

Market Overview and Market Share

  • The global trade credit insurance market was valued at approximately $11.72 billion in 2022.
  • Trade credit insurance claims related to geopolitical risks accounted for roughly 15% of total claims in 2022.
  • The average daily trade volume insured through trade credit insurance programs exceeds $5 billion worldwide.
  • The total number of active trade credit insurance policies globally is estimated to be over 200,000.
  • The majority of trade credit insurance claims involve small to medium-sized enterprises, accounting for about 60% of total claims.

Market Overview and Market Share Interpretation

With a market valued at over $11.7 billion in 2022 and daily international trade exceeding $5 billion protected by over 200,000 policies—chiefly for small and medium enterprises—trade credit insurance acts as both a financial shield and a reminder that geopolitical risks, accounting for 15% of claims, remain an unpredictable factor in the global economic equation.

Market Share

  • The trade credit insurance market sees a high degree of consolidation, with the top five insurers controlling around 65% of the market share.
  • The market share of the top ten trade credit insurers is expected to grow to nearly 70% by 2028.

Market Share Interpretation

As the trade credit insurance industry consolidates into a handful of dominant players, it's clear that in the race to cover global risks, the top firms are not just pacing but poised to nearly monopolize the market by 2028.

Market Trends and Developments

  • The average credit insurance claim payout increased by 8% in 2022 compared to 2021.
  • Approximately 55% of trade credit insurance policies are renewed annually, reflecting customer retention trends.
  • In 2022, emerging markets saw an increase of 12% in trade credit insurance policies issued over the previous year.
  • The median duration of trade credit insurance policies is approximately 12 months.
  • The global trade credit insurance market is expected to grow at a CAGR of about 4.7% from 2023-2028.
  • About 65% of trade credit insurers report an increase in demand during economic downturns as companies seek to mitigate risk.
  • The most common trade credit insurance claims involve insolvency of the buyer, accounting for approximately 50% of claims.
  • The digitalization of trade credit insurance processes has increased premiums efficiency by 30%.
  • The average claim settlement time in trade credit insurance is about 60 days.
  • The use of trade credit insurance increased by 10% in developing countries during 2022, driven by increased global trade activity.
  • The majority of trade credit insurance claims are settled within 45 to 60 days.
  • The adoption of trade credit insurance in emerging economies is accelerating at an annual rate of approximately 7%.
  • The use of trade credit insurance increased in the European Union by about 6% in 2022, reflecting rising trade activity.
  • The top three challenges faced by trade credit insurers include economic volatility, political risks, and fraud reduction.
  • The average length of payment defaults reported in trade credit insurance claims is around 90 days.
  • The majority of claims in trade credit insurance are settled through direct negotiations, constituting about 60%.
  • Approximately 85% of trade credit insurance policies include clauses for automatic renewal options.
  • The primary driver for trade credit insurance growth in Africa is increased foreign direct investment (FDI).
  • The global trade credit insurance market is expected to reach a compound annual growth rate of 4.7% by 2028.
  • During economic crises, the demand for trade credit insurance tends to increase by 20-25%.
  • Companies that purchased trade credit insurance reported, on average, a 12% reduction in overdue receivables.
  • The total number of claims filed in the trade credit insurance sector has increased by 5% annually over the past three years.
  • The global trade credit insurance market's growth is partly fueled by increasing exports from emerging markets like Vietnam and Mexico.
  • The insurance industry projects a 6% annual increase in trade credit policy sales through online platforms by 2025.
  • The share of policies covering political risk has increased progressively, reaching about 35% of all trade credit policies in 2023.
  • The average insured turnover per policy has increased by 5% annually since 2020.
  • The use of predictive analytics in trade credit risk assessment is projected to grow at a CAGR of 8% through 2028.
  • The rise of trade credit insurance can be linked to increased supply chain complexities and global shortages.
  • The average duration of trade credit in international transactions is approximately 60 to 90 days.
  • The percentage of claims related to fraud in trade credit insurance is around 10%, highlighting ongoing risks.
  • The adoption of blockchain technology in trade credit insurance is expected to increase operational efficiency by approximately 25% by 2025.
  • Cyberattacks targeting trade credit insurers increased by 22% in 2022, prompting heightened security measures.
  • Trade credit insurance is increasingly being integrated with supply chain financing platforms for better risk management.
  • The global trade credit insurance market is projected to grow at a CAGR of 4.7% from 2023 to 2028.

Market Trends and Developments Interpretation

As trade markets expand and digital innovations streamline risk management, the modest 4.7% CAGR masks a 12% surge in emerging markets and a steady 8% uptick in claim payouts, revealing that while companies increasingly shield themselves from insolvency and political risks, the real challenge lies in balancing growth with vigilance against fraud and cyber threats—an intricate dance where renewal rates, policy durations, and innovative solutions like blockchain play supporting roles in a resilient yet ever-evolving global trade landscape.

Regional Market Analysis

  • Europe held the largest share of the trade credit insurance market in 2022, accounting for around 45%.
  • North America accounted for about 28% of the trade credit insurance market in 2022.
  • The Asia-Pacific region is projected to witness the highest Compound Annual Growth Rate (CAGR) of approximately 6.2% from 2023 to 2028.
  • Asia-Pacific trade credit insurance growth is driven mainly by increased export activity and economic development in China and India.
  • The top five countries for trade credit insurance claims are the United States, China, Germany, India, and Brazil.
  • The primary geographic markets for trade credit insurance are North America, Europe, Asia-Pacific, and Latin America.
  • The average policy size is larger in Europe, with mean coverage around $2 million, compared to $500,000 in Asia-Pacific.
  • The Asia-Pacific region has seen a 15% year-over-year increase in new trade credit policies issued.

Regional Market Analysis Interpretation

As Europe dominantly wields nearly half the trade credit insurance market, North America holds a substantial share, yet Asia-Pacific’s rapid 6.2% CAGR driven by China and India signals that the global shield against trade risks is increasingly expanding eastward—highlighted further by rising issuance and larger policies in Europe, while claims remain fiercely competitive among the world's economic giants.

Sources & References