The Latin America, Middle East and Africa Trade Credit Insurance Market should witness market growth of 14.5% CAGR during the forecast period (2022-2028).
Export credit insurance (ECI) often covers business risks that could lead to non-payment, such as buyer insolvency, bankruptcy, or prolonged defaults/slow payment, as well as some political risks, like war, riots, terrorism, and revolution. ECI also covers expropriation, changes to import or export laws, and currency inconvertibility.
Short-term ECI, which offers 90 to 95 percent coverage against political and commercial risks which contribute to buyer payment defaults, usually includes (a) consumer goods, materials, and services up to 180 days, and (b) small capital goods, consumer durables, and bulk commodities up to 360 days.
Short-term ECI is provided either on a single-buyer model-based or on a portfolio multi-buyer model-based for short-term (up to one year) and medium-term (one to five years) repayment periods. Large capital equipment is often covered by medium-term ECI, which offers coverage of 85% of the net contract value for up to five years. ECI should be a proactive purchase on the part of exporters, who should get coverage before such a customer becomes a problem. The cost of ECI is frequently factored into the selling price by exporters.
Access to trade credit is much more difficult for SMEs in underdeveloped nations. One-third of the market for trade finance in Africa is thought to be unsatisfied, with unmet demand in emerging Asia estimated to be worth US$ 700 billion. Many thousands of people and small enterprises worldwide would be able to trade more freely if these provisional gaps were closed.
The Brazil market dominated the LAMEA Trade Credit Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $292.6 million by 2028. The Argentina market is experiencing a CAGR of 15.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 14.1% during (2022-2028).
Based on Coverage, the market is segmented into Whole Turnover and Single Buyer. Based on Application, the market is segmented into International and Domestic. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Food & Beverage, Healthcare, Automotive, Energy, IT & Telecom and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allianz Trade(Allianz Group), Atradius N.V., Coface SA, American International Group, Inc., Zurich Insurance Group Ltd., Chubb Limited, QBE Insurance Group Limited, Great American Insurance Company, and AON Plc.
Export credit insurance (ECI) often covers business risks that could lead to non-payment, such as buyer insolvency, bankruptcy, or prolonged defaults/slow payment, as well as some political risks, like war, riots, terrorism, and revolution. ECI also covers expropriation, changes to import or export laws, and currency inconvertibility.
Short-term ECI, which offers 90 to 95 percent coverage against political and commercial risks which contribute to buyer payment defaults, usually includes (a) consumer goods, materials, and services up to 180 days, and (b) small capital goods, consumer durables, and bulk commodities up to 360 days.
Short-term ECI is provided either on a single-buyer model-based or on a portfolio multi-buyer model-based for short-term (up to one year) and medium-term (one to five years) repayment periods. Large capital equipment is often covered by medium-term ECI, which offers coverage of 85% of the net contract value for up to five years. ECI should be a proactive purchase on the part of exporters, who should get coverage before such a customer becomes a problem. The cost of ECI is frequently factored into the selling price by exporters.
Access to trade credit is much more difficult for SMEs in underdeveloped nations. One-third of the market for trade finance in Africa is thought to be unsatisfied, with unmet demand in emerging Asia estimated to be worth US$ 700 billion. Many thousands of people and small enterprises worldwide would be able to trade more freely if these provisional gaps were closed.
The Brazil market dominated the LAMEA Trade Credit Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $292.6 million by 2028. The Argentina market is experiencing a CAGR of 15.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 14.1% during (2022-2028).
Based on Coverage, the market is segmented into Whole Turnover and Single Buyer. Based on Application, the market is segmented into International and Domestic. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Food & Beverage, Healthcare, Automotive, Energy, IT & Telecom and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allianz Trade(Allianz Group), Atradius N.V., Coface SA, American International Group, Inc., Zurich Insurance Group Ltd., Chubb Limited, QBE Insurance Group Limited, Great American Insurance Company, and AON Plc.
Scope of the Study
By Coverage
- Whole Turnover
- Single Buyer
By Application
- International
- Domestic
By Organization Size
- Large Enterprises
- SMEs
By Vertical
- Food & Beverage
- Healthcare
- Automotive
- Energy
- IT & Telecom
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Allianz Trade(Allianz Group)
- Atradius N.V.
- Coface SA
- American International Group, Inc.
- Zurich Insurance Group Ltd.
- Chubb Limited
- QBE Insurance Group Limited
- Great American Insurance Company
- AON Plc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Trade Credit Insurance Market, by Coverage
1.4.2 LAMEA Trade Credit Insurance Market, by Application
1.4.3 LAMEA Trade Credit Insurance Market, by Organization Size
1.4.4 LAMEA Trade Credit Insurance Market, by Vertical
1.4.5 LAMEA Trade Credit Insurance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships: 2019, Jan - 2022, Nov) Leading Players
Chapter 4. LAMEA Trade Credit Insurance Market by Coverage
4.1 LAMEA Whole Turnover Market by Country
4.2 LAMEA Single Buyer Market by Country
Chapter 5. LAMEA Trade Credit Insurance Market by Application
5.1 LAMEA International Market by Country
5.2 LAMEA Domestic Market by Country
Chapter 6. LAMEA Trade Credit Insurance Market by Organization Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA SMEs Market by Country
Chapter 7. LAMEA Trade Credit Insurance Market by Vertical
7.1 LAMEA Food & Beverage Market by Country
7.2 LAMEA Healthcare Market by Country
7.3 LAMEA Automotive Market by Country
7.4 LAMEA Energy Market by Country
7.5 LAMEA IT & Telecom Market by Country
7.6 LAMEA Others Market by Country
Chapter 8. LAMEA Trade Credit Insurance Market by Country
8.1 Brazil Trade Credit Insurance Market
8.1.1 Brazil Trade Credit Insurance Market by Coverage
8.1.2 Brazil Trade Credit Insurance Market by Application
8.1.3 Brazil Trade Credit Insurance Market by Organization Size
8.1.4 Brazil Trade Credit Insurance Market by Vertical
8.2 Argentina Trade Credit Insurance Market
8.2.1 Argentina Trade Credit Insurance Market by Coverage
8.2.2 Argentina Trade Credit Insurance Market by Application
8.2.3 Argentina Trade Credit Insurance Market by Organization Size
8.2.4 Argentina Trade Credit Insurance Market by Vertical
8.3 UAE Trade Credit Insurance Market
8.3.1 UAE Trade Credit Insurance Market by Coverage
8.3.2 UAE Trade Credit Insurance Market by Application
8.3.3 UAE Trade Credit Insurance Market by Organization Size
8.3.4 UAE Trade Credit Insurance Market by Vertical
8.4 Saudi Arabia Trade Credit Insurance Market
8.4.1 Saudi Arabia Trade Credit Insurance Market by Coverage
8.4.2 Saudi Arabia Trade Credit Insurance Market by Application
8.4.3 Saudi Arabia Trade Credit Insurance Market by Organization Size
8.4.4 Saudi Arabia Trade Credit Insurance Market by Vertical
8.5 South Africa Trade Credit Insurance Market
8.5.1 South Africa Trade Credit Insurance Market by Coverage
8.5.2 South Africa Trade Credit Insurance Market by Application
8.5.3 South Africa Trade Credit Insurance Market by Organization Size
8.5.4 South Africa Trade Credit Insurance Market by Vertical
8.6 Nigeria Trade Credit Insurance Market
8.6.1 Nigeria Trade Credit Insurance Market by Coverage
8.6.2 Nigeria Trade Credit Insurance Market by Application
8.6.3 Nigeria Trade Credit Insurance Market by Organization Size
8.6.4 Nigeria Trade Credit Insurance Market by Vertical
8.7 Rest of LAMEA Trade Credit Insurance Market
8.7.1 Rest of LAMEA Trade Credit Insurance Market by Coverage
8.7.2 Rest of LAMEA Trade Credit Insurance Market by Application
8.7.3 Rest of LAMEA Trade Credit Insurance Market by Organization Size
8.7.4 Rest of LAMEA Trade Credit Insurance Market by Vertical
Chapter 9. Company Profiles
9.1 Allianz Trade (Allianz Group)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.5 SWOT Analysis
9.2 Zurich Insurance Group Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.5 SWOT Analysis
9.3 Chubb Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Recent strategies and developments:
9.3.3.1 Partnerships, Collaborations, and Agreements:
9.3.3.2 Product Launches and Product Expansions:
9.3.3.3 Acquisition and Mergers:
9.3.4 SWOT Analysis
9.4 Aon plc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.5 American International Group, Inc. (AIG)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 SWOT Analysis
9.6 Coface SA
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Acquisition and Mergers:
9.7 Atradius N.V. (Grupo Compania Espanola de Credito y Caucion SL) (Grupo Catalana Occidente S.A.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.8 Great American Insurance Company (American Financial Group)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Recent strategies and developments:
9.8.3.1 Partnerships, Collaborations, and Agreements:
9.9 QBE Insurance Group Limited (QBE Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
Companies Mentioned
- Allianz Trade(Allianz Group)
- Atradius N.V.
- Coface SA
- American International Group, Inc.
- Zurich Insurance Group Ltd.
- Chubb Limited
- QBE Insurance Group Limited
- Great American Insurance Company
- AON Plc
Methodology
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