Finaccord’s research about trade credit insurance in major global markets, composed of an overview study covering all ten territories plus ten individual market-specific reports, is about the market for this form of cover in Australia, Brazil, Canada, China, India, Japan, the Middle East (defined as the GCC countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE), Russia, South Africa and the US.
Valued at over USD 3.5 billion in gross written premiums in 2013, this market is growing to one degree or another in all ten territories. In addition to documenting the development of the market value from 2009 to 2013, the reports also divide it for the most recent year between four key segments: between small companies with an annual turnover of less than USD 5 million and larger companies with a turnover above this threshold; between single-risk and annual policies; between export and domestic trade credit insurance; and between protection acquired for political risks and cover bought for business risks.
These unique market splits are based in part on a survey of over 150 leading brokers of trade credit insurance across the ten markets. In each territory, this same survey also identifies the underwriters of this type of cover used by brokers on a regular basis, gives an input into Finaccord's estimates for the market shares of underwriters of trade credit insurance, provides a basis for commentary surrounding distribution channels used for this type of policy, helps to identify the brokers with the highest distribution share and informs Finaccord's forecasts for the market value through to 2017.