Market revenue in 2023 | USD 918.6 million |
Market revenue in 2030 | USD 1,935.3 million |
Growth rate | 11.2% (CAGR from 2023 to 2030) |
Largest segment | Large enterprises |
Fastest growing segment | Small and Medium Enterprises |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Large Enterprises, Small and Medium Enterprises |
Key market players worldwide | Allianz SE, Coface SA, American International Group Inc, Zurich Insurance Group AG, Chubb Ltd, QBE Insurance Group Ltd, American Financial Group Inc, Aon PLC Class A |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to trade credit insurance market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 60.45% in 2023. Horizon Databook has segmented the Latin America trade credit insurance market based on large enterprises, small and medium enterprises covering the revenue growth of each sub-segment from 2017 to 2030.
Trade credit insurance is becoming important in Latin America, as businesses in the region face a range of economic and political risks that can impact their ability to collect payments from customers.
Although the adoption of trade credit insurance in Latin America is still relatively low compared to other regions, there are various trends such as increasing premiums of trade credit insurance that are driving the growth of the market.
According to the International Credit & Surety Association (ICISA), trade credit insurance premiums in Latin America increased from USD 152 million by the end of 2007 to approximately USD 415 million by the end of Q3 2021.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America trade credit insurance market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America trade credit insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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