UK Trade Credit Insurance Market Size & Outlook, 2023-2030
UK trade credit insurance market, 2017-2030 (US$M)
Related Markets
UK trade credit insurance market highlights
- The UK trade credit insurance market generated a revenue of USD 596.9 million in 2023 and is expected to reach USD 1,258.7 million by 2030.
- The UK market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small and Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
Trade credit insurance market data book summary
| Market revenue in 2023 | USD 596.9 million |
| Market revenue in 2030 | USD 1,258.7 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small and Medium Enterprises |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, UK accounted for 5.6% of the global trade credit insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany trade credit insurance market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,258.7 million by 2030.
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Trade Credit Insurance Market Scope
Trade Credit Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK trade credit insurance market outlook
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 61.47% in 2023. Horizon Databook has segmented the UK trade credit insurance market based on large enterprises, small and medium enterprises covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the trade credit insurance market in the U.K. is majorly attributed to significant support from the government, particularly during the COVID-19 pandemic.
In June 2020, the government launched a 12.5 billion reinsurance scheme, an initiative designed to support businesses in the country by guaranteeing coverage for trade credit insurance policies. The scheme was implemented to provide reassurance to businesses during a time of economic uncertainty and encourage insurers to maintain or increase coverage.
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Target buyers of UK trade credit insurance market databook
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Our clientele includes a mix of trade credit insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK trade credit insurance market , including forecasts for subscribers. This country databook contains high-level insights into UK trade credit insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK trade credit insurance market size, by enterprise size, 2017-2030 (US$M)
UK Trade Credit Insurance Market Outlook Share, 2023 & 2030 (US$M)
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