PUBLISHER: Grand View Research | PRODUCT CODE: 1908184
PUBLISHER: Grand View Research | PRODUCT CODE: 1908184
The global trade credit insurance market size was estimated at USD 12.99 billion in 2025 and is projected to reach USD 31.01 billion by 2033, growing at a CAGR of 11.3% from 2026 to 2033. The growth of the trade credit insurance market can be attributed to the growing expansion of trade across several locations, leading to the demand for trade credit insurance to reduce the risk of non-payment from foreign buyers.
Furthermore, increased uncertainty and protectionism in global trade are expected to drive the demand for Trade Credit Insurance (TCI). In addition, the data provided by the insurers to their insured companies about the businesses they want to work with can help them identify the difficulty in payments, and hence, insured companies can run their business with greater confidence.
The introduction of digital software to streamline banking and insurance services and the use of data analytics and blockchain in trade finance is expected to drive market growth. Moreover, the market players are expanding trade credit solutions for digital platforms to gain a competitive advantage over their rivals. For instance, in September 2023, Coface announced the launch of its new Application Programming Interfaces (API) portal, which is designed for financial directors and credit managers. Coface's API Portal presently offers 26 API products in trade credit insurance of Business Information and provides access to Coface's services and data on more than 188 million companies. Such innovative solutions are harnessing the market's growth.
Artificial intelligence, machine learning, and the Internet of Things have significantly shaped the trade credit insurance sector. According to Gallagher Re, a global reinsurance broking and advisory firm, 1,528 international investors participated in 521 Insurtech deals, raising a total of USD 7.9 billion in 2022. The U.S. topped the list with 238 deals, followed by the UK with 35 deals, France with 27, and India with 26 deals. Investments in trade credit technology have been increasing in recent years as businesses and insurers seek to leverage technology to streamline processes and reduce risk, which bodes well for the market's growth.
Trade credit insurance is insurance intended to protect businesses from economic and political risks that could affect their financial situation. Furthermore, the benefits of trade credit insurance policy, including protection of accounts receivable from loss caused by bankruptcy, insolvency, or credit risks, such as extended default, are driving the adoption of trade credit insurance worldwide. In addition, the rising strategic initiatives, such as partnerships, collaborations, and acquisitions, among market players are also expected to fuel the market's growth. Moreover, the rise of digital technology enables insurers to offer more efficient and cost-effective services, making trade credit insurance more accessible and affordable to businesses.
Global Trade Credit Insurance Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the trade credit insurance market based on enterprise size, coverage, application, end use, and region: