APAC Trade Credit Insurance Market Report Size Share Growth Drivers Trends Opportunities & Forecast 2025–2030

APAC trade credit insurance market grows with insolvency risks, cross-border trade, and SME demand, reaching $3 Bn.

Region:Asia

Author(s):Geetanshi

Product Code:KRAE0686

Pages:80

Published On:December 2025

About the Report

Base Year 2024

APAC Trade Credit Insurance Market Overview

  • The APAC Trade Credit Insurance Market is valued at USD 3 billion, based on a five-year historical analysis. This growth is primarily driven by increasing insolvency risks and the rising volume of cross-border trade, prompting businesses to secure their receivables through trade credit insurance. The heightened awareness of payment delays and defaults among small and medium enterprises (SMEs) further supports market momentum as firms seek to safeguard working capital and manage credit exposure effectively.
  • Key markets in the APAC region include China, India, South Korea, and Singapore. These countries dominate the market due to their robust export manufacturing capabilities, significant intra-regional trade, and initiatives such as China's Belt and Road Initiative, which enhance insurance demand across supply chains. The growing economic interdependence in the region also contributes to the increasing need for trade credit insurance.
  • In 2024, the Asian Development Bank announced a strategic initiative to enhance trade finance access for SMEs by partnering with global insurers to provide up to USD 1 billion in co-financing. This initiative aims to enable banks to leverage insured receivables as secure collateral, thereby improving the availability of trade finance for SMEs across the Asia-Pacific region.
APAC Trade Credit Insurance Market Size

APAC Trade Credit Insurance Market Segmentation

By Type:The market is segmented into various types of trade credit insurance, including Single Buyer Insurance, Whole Turnover Insurance, Excess of Loss Insurance, and Others. Among these, Whole Turnover Insurance is the most dominant segment, as it provides comprehensive coverage for all sales made by a business, making it particularly attractive for companies with high sales volumes. This type of insurance allows businesses to manage their credit risk more effectively, especially in volatile markets.

APAC Trade Credit Insurance Market segmentation by Type.

By End-User:The end-user segmentation includes Manufacturing, Retail, Services, and Others. The Manufacturing sector is the leading end-user of trade credit insurance, driven by the need to protect against payment defaults in a highly competitive and often unpredictable market. Manufacturers often engage in large transactions, making them particularly vulnerable to credit risks, thus increasing their reliance on trade credit insurance.

APAC Trade Credit Insurance Market segmentation by End-User.

APAC Trade Credit Insurance Market Competitive Landscape

The APAC Trade Credit Insurance Market is characterized by a dynamic mix of regional and international players. Leading participants such as Euler Hermes, Coface, Atradius, Zurich Insurance Group, Chubb Limited, AIG, QBE Insurance Group, Tokio Marine Holdings, Berkshire Hathaway, Allianz Trade, Credendo Group, Liberty Mutual, AXA, Sompo International, and HDI Global contribute to innovation, geographic expansion, and service delivery in this space.

Euler Hermes

1917

Paris, France

Coface

1946

Paris, France

Atradius

1925

Amsterdam, Netherlands

Zurich Insurance Group

1872

Zurich, Switzerland

Chubb Limited

1882

Warren, New Jersey, USA

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Premium Growth Rate

Customer Retention Rate

Claims Settlement Ratio

Pricing Strategy

Market Penetration Rate

APAC Trade Credit Insurance Market Industry Analysis

Growth Drivers

  • Increasing Globalization of Trade:The APAC region has seen a significant increase in trade volume, reaching approximately $8 trillion in the future, driven by the integration of emerging markets into global supply chains. This trend is expected to continue, with the World Bank projecting a 5% annual increase in trade activities. As businesses expand internationally, the demand for trade credit insurance rises, providing protection against non-payment risks and fostering confidence in cross-border transactions.
  • Rising Demand for Credit Risk Management:With the APAC region's GDP growth projected at 4.5% in the future, businesses are increasingly focused on managing credit risks associated with trade. The total value of outstanding trade credit insurance in the region was estimated at $1.2 trillion in the future. Companies are recognizing the importance of safeguarding their receivables, leading to a surge in demand for tailored credit risk management solutions, which enhances the overall stability of trade operations.
  • Expansion of SMEs in the APAC Region:Small and medium-sized enterprises (SMEs) constitute over 97% of all businesses in the APAC region, contributing approximately $3 trillion to the economy. As SMEs increasingly engage in international trade, their need for trade credit insurance becomes critical. Government initiatives aimed at supporting SMEs, such as the $500 million fund announced in the future for trade financing, further stimulate the demand for credit insurance products tailored to this sector.

Market Challenges

  • Economic Volatility in the Region:The APAC region faces economic uncertainties, with fluctuations in commodity prices and geopolitical tensions impacting trade dynamics. For instance, the IMF reported a projected slowdown in growth to 3.8% in the future for several key economies. This volatility can lead to increased default risks, making businesses hesitant to invest in trade credit insurance, thereby limiting market growth potential in the region.
  • Lack of Awareness Among Businesses:Despite the benefits of trade credit insurance, many businesses, particularly SMEs, remain unaware of its advantages. A survey conducted in the future indicated that only 30% of SMEs in the APAC region utilize trade credit insurance. This lack of awareness hinders market penetration and growth, as businesses may not fully understand how such products can mitigate risks associated with non-payment and enhance their financial stability.

APAC Trade Credit Insurance Market Future Outlook

The APAC trade credit insurance market is poised for significant evolution, driven by technological advancements and increasing cross-border trade activities. As businesses adopt digital solutions for underwriting and claims processing, efficiency and customer satisfaction are expected to improve. Additionally, the growing emphasis on sustainability will likely lead to the development of eco-friendly insurance products, aligning with global trends. These factors will create a more robust and responsive market, catering to the diverse needs of businesses in the region.

Market Opportunities

  • Digital Transformation in Insurance Services:The integration of digital technologies in trade credit insurance is a significant opportunity. By the future, it is anticipated that 60% of insurance transactions will be conducted online, enhancing accessibility and efficiency. This shift allows insurers to offer innovative products and services, catering to the evolving needs of businesses in the APAC region.
  • Development of Tailored Insurance Products:As businesses face unique challenges, the demand for customized trade credit insurance products is rising. Insurers can capitalize on this opportunity by developing solutions that address specific industry needs, such as sector-specific coverage or flexible payment terms. This approach can significantly enhance customer satisfaction and retention in a competitive market.

Scope of the Report

SegmentSub-Segments
By Type

Single Buyer Insurance

Whole Turnover Insurance

Excess of Loss Insurance

Others

By End-User

Manufacturing

Retail

Services

Others

By Industry

Construction

Agriculture

Technology

Others

By Coverage Type

Domestic Coverage

International Coverage

Multi-Currency Coverage

Others

By Distribution Channel

Direct Sales

Brokers

Online Platforms

Others

By Policy Duration

Short-term Policies

Medium-term Policies

Long-term Policies

Others

By Risk Assessment Methodology

Credit Scoring Models

Financial Statement Analysis

Industry Risk Assessment

Others

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Finance, Reserve Bank of India)

Insurance Companies and Underwriters

Exporters and Importers

Trade Associations and Chambers of Commerce

Financial Institutions and Banks

Risk Management Firms

Corporate Treasurers and Financial Managers

Players Mentioned in the Report:

Euler Hermes

Coface

Atradius

Zurich Insurance Group

Chubb Limited

AIG

QBE Insurance Group

Tokio Marine Holdings

Berkshire Hathaway

Allianz Trade

Credendo Group

Liberty Mutual

AXA

Sompo International

HDI Global

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. APAC Trade Credit Insurance Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 APAC Trade Credit Insurance Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. APAC Trade Credit Insurance Market Analysis

3.1 Growth Drivers

3.1.1 Increasing globalization of trade
3.1.2 Rising demand for credit risk management
3.1.3 Expansion of SMEs in the APAC region
3.1.4 Government support for trade financing

3.2 Market Challenges

3.2.1 Economic volatility in the region
3.2.2 Lack of awareness among businesses
3.2.3 Regulatory complexities
3.2.4 Competition from alternative financing options

3.3 Market Opportunities

3.3.1 Digital transformation in insurance services
3.3.2 Increasing cross-border trade
3.3.3 Development of tailored insurance products
3.3.4 Strategic partnerships with financial institutions

3.4 Market Trends

3.4.1 Adoption of technology in underwriting
3.4.2 Growth of online platforms for insurance services
3.4.3 Focus on sustainability in insurance practices
3.4.4 Enhanced customer experience through data analytics

3.5 Government Regulation

3.5.1 Trade facilitation policies
3.5.2 Regulatory frameworks for insurance providers
3.5.3 Compliance requirements for cross-border transactions
3.5.4 Incentives for SMEs in trade financing

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. APAC Trade Credit Insurance Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. APAC Trade Credit Insurance Market Segmentation

8.1 By Type

8.1.1 Single Buyer Insurance
8.1.2 Whole Turnover Insurance
8.1.3 Excess of Loss Insurance
8.1.4 Others

8.2 By End-User

8.2.1 Manufacturing
8.2.2 Retail
8.2.3 Services
8.2.4 Others

8.3 By Industry

8.3.1 Construction
8.3.2 Agriculture
8.3.3 Technology
8.3.4 Others

8.4 By Coverage Type

8.4.1 Domestic Coverage
8.4.2 International Coverage
8.4.3 Multi-Currency Coverage
8.4.4 Others

8.5 By Distribution Channel

8.5.1 Direct Sales
8.5.2 Brokers
8.5.3 Online Platforms
8.5.4 Others

8.6 By Policy Duration

8.6.1 Short-term Policies
8.6.2 Medium-term Policies
8.6.3 Long-term Policies
8.6.4 Others

8.7 By Risk Assessment Methodology

8.7.1 Credit Scoring Models
8.7.2 Financial Statement Analysis
8.7.3 Industry Risk Assessment
8.7.4 Others

9. APAC Trade Credit Insurance Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Premium Growth Rate
9.2.4 Customer Retention Rate
9.2.5 Claims Settlement Ratio
9.2.6 Pricing Strategy
9.2.7 Market Penetration Rate
9.2.8 Underwriting Profit Margin
9.2.9 Customer Satisfaction Score
9.2.10 Distribution Channel Efficiency

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Euler Hermes
9.5.2 Coface
9.5.3 Atradius
9.5.4 Zurich Insurance Group
9.5.5 Chubb Limited
9.5.6 AIG
9.5.7 QBE Insurance Group
9.5.8 Tokio Marine Holdings
9.5.9 Berkshire Hathaway
9.5.10 Allianz Trade
9.5.11 Credendo Group
9.5.12 Liberty Mutual
9.5.13 AXA
9.5.14 Sompo International
9.5.15 HDI Global

10. APAC Trade Credit Insurance Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation Trends
10.1.2 Decision-Making Processes
10.1.3 Preferred Insurance Providers
10.1.4 Compliance Requirements

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment Trends
10.2.2 Risk Management Strategies
10.2.3 Insurance Coverage Preferences
10.2.4 Budget Forecasts

10.3 Pain Point Analysis by End-User Category

10.3.1 Credit Risk Concerns
10.3.2 Access to Financing
10.3.3 Regulatory Compliance Issues
10.3.4 Market Volatility

10.4 User Readiness for Adoption

10.4.1 Awareness Levels
10.4.2 Training Needs
10.4.3 Technology Adoption Rates
10.4.4 Feedback Mechanisms

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Performance Metrics
10.5.2 Case Studies
10.5.3 User Satisfaction Levels
10.5.4 Future Investment Plans

11. APAC Trade Credit Insurance Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Development


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Efforts

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging Options

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of trade credit insurance reports from industry associations across APAC
  • Review of financial statements and annual reports from leading insurance providers
  • Examination of regulatory frameworks and policy documents from APAC governments

Primary Research

  • Interviews with risk management executives at major corporations utilizing trade credit insurance
  • Surveys with brokers and agents specializing in trade credit insurance solutions
  • Focus groups with SMEs to understand their insurance needs and challenges

Validation & Triangulation

  • Cross-validation of findings through multiple data sources including market reports and expert opinions
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks through expert panel discussions to ensure data reliability

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total trade volume across APAC countries to gauge insurance uptake
  • Segmentation of market size by industry verticals such as manufacturing, retail, and services
  • Incorporation of macroeconomic indicators such as GDP growth and export-import trends

Bottom-up Modeling

  • Collection of premium data from leading trade credit insurance providers
  • Analysis of claims data to understand loss ratios and risk exposure
  • Estimation of market penetration rates among SMEs and large enterprises

Forecasting & Scenario Analysis

  • Development of predictive models based on historical growth rates and market dynamics
  • Scenario analysis considering economic fluctuations and regulatory changes impacting trade
  • Creation of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Manufacturing Sector Trade Credit Insurance150Risk Managers, CFOs
Retail Industry Insurance Needs100Insurance Brokers, Retail Operations Managers
SME Trade Credit Insurance Adoption80Business Owners, Financial Advisors
Export-Import Trade Insurance Insights120Trade Compliance Officers, Logistics Managers
Financial Services Sector Perspectives90Underwriters, Risk Assessment Analysts

Frequently Asked Questions

What is the current value of the APAC Trade Credit Insurance Market?

The APAC Trade Credit Insurance Market is valued at approximately USD 3 billion, driven by increasing insolvency risks and the rising volume of cross-border trade, which encourages businesses to secure their receivables through trade credit insurance.

Which countries are key players in the APAC Trade Credit Insurance Market?

What are the main types of trade credit insurance available in the APAC market?

How does the APAC Trade Credit Insurance Market support SMEs?

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