Trade Credit Insurance Market Growth: Opportunities for Brokers in 2025 and Beyond
The global trade credit insurance market is projected to grow from approximately $12.21 billion in 2024 to $13.34 billion in 2025, reflecting a compound annual growth rate (CAGR) of about 9.3%. This growth is expected to continue robustly, reaching an estimated $19.25 billion by 2029 with a CAGR near 9.6%.
Drivers Behind Market Expansion
Rising Global Trade Volumes: The World Trade Organization forecasts a 3.0% increase in global merchandise trade volume in 2025, supporting greater demand for trade credit insurance.
Supply Chain Resilience Focus: Post-pandemic emphasis on supply chain stability encourages companies to secure receivables against disruptions.
Digitalization and Innovation: Emerging technologies like blockchain and parametric insurance solutions are enhancing risk assessment and policy offerings.
SME Market Growth: Small and medium enterprises increasingly seek trade credit insurance to access financing and manage credit risk.
What Brokers Should Consider
This expanding market presents opportunities for brokers to deepen client relationships by offering tailored products, leveraging digital tools, and educating businesses on evolving risks and coverage options.
