Trade credit insurance in the U.S. continues on a rapid growth curve as credit executives embrace is use to reduce risks associated with domestic, export and international sales. Europe continues to register the highest market penetration of trade credit coverage overall with use and demand rising quickly in Asia and the Middle East as well.
Since 2010, the use of credit insurance has grown exponentially while the use of less-efficient credit methods, specifically letters of credit continue to diminish. The trade credit insurance market in North America has been estimated in the $700+ million range in annual premiums