Trade Credit Insurance in India

Apr, 2014   |   20  Pages   |   Finaccord Ltd   |   Format : PDF

Trade Credit Insurance in India is a report about the market for trade credit cover in India. In addition to documenting the development of the market value from 2009 to 2013, the report also divides it for the most recent year between four key segments: between small companies with an annual turnover of less than USD 5 million and larger companies with a turnover above this threshold; between single-risk and annual policies; between export and domestic trade credit insurance; and between protection acquired for political risks and cover bought for business risks.

0.0 EXECUTIVE SUMMARY ......1

1.0 INTRODUCTION ........3
What is this report about?.........3
Rationale...3
Several factors underpin the rationale for the production of this study......3
There are several distribution channel options in addition to brokers........3
Globally, trade credit insurers cover over USD 2 trillion of commercial credit exposures..........3
The report provides a standardised analysis of important metrics for trade credit insurance....4
Methodology........4
Research program......4
Market data analysis...5
Definitions .5
Trade credit insurance5
Single-risk and annual policies.........5
Export and domestic policies 5
Political and business risks....6
Premiums .........6
Abbreviations ...6
PartnerBASE.......6
Finaccord..7

2.0 MARKET ANALYSIS.8
Introduction..........8
Market size, growth and segmentation..........9
The Indian market for trade credit insurance has experienced strong growth since 2009 ........9
Almost a half of business-to-business transactions in India are made with deferred payment terms..9
Over 20% of the trade credit insurance market is due to premiums paid by smaller companies.......10
In part for regulatory reasons, single-risk policies make up a fairly low proportion of the total market..........10
Export trade credit insurance makes up a very sizeable proportion of the total market ..........11
The value of exports as a percentage of GDP was virtually the same in 2013 as it was in 2009......12
Cover for political risks accounts for a fairly substantial proportion of the total market value ..13
Factoring as a complementary / substitute product ..........15
Indias factoring market fell sharply in 2009 before staging a partial recovery in subsequent years..15
Underwriter market shares .....15
ECGC dominates the market for trade credit insurance in India ..15
Three international trade credit insurance specialists work in conjunction with local partners 16
Among brokers, Tata AIG enjoys the most frequent utilisation followed by IFFCO-Tokio.......16
Distribution channels....17
Agents and direct sales limit the distribution share of brokers......17
... and few affinity programs exist through other types of intermediary....17
Future outlook....18
Several factors should propel further growth in the market up to 2017...18

3.0 APPENDIX.....20
Brokers participating in the survey ....20

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