Business Services Industry
Swiss Re, Moody's foresee growth for trade credit market.
Business Insurance, November, 2000 by UNSWORTH, EDWIN
The global market for credit insurance is forecast to grow steadily over the next five years, with the biggest gains coming from the United States and emerging countries, albeit at a smaller volume than in Western European countries. Two reports released this month suggest that credit insurance not only is a strong and healthy business, but also is set to enjoy strong growth over at least the next five years.
A study by Swiss Reinsurance Co. concludes that globalization and e-business are providing important new opportunities for trade credit insurers. Trade credit insurance provides coverage against the risk of outstanding receivables, which the reinsurer says can be the most important asset for a non-financial company. According to Swiss Re, accounts receivable,...
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