Trade Credit Insurance Market 2030: The Rising Shield Against Non-Payment Risks
Trade Credit Insurance Market Growth & Trends The global trade credit insurance market size is anticipated to reach USD 22.13 billion by 2030, exhibiting a CAGR of 11.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the increasing uncertainty and non-payment frauds. Furthermore, the rise in the import and export trades worldwide is also anticipated to drive the market’s growth. Recently, venture capital firms have started focusing on insurance start-ups, assisting them in raising funds to expand their product portfolios and strengthen their market position. For instance, in June 2022, Hokodo Services Ltd, an insurance company based in London, announced that it raised USD 40 million through a series B funding round led by Notion Capital, a venture capital fund. The company aimed to utilize these funds to redefine the way that businesses transact. Gather more insights about the market drivers,...