Trade Credit Insurance in Austria

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Jun 17, 2013, 12:02 ET

NEW YORK, June 17, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Trade Credit Insurance in Austria
http://www.reportlinker.com/p01360788/Trade-Credit-Insurance-in-Austria.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance

Trade Credit Insurance in Austria is a report about the market for trade credit cover in Austria. In addition to documenting the development of the market value from 2008 to 2012, the report also divides it for the most recent year between four key segments: between small companies with an annual turnover of less than EUR 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.

These unique market splits are based in part on a survey of leading brokers of trade credit insurance in Austria. This same survey also identifies the underwriters of this type of cover used by brokers on a regular basis, gives an input into Finaccord's estimates for the market shares of underwriters and brokers of trade credit insurance in Austria, provides a basis for commentary surrounding distribution channels used for this type of policy, and informs Finaccord's forecasts for the Austrian market value through to 2016.

Key features of this report include:

- quantification of the market size for trade credit insurance in Austria: how much is the market worth, how has it developed since 2008 and how does it break down into key segments?

- presentation of the actual or estimated market shares of both brokers and underwriters of trade credit insurance in 2012 based on both the broker survey and other available data sources;

- audit of the frequency of usage of underwriters by major brokers of trade credit insurance in Austria: to what extent are competitors effectively challenging the main incumbent underwriters?

- availability of an accompanying PartnerBASE dataset that logs partnerships for trade credit insurance identified by Finaccord across a combined total of over 40 leading banks and major trade associations;

- forecasts for the market for trade credit insurance in Austria and how it will split between domestic and export trade credit cover: what is this sector likely to look like in 2016?

Table of Contents

0.0 EXECUTIVE SUMMARY
1.0 INTRODUCTION
What is this report about?
Rationale
Several factors underpin the rationale for the production of this study
There are several distribution channel options in addition to brokers
Globally, trade credit insurers cover over EUR 1 trillion of commercial credit exposures
The report provides a standardised analysis of important metrics for trade credit insurance
Methodology
Research program
Market data analysis
Definitions
Trade credit insurance
Single-risk and annual policies
Export and domestic policies
Political and business risks
Premiums
Abbreviations
PartnerBASE
Finaccord

2.0 AUSTRIA
Introduction
Market size, growth and segmentation
In relative terms, Austria appears to have a highly developed market for trade credit insurance...
...driven by a comparatively high proportion of business transactions made on credit
Small companies constitute an important customer base for several brokers
Most brokers in Austria intermediate single-risk policies as well as annual cover
Export trade credit insurance is a comparatively important market segment in Austria...
... partly as a consequence of the fact that exports account for more than 40% of Austrian GDP
Cover for political risks plays a more moderate role in the Austrian market for trade credit insurance
Factoring as a complementary / substitute product
Austria lags behind most other European countries in the development of its factoring market
Underwriter market shares
Some brokers intermediate trade credit insurance underwritten by insurers based outside of Austria
Having entered the market in 2012, R+V is seeking to challenge the incumbent underwriters
Nearly all Austrian brokers of trade credit insurance maintain a relationship with Coface
Distribution channels
Brokers face significant competition from other distribution channels in Austria...
... including banks, among which a fairly high proportion sell trade credit insurance
However, trade associations are not yet involved in this field
Future outlook
The value of the trade credit insurance market will advance slightly in nominal terms up to 2016

3.0 APPENDIX
Brokers participating in the survey

LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY
Key market data for trade credit insurance in Austria
1.0 INTRODUCTION
2.0 AUSTRIA
Gross written premiums for trade credit insurance in Austria, 2008 to 2012
Premiums paid by small companies with an annual turnover of less than EUR 5 million as a proportion of the total market for trade credit insurance in Austria, 2013
Premiums paid for single-risk policies as a proportion of the total market for trade credit insurance in Austria, 2013
Premiums paid for export trade credit insurance as a proportion of the total market for trade credit insurance in Austria, 2013
Values of exports inside and outside the EU and corresponding percentages of GDP in Austria, 2007 to 2011
Premiums paid for political risk cover as a proportion of the total market for export trade credit insurance in Austria, 2013
Total factoring market value in Austria, 2007 to 2011
Estimated market shares of gross written premiums of trade credit insurance underwriters in Austria, 2012
Frequency of usage of specific trade credit insurance underwriters by brokers in Austria, 2013
Major banks offering trade credit insurance in Austria: operating models and partnerships, 2013
Forecast gross written premiums for trade credit insurance in Austria and the proportion due to export trade credit insurance, 2016
Forecast segmentation of gross written premiums in Austria between domestic and export trade credit insurance, 2016 (table)
3.0 APPENDIX