Trade Credit Insurance in Belgium

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Jun 17, 2013, 11:55 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 Belgium
http://www.reportlinker.com/p01360789/Trade-Credit-Insurance-in-Belgium.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Credit_and_Loan

Trade Credit Insurance in Belgium is a report about the market for trade credit cover in Belgium. 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 Belgium. 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 Belgium, provides a basis for commentary surrounding distribution channels used for this type of policy, and informs Finaccord's forecasts for the Belgian market value through to 2016.

Key features of this report include:

- quantification of the market size for trade credit insurance in Belgium: 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 Belgium: 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 30 leading banks and major trade associations;

- forecasts for the market for trade credit insurance in Belgium 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 BELGIUM
Introduction
Market size, growth and segmentation
The market for trade credit insurance recorded particularly strong growth in 2010
Slightly less than a half of all business-to-business transactions are made on credit
Small companies account for a lower proportion of premiums paid than in other European countries
Most brokers offer single-risk policies in Belgium and for at least two it is an especially important activity
As a proportion of the total market, export trade credit insurance is especially important in Belgium...
... which is partly a consequence of the high ratio of exports to GDP
For two brokers, more than 20% of export trade credit revenues are due to cover for political risks
Factoring as a complementary / substitute product
The value of Belgium's factoring market almost doubled between 2007 and 2011
Underwriter market shares
By some distance, Euler Hermes and Atradius are the largest underwriters in the Belgian market...
...although a fairly long tail of smaller insurers have established relationships with brokers
Distribution channels
Brokers are the main distribution channel for trade credit insurance in Belgium...
...with Crion, Trade Insure and Van Breda laying claim to the highest market shares
Two major Belgian banks act as distributors of trade credit insurance
Several trade associations are active in the intermediation of trade credit insurance in Belgium
Future outlook
The trade credit insurance market has quite significant potential to grow further 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 Belgium
1.0 INTRODUCTION
2.0 BELGIUM
Gross written premiums for trade credit insurance in Belgium, 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 Belgium, 2013
Premiums paid for single-risk policies as a proportion of the total market for trade credit insurance in Belgium, 2013
Premiums paid for export trade credit insurance as a proportion of the total market for trade credit insurance in Belgium, 2013
Values of exports inside and outside the EU and corresponding percentages of GDP in Belgium, 2007 to 2011
Premiums paid for political risk cover as a proportion of the total market for export trade credit insurance in Belgium, 2013
Total factoring market value in Belgium, 2007 to 2011
Estimated market shares of gross written premiums of trade credit insurance underwriters in Belgium, 2012
Frequency of usage of specific trade credit insurance underwriters by brokers in Belgium, 2013
Major banks offering trade credit insurance in Belgium: operating models and partnerships, 2013
Major trade associations offering trade credit insurance in Belgium: operating models and partnerships, 2013
Forecast gross written premiums for trade credit insurance in Belgium and the proportion due to export trade credit insurance, 2016
Forecast segmentation of gross written premiums in Belgium between domestic and export trade credit insurance, 2016 (table)
3.0 APPENDIX