Trade Credit Insurance in Germany

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Jun 18, 2013, 12:46 ET

NEW YORK, June 18, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Trade Credit Insurance in Germany
http://www.reportlinker.com/p01360792/Trade-Credit-Insurance-in-Germany.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance

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

Key features of this report include:

- quantification of the market size for trade credit insurance in Germany: 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 Germany: 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 50 leading banks and major trade associations;

- forecasts for the market for trade credit insurance in Germany 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 GERMANY
Introduction
Market size, growth and segmentation
Although its ratio to national GDP is not especially high, Germany's market is the largest in Europe...
... with claims ratios having improved in recent years
Most brokers serve clients with less than EUR 5 million in annual turnover as well as larger customers
Single-risk policies are believed to have grown in importance in Germany in recent years
Export trade credit insurance accounts for a substantial proportion of the total market...
... driven by the fact that exports account for more than 40% of German GDP
The value of cover for political risks is comfortably ahead of the average for Europe as a whole
Factoring as a complementary / substitute product
Germany's market for factoring appears to be growing rapidly
Underwriter market shares
Smaller underwriters have made some progress in Germany in recent years...
... including Delcredere, QBE, R+V, TCRe and Zurich
Behind the five leading underwriters, brokers work most frequently with Delcredere and TCRe
Distribution channels
The agents of Signal Iduna act as distributors of trade credit policies underwritten by R+V...
...in a market in which there are many brokers with a significant presence in this arena...
...among which Aon is the market leader
Several of Germany's largest banks act as distributors of trade credit insurance
Several important trade associations offer trade credit insurance to their members...
... with at least four underwriters engaged in this activity
Future outlook
The value of the German trade credit insurance market is likely to approach EUR 1 billion by 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 Germany
1.0 INTRODUCTION
2.0 GERMANY
Gross written premiums for trade credit insurance in Germany, 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 Germany, 2013
Premiums paid for single-risk policies as a proportion of the total market for trade credit insurance in Germany, 2013
Premiums paid for export trade credit insurance as a proportion of the total market for trade credit insurance in Germany, 2013
Values of exports inside and outside the EU and corresponding percentages of GDP in Germany, 2007 to 2011
Premiums paid for political risk cover as a proportion of the total market for export trade credit insurance in Germany, 2013
Total factoring market value in Germany, 2007 to 2011
Estimated market shares of gross written premiums of trade credit insurance underwriters in Germany, 2012
Frequency of usage of specific trade credit insurance underwriters by brokers in Germany, 2013
Major banks offering trade credit insurance in Germany: operating models and partnerships, 2013
Major trade associations offering trade credit insurance in Germany: operating models and partnerships, 2013
Forecast gross written premiums for trade credit insurance in Germany and the proportion due to export trade credit insurance, 2016
Forecast segmentation of gross written premiums in Germany between domestic and export trade credit insurance, 2016 (table)