Swiss Re: High-growth credit market worth $6.9bn
Swiss Re has valued the credit and surety insurance market business at $6.9bn in premiums in its latest Sigma study. The world’ largest reinsurer highlighted the link between increased demand for credit insurance and above-trend growth in world trade, which since 1950, has increased by 6.2% per year in real terms, versus 3.8% for global output.
According to “Credit insurance and surety: solidifying commitments”, values secured through credit insurance and suretyship last year totaled an estimated $2,900bn.
This corresponds to 6.5% of world
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