Insurance markets

Overall environment

The credit insurance market is estimated at around $6.0 billion premium by the International Credit Insurance and Surety Association.

Historically the portfolio market has been dominated by the top three global credit insurers; Euler Hermes, Atradius and Coface.

While these carriers continue to dominate, there is evidence that smaller, more agile insurers are increasing market share, by particularly focusing on single risk solutions for selected portfolios and gap coverage through Top Up and Excess structures.

Over recent years we have seen a convergence between traditional multi-debtor insurers and single risk carriers. This can enable clients to leverage portfolio pricing methodology and risk analysis on one hand and the non-cancellable flexible nature of the Single Buyer insurers on the other.

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Aon UK Limited is authorised and regulated by the Financial Conduct Authority. FPNAT.391

At a glance

Market share