Swiss Re has published a new “Sigma” study, that examines the state of the credit insurance industry, and finds that “growth prospects for traditional credit insurance remain positive and, in addition, credit insurers have many promising new market opportunities.”
The report sees modest growth in Europe, but ” a 10 percent annual rate in the U.S.”, largely due to the “growth of business-to-business internet transactions.”
The new markets and the developments within the credit insurance industry are evolving rapidly, says Swiss Re. “Credit insurers are becoming receivables management companies — providing credit information services, collection services and risk coverage. These companies are using their risk management expertise and proprietary information to compete in the changing marketplace by unbundling their service offerings and providing new products.
A copy of the sigma study, #7/2000, fully titled “Trade credit insurance: globalisation and e-business are the key opportunities,” may be obtained on the internet at: http://www.swissre.com, or by contacting the company’s New York office – tel:212 317 5135, fax:212 317 5455.
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