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市場調查報告書

巴西交易信用保險市場

Trade Credit Insurance in Brazil

出版商 Finaccord Ltd. 商品編碼 300222
出版日期 內容資訊 英文 27 pages
商品交期: 最快1-2個工作天內
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巴西交易信用保險市場 Trade Credit Insurance in Brazil
出版日期: 2014年03月01日 內容資訊: 英文 27 pages
簡介

本報告針對巴西交易信用保險市場提供2009-2013年期間發展說明、市場4項基準(年收不到500萬美金與以上、單獨風險保險與年度保險分別、出口與國內交易區別、政治風險補償與事業風險補償分別)區分、各分類近況相關分析情報,目錄介紹如下。

摘要

第1章 介紹

  • 報告主題
  • 論點
    • 本調查實施背景因素
    • 經紀人以外還有數個存在的流通管道可選擇
    • 全球整體約有2兆美金交易信用保險價值
    • 本報告提供交易信用保險重要測定數值標準化分析
  • 調查方法
    • 調查方案
    • 市場資料分析
  • 定義
    • 交易信用保險
    • 單獨風險保險與年度保險
    • 出口保險與國內交易保險
    • 政治風險與商業風險
    • 保險費
    • 簡稱
  • PartnerBASE
  • Finaccord

第2章 巴西

  • 介紹
  • 市場規模、成長率、分類
    • 2009-2013年期間成長11.5%複合年度率的交易信用保險市場
      • 產業全體保險請款率為2012年的一倍但依然是低水準
    • 國內企業間交易總額約2分之1延遲支付
    • 小型企業交易信用保險金總額所佔比例比大型企業低
      • 一般少有的單獨風險保險
    • 國內交易風險的交易信用保險佔市場大多數
      • SBCE在1997年之後對出口信用保險採取積極態度
    • 與其他世界主要國相比、國民總生產(GDP)所佔出口額比例很低
    • 整體市場價值很大一部分做為政治風險補償
      • 巴西的貿易國家中阿根廷與智利特別有存在感
  • 做為補充、代用商品的收購(代管)
    • 國內股權買賣市場價值2008-2010年倍增、之後沈寂化
  • 保險公司市場佔有率
    • 7家有力企業競爭下的市場首位是Coface
    • 近年急速成長的是A/G與Zurich
    • 平均經紀7家中有4家是密切合作
    • 最少2家有力企業準備新加入巴西市場
  • 流通管道
    • 經紀支配國內交易信用保險市場的流通管道
    • 交易信用保險有力經紀包括CredRisk Seguros與IRC Brasil等等
      • 另有其他多家活躍中或有相關擴大計畫的企業
  • 未來預測
    • 交易信用保險市場2017年有潛在的大幅成長可能性

第3章 附錄

  • 參加調查的經紀
目錄
Product Code: report_tci_br

‘Trade Credit Insurance in Brazil’ is a report about the market for trade credit cover in Brazil. In addition to documenting the development of the market value from 2009 to 2013, the report also divides it for the most recent year between four key segments: between small companies with an annual turnover of less than USD 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 Brazil. 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 of trade credit insurance in Brazil, provides a basis for commentary surrounding distribution channels used for this type of policy, and informs Finaccord's forecasts for the market value through to 2017.

Key features of this report include:

  • quantification of the market size for trade credit insurance in Brazil: how much is the market worth, how has it developed since 2009 and how does it break down into key segments?
  • presentation of the actual or estimated market shares of underwriters of trade credit insurance in 2013 based on both the broker survey and other available data sources, plus identification of leading brokers of this type of cover;
  • audit of the frequency of usage of underwriters by major brokers of trade credit insurance in Brazil: 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 40 leading banks and major trade associations;
  • forecasts for the market for trade credit insurance in Brazil and how it will split between domestic and export trade credit cover: what is this sector likely to look like in 2017?

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 USD 2 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 BRAZIL

  • Introduction
  • Market size, growth and segmentation
    • The market for trade credit insurance grew at a compound annual rate of 11.5% between 2009 and 2013...
    • ... and while the industry-wide claims ratio nearly doubled in 2012, it remains comparatively low
    • About one half of all business-to-business transactions in Brazil are made on deferred payment terms
    • Small companies account for a relatively low proportion of total trade credit insurance premiums paid...
    • ... and single-risk policies are not common
    • Trade credit insurance for domestic risks makes up the vast majority of the market
    • ... albeit SBCE has been active in export trade credit insurance since 1997
    • Compared to other major global markets, the value of exports as a percentage of GDP is fairly low
    • Cover for political risks accounts for a very substantial proportion of the total market value...
    • ... as a result of the presence of Argentina and China among Brazil's largest trading partners
  • Factoring as a complementary / substitute product
    • The value of Brazil's factoring market more than doubled between 2008 and 2010 before then falling back
  • Underwriter market shares
    • Coface is the largest underwriter in a market in which there are seven significant competitors
    • AIG and Zurich are both understood to have experienced rapid growth in recent years
    • On average, brokers work regularly with close to four of these seven insurance providers
    • At least two significant new competitors are preparing to enter the Brazilian market
  • Distribution channels
    • Brokers are the dominant distribution channel for trade credit insurance in Brazil
    • Leading brokers of trade credit cover include CredRisk Seguros and IRC Brasil...
    • ... although many others are already active or are planning to increase their involvement
  • Future outlook
    • The trade credit insurance market has quite significant potential to grow further up to 2017

3.0 APPENDIX

  • Brokers participating in the survey

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

  • Key market data for trade credit insurance in Brazil

1.0 INTRODUCTION

2.0 BRAZIL

  • Gross written premiums for trade credit insurance in Brazil, 2009 to 2013
  • Premium income paid by small companies with an annual turnover of less than USD 5 million as a proportion of the total market for trade credit insurance in Brazil, 2013
  • Premium income paid for single-risk policies as a proportion of the total market for trade credit insurance in Brazil, 2013
  • Premium income paid for export trade credit insurance as a proportion of the total market for trade credit insurance in Brazil, 2013
  • Values of exports and imports and split of GDP by sector in Brazil, 2009 to 2013
  • Premium income paid for political risk cover as a proportion of the total market for export trade credit insurance in Brazil, 2013
  • Total factoring market value in Brazil, 2008 to 2012
  • Estimated market shares of gross written premiums of trade credit insurance underwriters in Brazil, 2013
  • Frequency of usage of specific trade credit insurance underwriters by brokers in Brazil, 2013
  • Forecast gross written premiums for trade credit insurance in Brazil and the proportion due to export trade credit insurance, 2017
  • Forecast segmentation of gross written premiums in Brazil between domestic and export trade credit insurance, 2017 (table)

3.0 APPENDIX

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