市場調査レポート

中東の取引信用保険市場

Trade Credit Insurance in the Middle East

発行 Finaccord Ltd. 商品コード 300619
出版日 ページ情報 英文 28 pages
納期: 即日から翌営業日
価格
本日の銀行送金レート: 1USD=101.50円で換算しております。
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中東の取引信用保険市場 Trade Credit Insurance in the Middle East
出版日: 2014年03月01日 ページ情報: 英文 28 pages
概要

当レポートでは湾岸アラブ諸国協力理事会加盟6カ国(バーレーン、クウェート、オマーン、カタール、サウジアラビア)の取引信用保険市場に注目し、2009-2013年の期間におけるその発展を解説するほか、同市場を4つの基準(年商500万ドル未満およびそれ以上、シングルリスク保険と年間保険の別、輸出と国内取引の別、政治的リスクに対する補償と事業リスク補償の別)で区分した上で、各分野の近況に関する分析情報をまとめ、概略以下の構成でお届けします。

エグゼクティブサマリー

第1章 イントロダクション

  • レポートの主題
  • 論点
    • 当調査実施の背景要因
    • ブローカー以外にもいくつか存在する流通チャネルの選択肢
    • 世界全体で2兆ドルを上回る取引信用保険の対象価額
    • 当レポートは取引信用保険に対する重要測定数値の標準化分析を提供
  • 調査方法
    • 調査プログラム
    • 市場データ分析
  • 定義
    • 取引信用保険
    • シングルリスク保険と年間保険
    • 輸出保険と国内取引保険
    • 政治的リスクと事業リスク
    • 保険料
    • 略語
  • PartnerBASE
  • Finaccord

第2章 市場分析

  • イントロダクション
  • 市場規模、成長率、およびセグメンテーション
    • 2009年以降、急成長を見せた地域の取引信用保険市場
      • 地域内企業間に漸次拡大しつつある需要
    • 地域全体で広く問題視される適切な破産認定の欠如
    • 地域における取引信用保険市場でかなりの割合を占める小規模企業
    • 調査対象としたブローカーの大半が年間保険とシングルリスク保険の両方を仲介
    • 中東地域における取引信用保険料の非常に高い割合が輸出関連
    • 国民総生産(GDP)に占める輸出比率の高さを特徴とする湾岸アラブ諸国協力理事会(GCC)加盟国
    • 中東では政治的リスク補償の提供が顕著な役割を担う
  • 補完・代用商品としての売掛債権買取(ファクタリング)
    • 非常に低いベースから成長しているカタールとアラブ首長国連邦(UAE)の売掛債権買取市場
  • 保険会社市場シェア
    • Euler Hermesが地域最大の保険会社になりそう
      • 同社はとりわけサウジアラビアで高い市場シェアを握るものと考えられる
    • アラブ首長国連邦内に複数の重要な提携関係を維持するCoface
      • Atradiusも地域内の提携先と協力
    • 競合企業は国際的専門企業、地域内保険会社、ニッチ企業など
  • 流通チャネル
    • 湾岸アラブ諸国協力理事会加盟6ヶ国中2カ国にブローカーが不在も他の4か国には存在する
    • この形式の保険に向けて多数の地域内銀行が流通関係を構築
  • 将来見通し
    • 中東における取引信用保険の急増現象は今後数年にわたって続きそう

第3章 付録

  • 当調査参加ブローカー
目次
Product Code: report_tci_me

‘Trade Credit Insurance in the Middle East’ is a report about the market for trade credit cover in six GCC countries, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.

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 the six GCC countries in scope. 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 the six countries, 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 these six GCC countries: 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 the Middle East: 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 across the six GCC countries in question 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 MARKET ANALYSIS

  • Introduction
  • Market size, growth and segmentation
    • The regional market for trade credit insurance has experienced very rapid growth in recent years...
    • ...with demand gradually increasing among domestic companies
    • A lack of adequate bankruptcy legislation is generally perceived to be a problem in the whole region
    • Small companies account for a substantial proportion of the regional market for trade credit insurance
    • A majority of brokers surveyed intermediate both annual and single-risk policies
    • A very high proportion of trade credit insurance premiums in the Middle East are export-related...
    • The GCC countries are characterised by a very high value of exports as a percentage of GDP
    • The provision of cover for political risks plays a notable role in the Middle East
  • Factoring as a complementary / substitute product
    • The factoring markets of Qatar and the UAE are growing from a very low base
  • Underwriter market shares
    • Euler Hermes is likely to be a fairly clear market leader in the region among underwriters...
    • ... and is believed to hold an especially high market share in Saudi Arabia
    • Coface maintains several important distribution partnerships in the UAE...
    • ... and Atradius also collaborates with local partners
    • Competitors include international specialists, local underwriters and niche players
  • Distribution channels
    • Brokers are absent from two of the six GCC countries but present in the other four
    • A number of banks in the region have established distribution relationships for this type of cover
  • Future outlook
    • The boom in trade credit insurance in the Middle East is likely to continue in the coming years
  • 3.0 APPENDIX
  • Brokers participating in the survey

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

  • Key market data for trade credit insurance in the Middle East

1.0 INTRODUCTION

2.0 MARKET ANALYSIS

  • Gross written premiums for trade credit insurance in the Middle East, 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 the Middle East, 2013
  • Premium income paid for single-risk policies as a proportion of the total market for trade credit insurance in the Middle East, 2013
  • Premium income paid for export trade credit insurance as a proportion of the total market for trade credit insurance in the Middle East, 2013
  • Values of exports and imports and split of GDP by sector in the Middle East, 2009 to 2013
  • Premium income paid for political risk cover as a proportion of the total market for export trade credit insurance in the Middle East, 2013
  • Total factoring market value in Qatar and the UAE, 2008 to 2012
  • Estimated market shares of gross written premiums of trade credit insurance underwriters in the Middle East, 2013
  • Frequency of usage of specific trade credit insurance underwriters by brokers in the Middle East, 2014
  • Major banks offering trade credit insurance in the Middle East: operating models and partnerships, 2014
  • Forecast gross written premiums for trade credit insurance in the Middle East and the proportion due export trade credit insurance, 2017
  • Forecast segmentation of gross written premiums in the Middle East between domestic and export trade credit insurance, 2017 (table)

3.0 APPENDIX

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