金融保証の世界市場：将来予測 (2032年まで) - 製品種類別・企業規模別・発行者の種類別・保証期間別・エンドユーザー別・地域別の分析

ストラティスティックスMRCによると、世界の金融保証市場は2025年に467億米ドルを占め、予測期間中のCAGRは10.6％で成長し、2032年には947億米ドルに達すると予想されています。

金融保証とは、借り手が債務不履行に陥ったり、契約条件を満たせなかったりした場合に、第三者（通常は銀行や保険会社）が借り手の金融債務を引き受けることを約束するものです。金融保証は貸し手や受益者に支払いを保証するものであり、これによって信用リスクを軽減し、金融取引における信用を高めます。金融保証は、貿易金融、債券発行、大規模インフラ・プロジェクトなどで一般的に利用されています。

Beck, Klapper &Mendoza（2010）の調査によると、世界の信用保証制度の30％以上が国営です。

国際的な貿易・投資活動の拡大

国際貿易やクロスボーダー投資活動の拡大は、金融保証市場の成長の主要な原動力となっています。企業が複雑な世界取引に従事するにつれて、リスク軽減手段に対する需要が大幅に増加し、市場の拡大を後押ししています。さらに、開発途上国における輸出入活動の急増は、金融保証プロバイダーがセキュリティ・ソリューションを提供する大きな機会を生み出しています。さらに、国際的なサプライ・チェーンの複雑化に伴い、強固な金融保証の仕組みが必要となり、市場の需要を後押ししています。

経済変動と市場の不確実性

経済が不安定な時期には、金融機関の融資姿勢が慎重になり、保証商品の利用可能性が低下します。さらに、不安定な市場環境は債務不履行の確率を高め、保証人はリスク評価プロセスにおいてより選別的になります。さらに、景気後退は企業活動の減退を招き、企業が事業拡大計画を延期するため、金融保証需要が減退する可能性があります。

中小企業による採用の増加

中小企業は、信用力が限定的であるにもかかわらず、与信枠を利用し事業を拡大する上で金融保証の価値を認識するようになっています。技術の進歩により申請や承認の手続きが簡素化され、中小企業にとって金融保証がより利用しやすくなっています。さらに、様々な地域で政府のイニシアティブや政策支援が中小企業の保証プログラムへの参加を促し、中小企業が金融保証商品を採用しやすい環境を作り出しています。

保証人による厳格な審査とデューディリジェンス

銀行は、包括的な書類と担保を必要とする広範な信用力評価を実施しており、信用履歴の乏しい潜在的な受益者を排除することが多いです。長い承認プロセスや官僚的な手続きは、多くの申請者が金融保証を追求することを躊躇させます。さらに、厳格な規制遵守要件は保証提供企業の運営コストを増加させ、市場参入を制限する可能性があります。

COVID-19の影響：

COVID-19の大流行は、世界貿易の不確実性の増大、サプライチェーンの混乱、多業種にわたる広範な事業閉鎖を通じて、金融保証市場を大きく混乱させました。政府による営業停止措置は、事業の発展や拡大活動のために金融保証に大きく依存していた中小企業に特に影響を与えました。しかし、当局が導入した一定の政策措置と金利緩和は、一部の企業が事業を維持し、保証枠を利用するのに役立ちました。さらに、パンデミックは金融サービスのデジタル変革を加速させ、オンライン保証申請プロセスの改善につながりました。

予測期間中、大企業セグメントが最大となる見込み

大企業セグメントは、多額の資金需要と複雑な取引構造により、予測期間中最大の市場シェアを占めると予想されます。大企業は、高価値で洗練された事業運営を行っており、サプライチェーンの安全確保や規制遵守のために信頼できる金融保証が必要となります。さらに、これらの企業は、厳格な要件を満たし、包括的な保証商品に関連するコストを負担する財務能力を有しています。さらに、これらの企業の確立された信用力と強固な財務プロファイルは、保証プロバイダーにとって好ましい顧客であり、継続的な市場支配を確実なものにしています。

民間保険会社セグメントは予測期間中最も高いCAGRが見込まれる

予測期間中、専門的なリスク軽減ソリューションに対する需要の高まりにより、民間保険会社セグメントが最も高い成長率を示すと予測されます。民間保険会社は、デジタル経済や複雑な金融取引の進化に対応した革新的な保証商品を開発しています。さらに、これらの企業は技術の進歩を活用してプロセスを合理化し、サービス提供の効率を高めています。さらに、民間保険会社の新興市場への進出と競争力のある価格体系を提供する能力が、成長の加速に寄与しています。

最大のシェアを占める地域：

予測期間中、アジア太平洋地域が最大の市場シェアを占めると予想されるのは、同地域全体の堅調な経済成長と広範なインフラ整備の取り組みによるものです。交通網、エネルギー施設、都市開発などの大規模プロジェクトに対する政府の支援は、金融保証商品に対する大きな需要を生み出しています。さらに、この地域では中間層が急増し、都市化が進んでいるため、さまざまな金融サービスへの需要が高まっています。日本のような先進経済諸国と、中国やインドのような急成長中の新興市場の両方を包含する多様な金融情勢は、イノベーションと競争を促進しています。

CAGRが最も高い地域：

予測期間中、アジア太平洋地域は、金融保証サービスのデジタル化の進展と、機械学習や分散型台帳を含む革新的技術の採用により、最も高いCAGRを示すと予測されます。同地域のダイナミックな経済環境と急速な技術進歩は、市場拡大に有利な条件を生み出しています。さらに、金融包摂と中小企業開拓を促進する政府の取り組みも、市場成長の加速に寄与しています。

無料のカスタマイズサービス

当レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加企業の包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域区分
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序論

• 概要
• ステークホルダー
• 分析範囲
• 分析手法
  • データマイニング
  • データ分析
  • データ検証
  • 分析アプローチ
• 分析資料
  • 一次調査資料
  • 二次調査情報源
  • 前提条件

第3章 市場動向の分析

• イントロダクション
• 促進要因
• 抑制要因
• 市場機会
• 脅威
• 製品分析
• エンドユーザー分析
• 新興市場
• 新型コロナウイルス感染症 (COVID-19) の影響

第4章 ポーターのファイブフォース分析

• サプライヤーの交渉力
• バイヤーの交渉力
• 代替製品の脅威
• 新規参入企業の脅威
• 企業間競争

第5章 世界の金融保証市場：製品種類別

• 銀行保証
  • パフォーマンス保証
  • 支払い保証
  • 入札保証金保証
  • 前払い保証
  • 関税および税金の保証
• ドキュメンタリー信用状（DLC）
  • 輸出信用状
  • 輸入信用状
  • リボルビング信用状
  • 譲渡可能信用状
  • 赤条項信用状
• スタンバイ信用状（SBLC）
• 売掛金ファイナンス
• その他の製品タイプ

第6章 世界の金融保証市場：企業規模別

• 中小企業
• 中規模企業
• 大企業

第7章 世界の金融保証市場：発行者の種類別

• 商業銀行
• 民間保険会社
• 政府支援機関（GSE）
• 投資銀行
• その他の発行者

第8章 世界の金融保証市場：保証期間別

• 短期（1年未満）
• 中期（1～5年）
• 長期（5年以上）

第9章 世界の金融保証市場：エンドユーザー別

• 輸出業者
• 輸入業者
• 不動産・インフラ
• 公共財政
• エネルギー部門
• 製造業
• その他のエンドユーザー

第10章 世界の金融保証市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東・アフリカ

第11章 主な動向

• 契約、事業提携・協力、合弁事業
• 企業合併・買収 (M&A)
• 新製品の発売
• 事業拡張
• その他の主要戦略

第12章 企業プロファイル

• American International Group（AIG）
• Assured Guaranty
• MBIA Inc.
• Euler Hermes/Allianz Trade
• Coface
• Zurich Insurance Group
• Chubb Limited
• Liberty Mutual Insurance Group
• Berkshire Hathaway Specialty Insurance
• BNP Paribas SA
• HSBC Holdings plc
• JPMorgan Chase & Co.
• Citigroup Inc.
• Deutsche Bank AG
• Societe Generale S.A.
• Industrial and Commercial Bank of China（ICBC）
• Bank of Montreal
• Radian Group

List of Tables

• Table 1 Global Financial Guarantee Market Outlook, By Region (2024-2032) ($MN)
• Table 2 Global Financial Guarantee Market Outlook, By Product Type (2024-2032) ($MN)
• Table 3 Global Financial Guarantee Market Outlook, By Bank Guarantees (2024-2032) ($MN)
• Table 4 Global Financial Guarantee Market Outlook, By Performance Guarantees (2024-2032) ($MN)
• Table 5 Global Financial Guarantee Market Outlook, By Payment Guarantees (2024-2032) ($MN)
• Table 6 Global Financial Guarantee Market Outlook, By Bid Bond Guarantees (2024-2032) ($MN)
• Table 7 Global Financial Guarantee Market Outlook, By Advance Payment Guarantees (2024-2032) ($MN)
• Table 8 Global Financial Guarantee Market Outlook, By Customs and Tax Guarantees (2024-2032) ($MN)
• Table 9 Global Financial Guarantee Market Outlook, By Documentary Letters of Credit (DLC) (2024-2032) ($MN)
• Table 10 Global Financial Guarantee Market Outlook, By Export Letters of Credit (2024-2032) ($MN)
• Table 11 Global Financial Guarantee Market Outlook, By Import Letters of Credit (2024-2032) ($MN)
• Table 12 Global Financial Guarantee Market Outlook, By Revolving Letters of Credit (2024-2032) ($MN)
• Table 13 Global Financial Guarantee Market Outlook, By Transferable Letters of Credit (2024-2032) ($MN)
• Table 14 Global Financial Guarantee Market Outlook, By Red Clause Letters of Credit (2024-2032) ($MN)
• Table 15 Global Financial Guarantee Market Outlook, By Standby Letters of Credit (SBLC) (2024-2032) ($MN)
• Table 16 Global Financial Guarantee Market Outlook, By Receivables Financing (2024-2032) ($MN)
• Table 17 Global Financial Guarantee Market Outlook, By Other Product Types (2024-2032) ($MN)
• Table 18 Global Financial Guarantee Market Outlook, By Enterprise Size (2024-2032) ($MN)
• Table 19 Global Financial Guarantee Market Outlook, By Small Enterprises (2024-2032) ($MN)
• Table 20 Global Financial Guarantee Market Outlook, By Medium-Sized Enterprises (2024-2032) ($MN)
• Table 21 Global Financial Guarantee Market Outlook, By Large Enterprises (2024-2032) ($MN)
• Table 22 Global Financial Guarantee Market Outlook, By Issuer Type (2024-2032) ($MN)
• Table 23 Global Financial Guarantee Market Outlook, By Commercial Banks (2024-2032) ($MN)
• Table 24 Global Financial Guarantee Market Outlook, By Private Insurance Companies (2024-2032) ($MN)
• Table 25 Global Financial Guarantee Market Outlook, By Government-Sponsored Entities (GSEs) (2024-2032) ($MN)
• Table 26 Global Financial Guarantee Market Outlook, By Investment Banks (2024-2032) ($MN)
• Table 27 Global Financial Guarantee Market Outlook, By Other Issuers (2024-2032) ($MN)
• Table 28 Global Financial Guarantee Market Outlook, By Guarantee Duration (2024-2032) ($MN)
• Table 29 Global Financial Guarantee Market Outlook, By Short-Term (less than 1 year) (2024-2032) ($MN)
• Table 30 Global Financial Guarantee Market Outlook, By Medium-Term (1-5 years) (2024-2032) ($MN)
• Table 31 Global Financial Guarantee Market Outlook, By Long-Term (over 5 years) (2024-2032) ($MN)
• Table 32 Global Financial Guarantee Market Outlook, By End User (2024-2032) ($MN)
• Table 33 Global Financial Guarantee Market Outlook, By Exporters (2024-2032) ($MN)
• Table 34 Global Financial Guarantee Market Outlook, By Importers (2024-2032) ($MN)
• Table 35 Global Financial Guarantee Market Outlook, By Real Estate and Infrastructure (2024-2032) ($MN)
• Table 36 Global Financial Guarantee Market Outlook, By Public Finance (2024-2032) ($MN)
• Table 37 Global Financial Guarantee Market Outlook, By Energy Sector (2024-2032) ($MN)
• Table 38 Global Financial Guarantee Market Outlook, By Manufacturing (2024-2032) ($MN)
• Table 39 Global Financial Guarantee Market Outlook, By Other End Users (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

According to Stratistics MRC, the Global Financial Guarantee Market is accounted for $46.7 billion in 2025 and is expected to reach $94.7 billion by 2032 growing at a CAGR of 10.6% during the forecast period. A financial guarantee is a commitment made by a third party, typically a bank or insurance company, to assume the financial obligation of a borrower if they default on a loan or fail to meet contractual terms. It assures the lender or beneficiary of payment, thereby reducing credit risk and enhancing trust in financial transactions. Financial guarantees are commonly used in trade finance, bond issues, and large-scale infrastructure projects.

According to a survey by Beck, Klapper & Mendoza (2010), over 30 % of credit guarantee schemes worldwide are state-owned.

Market Dynamics:

Driver:

Increasing global trade and investment activities

The expansion of international trade and cross-border investment activities serves as a primary driver for the financial guarantee market's growth. As businesses engage in complex global transactions, the demand for risk mitigation instruments increases substantially, driving market expansion. Furthermore, the surge in import and export activities across developing nations creates significant opportunities for financial guarantee providers to offer security solutions. Additionally, the growing complexity of international supply chains necessitates robust financial assurance mechanisms, thereby propelling market demand.

Restraint:

Economic volatility and market uncertainty

During periods of economic uncertainty, financial institutions become more cautious in their lending practices, leading to reduced availability of guarantee products. Furthermore, volatile market conditions increase the probability of defaults, making guarantors more selective in their risk assessment processes. Additionally, economic downturns can lead to decreased business activity and reduced demand for financial guarantees as companies postpone expansion plans.

Opportunity:

Increasing adoption by SMEs

SMEs increasingly recognize the value of financial guarantees in accessing credit facilities and expanding their business operations despite limited creditworthiness. Technological advancements have simplified the application and approval processes, making financial guarantees more accessible to smaller businesses. Additionally, government initiatives and policy support in various regions are encouraging SME participation in guarantee programs, creating a more favorable environment for SME adoption of financial guarantee products.

Threat:

Stringent assessment and due diligence by guarantors

Banks conduct extensive creditworthiness assessments requiring comprehensive documentation and collateral, often excluding potential beneficiaries with limited credit histories. The lengthy approval processes and bureaucratic procedures deter many applicants from pursuing financial guarantees. Additionally, strict regulatory compliance requirements increase operational costs for guarantee providers, potentially limiting market participation.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted the financial guarantee market through increased global trade uncertainty, supply chain disruptions, and widespread business closures across multiple industry sectors. Government-imposed lockdowns particularly affected SMEs that heavily relied on financial guarantees for business development and expansion activities. However, certain policy measures and interest rate relaxations introduced by authorities helped some businesses maintain operations and access guarantee facilities. Additionally, the pandemic accelerated digital transformation in financial services, leading to improved online guarantee application processes.

The large enterprises segment is expected to be the largest during the forecast period

The large enterprises segment is expected to account for the largest market share during the forecast period due to their substantial financial requirements and complex transaction structures. Large corporations engage in high-value, sophisticated business operations that necessitate reliable financial assurances to secure supply chains and ensure regulatory compliance. Furthermore, these enterprises possess the financial capacity to meet the stringent requirements and bear the costs associated with comprehensive guarantee products. Moreover, their established creditworthiness and robust financial profiles make them preferred clients for guarantee providers, ensuring continued market dominance.

The private insurance companies segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the private insurance companies segment is predicted to witness the highest growth rate, driven by increasing demand for specialized risk mitigation solutions. Private insurers are developing innovative guarantee products tailored to meet the evolving needs of the digital economy and complex financial transactions. Furthermore, these companies are leveraging technological advancements to streamline processes and enhance service delivery efficiency. Additionally, the expansion of private insurance companies into emerging markets and their ability to offer competitive pricing structures contribute to accelerated growth.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to robust economic growth and extensive infrastructure development initiatives across the region. Government support for large-scale projects, including transportation networks, energy facilities, and urban development, creates substantial demand for financial guarantee products. Furthermore, the region's burgeoning middle class and increasing urbanization drive demand for various financial services. The diverse financial landscape encompassing both developed economies like Japan and rapidly emerging markets such as China and India fosters innovation and competition.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR due to increasing digitization of financial guarantee services and adoption of innovative technologies, including machine learning and distributed ledgers. The region's dynamic economic environment and rapid technological advancement create favorable conditions for market expansion. Furthermore, government initiatives promoting financial inclusion and SME development contribute to accelerated market growth.

Key players in the market

Some of the key players in Financial Guarantee Market include American International Group (AIG), Assured Guaranty, MBIA Inc., Euler Hermes / Allianz Trade, Coface, Zurich Insurance Group, Chubb Limited, Liberty Mutual Insurance Group, Berkshire Hathaway Specialty Insurance, BNP Paribas SA, HSBC Holdings plc, JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG, Societe Generale S.A., Industrial and Commercial Bank of China (ICBC), Bank of Montreal, and Radian Group.

Key Developments:

In May 2025, Assured Guaranty (Europe) SA (AGE), an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on a €96 million loan to Sociedad Concesionaria 5 Villas, S.A., ("SC5") an entity owned by Acciona Concesiones, S.L. and Papsa Infraestructuras S.A.

In November 2024, AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to "aa" (Superior) from "aa-" (Superior) and affirmed the Financial Strength Ratings (FSR) of A+ (Superior) of the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Zurich) (Switzerland). At the same time, AM Best has upgraded the Long-Term ICR to "a+" (Excellent) from "a" (Excellent) of Zurich, a non-operating holding company. The outlook of the Long-Term ICR has been revised to stable from positive, whilst the outlook of the FSR is stable.

Product Types Covered:

• Bank Guarantees
• Documentary Letters of Credit (DLC)
• Standby Letters of Credit (SBLC)
• Receivables Financing
• Other Product Types

Enterprise Sizes Covered:

• Small Enterprises
• Medium-Sized Enterprises
• Large Enterprises

Issuer Types Covered:

• Commercial Banks
• Private Insurance Companies
• Government-Sponsored Entities (GSEs)
• Investment Banks
• Other Issuers

Guarantee Durations Covered:

• Short-Term (less than 1 year)
• Medium-Term (1-5 years)
• Long-Term (over 5 years)

End Users Covered:

• Exporters
• Importers
• Real Estate and Infrastructure
• Public Finance
• Energy Sector
• Manufacturing
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Financial Guarantee Market, By Product Type

• 5.1 Introduction
• 5.2 Bank Guarantees
  • 5.2.1 Performance Guarantees
  • 5.2.2 Payment Guarantees
  • 5.2.3 Bid Bond Guarantees
  • 5.2.4 Advance Payment Guarantees
  • 5.2.5 Customs and Tax Guarantees
• 5.3 Documentary Letters of Credit (DLC)
  • 5.3.1 Export Letters of Credit
  • 5.3.2 Import Letters of Credit
  • 5.3.3 Revolving Letters of Credit
  • 5.3.4 Transferable Letters of Credit
  • 5.3.5 Red Clause Letters of Credit
• 5.4 Standby Letters of Credit (SBLC)
• 5.5 Receivables Financing
• 5.6 Other Product Types

6 Global Financial Guarantee Market, By Enterprise Size

• 6.1 Introduction
• 6.2 Small Enterprises
• 6.3 Medium-Sized Enterprises
• 6.4 Large Enterprises

7 Global Financial Guarantee Market, By Issuer Type

• 7.1 Introduction
• 7.2 Commercial Banks
• 7.3 Private Insurance Companies
• 7.4 Government-Sponsored Entities (GSEs)
• 7.5 Investment Banks
• 7.6 Other Issuers

8 Global Financial Guarantee Market, By Guarantee Duration

• 8.1 Introduction
• 8.2 Short-Term (less than 1 year)
• 8.3 Medium-Term (1-5 years)
• 8.4 Long-Term (over 5 years)

9 Global Financial Guarantee Market, By End User

• 9.1 Introduction
• 9.2 Exporters
• 9.3 Importers
• 9.4 Real Estate and Infrastructure
• 9.5 Public Finance
• 9.6 Energy Sector
• 9.7 Manufacturing
• 9.8 Other End Users

10 Global Financial Guarantee Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 American International Group (AIG)
• 12.2 Assured Guaranty
• 12.3 MBIA Inc.
• 12.4 Euler Hermes / Allianz Trade
• 12.5 Coface
• 12.6 Zurich Insurance Group
• 12.7 Chubb Limited
• 12.8 Liberty Mutual Insurance Group
• 12.9 Berkshire Hathaway Specialty Insurance
• 12.10 BNP Paribas SA
• 12.11 HSBC Holdings plc
• 12.12 JPMorgan Chase & Co.
• 12.13 Citigroup Inc.
• 12.14 Deutsche Bank AG
• 12.15 Societe Generale S.A.
• 12.16 Industrial and Commercial Bank of China (ICBC)
• 12.17 Bank of Montreal
• 12.18 Radian Group