1. What Is the Export Credit Insurance Market?
The Export Credit Insurance Market covers insurance and guarantees supporting cross-border export transactions, particularly medium and long-term financing for capital goods and major projects. Cover in this market typically extends beyond the shorter credit periods that standard trade credit insurance addresses. Products and services within the market include medium and long-term buyer credit cover, supplier credit insurance, and guarantees provided by official export credit agencies. The market also includes the project finance risk modelling and multi-agency co-financing coordination services large transactions require. The primary buyers include exporters of capital goods and major project sponsors, and the banks financing them. Official export credit agencies, private insurers, and multilateral agencies serve as the principal providers of this cover. The market excludes short-term trade credit insurance covering receivables with credit periods under 360 days. It also excludes pure political risk cover on equity investments without an export financing component.
2. Export Credit Insurance Market Size & Forecast
3. Emerging Technologies
- Project finance risk modeling platforms are becoming standard technology for medium and long-term export credit underwriting, assessing multi-year construction and operational risk on major projects. Adoption is concentrated among agencies and insurers supporting large infrastructure and energy transactions.
- Environmental and social risk screening tools are gaining a defined role in export credit assessment, particularly for energy transition projects subject to international sustainability standards. Adoption is driven by agency mandates and multilateral coordination on sustainable finance.
- Multi-agency co-financing coordination platforms are becoming integral to structuring the mega-transactions now concentrating medium and long-term business volume. Adoption is growing as individual deals increasingly require multiple agency and private insurer participation.
- Country limit and portfolio concentration monitoring tools are moving from manual agency processes into automated systems tracking aggregate exposure across long-dated commitments.
Comparable technologies are influencing adjacent market segments in similar ways. Read more in our Political Risk Market.
4. Key Market Opportunity
A key opportunity in the Export Credit Insurance Market is the energy transition project segment, which the Berne Union identified as a primary driver of 2025's record medium and long-term volumes. Large renewable and nuclear projects, including a Baltic offshore windfarm and a UK nuclear expansion, require long-dated cover structures that traditional fossil fuel project experience does not fully address. Agencies and private insurers building energy transition specific underwriting expertise are positioning to serve this expanding pipeline. Providers that develop tailored energy transition export credit products stand to capture a segment reshaping the composition of global export finance.
5. Top Companies in the Export Credit Insurance Market
The following organisations hold leading positions in the Export Credit Insurance Market. The full report provides revenue share, SWOT analysis, and competitive benchmarking for each player.
- Euler Hermes
- UK Export Finance
- Export-Import Bank of the United States
- Nippon Export and Investment Insurance
- Atradius
- Allianz Trade
- Coface
- Marsh
6. Market Segmentation
The Export Credit Insurance Market is analysed across 5 segmentation dimensions. Revenue data, growth rates, and competitive intensity by sub-segment are available in the full report.
| Segmentation | Sub-Segments |
|---|---|
| By Tenor | Medium Term Two to Five Years Long Term Beyond Five Years |
| By Provider Type | Official Export Credit Agencies Private Insurers Lloyd's Market Capacity Company Market Capacity Multilateral Agencies |
| By Sector | Transport Energy and Energy Transition Defence Infrastructure |
| By Development Status of Buyer Market | Developed Market Transaction Developing Market Transaction |
| By Geography | North America The U.S. Canada Europe The UK Germany France Italy Spain Denmark Netherlands Finland Sweden Norway Russia Austria Poland Rest of Europe Asia Pacific China Japan India South Korea Australia Indonesia Vietnam Philippines Singapore Taiwan Thailand Rest of Asia Pacific Latin America Brazil Mexico Argentina Rest of South America Middle East and Africa GCC Countries Israel South Africa Rest of Middle East and Africa |
7. Key Market Trends (2026–2034)
Three major forces are shaping the Export Credit Insurance Market trajectory over the forecast period:
Medium and Long-Term New Business Rose 17.5 Percent to 231 Billion Dollars in 2025.The Berne Union reported medium and long-term cross-border credit cover reached new highs, rising from 197 billion dollars in 2024 to 231 billion dollars in 2025. Mega-transactions in transport, energy, and defence drove this growth, including goliath cruise ship transactions and several large energy transition projects.
Developed Market Business Exceeded Developing Market Business for the First Time.The Berne Union reported 2025 was the first year new medium and long-term business in developed markets exceeded that in developing economies. Large projects driving this shift included a colossal offshore windfarm in the Baltics and a nuclear power plant expansion in the United Kingdom.
Private Insurer Capacity Became the Defining Structural Feature of the Market.The Berne Union identified continued expansion of private medium and long-term credit deployment as the defining feature of market structure in 2025, with private insurers deploying 57 billion dollars in new commitments. This represented a 27.7 percent increase compared with 2024 private insurer activity.
For related market intelligence, see the Trade Credit Market.
8. Segmental Analysis
By Tenor, Long Term Beyond Five Years is the dominant segment because the mega-transactions driving 2025's 231 billion dollar total, including cruise ships, offshore wind, and nuclear projects, require extended repayment horizons. These large, long-dated deals concentrate the majority of medium and long-term volume. Medium Term Two to Five Years is the fastest-growing segment as private insurers deploy capacity into shorter-dated capital goods financing alongside traditional agency long-term cover.
By Provider Type, Official Export Credit Agencies remain the dominant segment by volume given their mandate-driven support for national exporters. Private Insurers is the fastest-growing segment, deploying 57 billion dollars in new commitments in 2025, up 27.7 percent year over year.
9. Regional Analysis
Regional demand patterns across the Export Credit Insurance Market reflect differences in regulation, technological maturity, and capital investment.
Largest Market Share
Europe accounted for the largest share of the Export Credit Insurance Market in 2025, holding an estimated 40.0% of the global market. Major European export credit agencies and private insurers supported the large energy transition and transport transactions driving 2025's record medium and long-term volumes. Projects including a Baltic offshore windfarm and a UK nuclear expansion concentrated substantial new business in the region. The Berne Union's coordination structure and European agency participation reinforce continued regional leadership.
Highest CAGR Region
Asia and Oceania is expected to register the highest CAGR of 8.60% during the forecast period. Growing capital goods exports and infrastructure project financing across the region are expanding demand for medium and long-term export credit cover. Private insurer capacity deployed as capital relief for banks lending into East Asia Pacific data centre buildouts is adding further regional activity. Regional export credit agencies are expanding programme capacity to support growing outbound project finance volumes.
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Frequently Asked Questions
The Export Credit Insurance Market was valued at USD 34.82 Bn in 2025 and is projected to reach USD 59.53 Bn by 2034, growing at a CAGR of 6.14% over the 2026–2034 forecast period.
The Export Credit Insurance Market is projected to grow at a CAGR of 6.14% from 2026 to 2034.
Europe accounted for the largest share of the Export Credit Insurance Market in 2025, holding an estimated 40.0% of the global market.
The leading companies in the Export Credit Insurance Market include Euler Hermes, UK Export Finance, Export-Import Bank of the United States, Nippon Export and Investment Insurance, Atradius, Allianz Trade, Coface, Marsh.
Medium and long-term new business rose 17.5 percent to 231 billion dollars in 2025.
By Tenor, Long Term Beyond Five Years is the dominant segment because the mega-transactions driving 2025's 231 billion dollar total, including cruise ships, offshore wind, and nuclear projects, require extended repayment horizons.
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