We recently blogged about trade credit insurance, on the heels of a new report released by Grandview Research Inc., stating that the trade credit insurance market is projected to be worth $22.13 billion USD by 2030.

You may have seen the term trade credit insurance in the financial news lately, and here’s the reason why: A report was recently released by Grand View Research Inc, stating that the global trade credit insurance market is anticipated to reach a whopping $22.13 billion USD by 2030.

Bankruptcies are still on the rise, and it makes sense: After things started to open up again post-pandemic and CERB payments ceased, businesses have had to deal with the ensuing financial whiplash, compounded by a comparatively slow trickle of customers returning to the life offline.

As a business owner, you have a lot to think about. From managing employees to finding new customers, there is always something that needs your attention.

If you’ve even so much as glanced at a newspaper or flicked on the evening news lately, you’re likely aware of the current state of the economy - and it’s not a good one.

If you’re a business owner, chances are you’ve likely had your eyes and ears tuned to the changes in the Canadian economy and rising interest rates. Unfortunately, the projection for the market this year is not good.