Commercial insurance segment emerges as a market leader with a revenue share of nearly 85% due to increasing commercial credits
The most basic element of a business transaction is the commercial credit, as it is an effective tool to attract new customers and maintain the existing customer base. Commercial credit accounts for more than 20% of the assets mentioned on a company’s balance sheet, as majority of the commercial transactions occur on credit basis. Thus, companies offering huge commercial credit face severe risk of delayed payments and defaults. This is a crucial factor that is fuelling the growth of commercial insurance segment in the Europe market.
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The most basic element of a business transaction is the commercial credit, as it is an effective tool to attract new customers and maintain the existing customer base. Commercial credit accounts for more than 20% of the assets mentioned on a company’s balance sheet, as majority of the commercial transactions occur on credit basis. Thus, companies offering huge commercial credit face severe risk of delayed payments and defaults. This is a crucial factor that is fuelling the growth of commercial insurance segment in the Europe market.
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