Sinosure 2024 Annual Report: Over USD 1 Trillion Insured, Focus on Expanding SME Access
Sinosure's 2024 annual report revealed record-breaking performance, with total insured trade exceeding USD 1.02 trillion. More importantly for Canadian importers, the report outlined strategic priorities for 2025 that include expanding access for small and medium-sized exporters, cross-border e-commerce sellers, and manufacturers shipping to North America.
Record Coverage in 2024
The USD 1.02 trillion in insured trade represents Sinosure's largest annual coverage to date, reflecting both the scale of China's export economy and the growing adoption of trade credit insurance among Chinese suppliers. This milestone demonstrates the institutional capacity and financial backing that makes Sinosure the world's largest export credit insurer.
Key 2024 Metrics
- •USD 1.02 trillion in total insured trade value
- •Thousands of new SME suppliers enrolled in export insurance programs
- •North American markets accounted for significant portion of insured shipments
- •Cross-border e-commerce emerged as fastest-growing coverage segment
Strategic Focus: SME Expansion in 2025
The 2024 report emphasized Sinosure's commitment to expanding access for small and medium-sized enterprises in 2025. Historically, export credit insurance was primarily available to large manufacturers with established international trade relationships. The new strategic direction aims to democratize access, making insured payment terms available to smaller suppliers.
This shift is particularly relevant for Canadian importers who work with specialized manufacturers or niche product suppliers. Many of these smaller factories previously couldn't offer extended payment terms due to limited financial resources. With Sinosure coverage, they can now compete on payment flexibility.
What SME Expansion Means for Buyers
More Supplier Options
As more SME suppliers gain access to Sinosure coverage, Canadian importers have a wider selection of factories that can offer 90-120 day payment terms. This is especially valuable for businesses sourcing specialized products or custom manufacturing.
Competitive Pricing
When smaller suppliers can offer insured terms, they become more competitive with larger manufacturers. This increased competition often translates to better pricing and more flexible minimum order quantities for buyers.
Faster Innovation
SME manufacturers are often more agile and willing to develop custom products or adapt to buyer specifications. With payment term flexibility, Canadian importers can work with innovative suppliers without cash flow constraints.
Cross-Border E-Commerce Integration
The 2024 report highlighted cross-border e-commerce as a strategic growth area. Sinosure is developing specialized insurance products for suppliers selling through platforms like Amazon, Shopify, and other international marketplaces. This integration makes it easier for e-commerce sellers to access extended payment terms from Chinese suppliers.
For Canadian e-commerce businesses, this means improved cash flow management. Instead of paying suppliers upfront and waiting for marketplace payouts, sellers can align supplier payments with their own revenue cycles using 90-120 day terms.
North American Market Priority
The annual report specifically identified North American markets as a priority destination for insured shipments. This strategic focus reflects the strong trade relationship between China and Canada/US, as well as the creditworthiness profile of North American buyers.
Canadian importers benefit from this prioritization through faster credit approval processes and higher credit limits compared to buyers in some other regions. Sinosure's familiarity with Canadian business practices and legal frameworks makes the registration process more streamlined.
Why This Matters for Canadian Importers
Improved Approval Odds: Sinosure's strategic push to expand SME access means more suppliers are enrolling in insurance programs. This increases the likelihood that your current or prospective suppliers can offer insured payment terms.
Higher Credit Limits: With record coverage capacity, Sinosure has more flexibility to approve higher credit limits for qualified Canadian buyers. This allows you to scale order volumes without hitting payment term constraints.
Simplified Process: The focus on North American markets means Sinosure has refined its processes for Canadian buyer registration. Documentation requirements are well-established, and approval timelines are predictable.
Long-Term Stability: The USD 1.02 trillion in insured trade demonstrates Sinosure's financial strength and institutional backing. Canadian importers can rely on this coverage for long-term supply chain planning.
Taking Action
To benefit from Sinosure's expanded capacity and SME focus, Canadian importers should complete Buyer ID registration as soon as possible. The registration process involves submitting business documentation and financial statements for credit review.
Once approved, your Buyer ID and credit limit can be used with any Sinosure-enrolled supplier, whether they're a large manufacturer or a specialized SME. This flexibility allows you to diversify your supplier base while maintaining consistent payment terms.