What's new

Coface launches Alyx, a new all-in-one credit management platform

Coface announces the launch of a new digital trade credit risk management platform for its policyholders. Named Alyx, it allows Coface's customers to automate and centralize their credit risk management from lead to cash.

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To hike or not to hike? Bank of England’s great dilemma

On May 11, the Bank of England (BoE) decided to raise its key interest rate for the 12th time in a row, bringing it to 4.5%. At its latest meeting, the BoE stated that it would stay the course to ensure that inflation returned to 2%, and did not rule out further hikes if there are signs of persistent inflation. The latest figures show a slowdown in headline inflation, from 10.1% in March to 8.7% in April, but core inflation reached its highest level in 30 years.
Read our press release to learn more.

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Coface pledges to shrink its carbon footprint

Coface has set clear social and environmental responsibility (CSR) goals, especially for direct and indirect greenhouse gas emissions, with the first milestone in 2025.

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Coface records a very good start to the year with a net income of €61.2m

Coface releases its Q1-2023 financial results: a very good start to the year with a net income of €61.2m.

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Companies in China report shorter payment delays in 2022 and expect higher economic growth in 2023

Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.

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Decreasing inflation, decreasing margins?

While one might have expected that the sharp rise in commodity prices over the past two years would have lowered corporate margins, the opposite has occurred: since the end of 2020, the margin rate of non-financial companies has risen by more than one point in the euro zone. Read the article by our Chief Economist Jean-Christophe Caffet.

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US: Economic resilience could be further tested by a debt ceiling showdown

The United States could run out of cash as early as June 1 if Congress does not suspend or raise the debt ceiling.

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COFACE SA: AM Best affirms Coface’s main operating subsidiaries rating at A (Excellent) with a stable outlook

The rating agency AM Best affirmed on 19 May 2023 the A (Excellent) Insurer Financial Strength – IFS rating of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings remain “stable”.

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How has Coface managed and mitigated the impacts of Russia-Ukraine conflict in 2022?

Learn more about how Coface has adapted to the conflict and handled the situation to reduce its risks and protect its clients.

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7 tips for effective credit management and avoid business risks

Preventing delinquencies or collecting receivables immediately is critical to the survival of many companies. To help you gain insight into your own credit management and improve your business risk prevention, here are 7 tips to better protect your business.

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United Kingdom: Corporate insolvencies are going from zero to a hundred after end of government support measures

In 2022, around 23,400 companies went bankrupt in the United Kingdom, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis “GFC”.

Read our analysis of this rapid rise in insolvencies.

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Reopening of China carries risks and opportunities - New podcast episode

Two experts from Coface reveal the risks and opportunities of China for businesses, in light of tumultuous current events.

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Numerous challenges for companies in CEE result in an increased number of insolvencies

Corporate insolvencies in Central & Eastern Europe increased in 2022 due to high prices when it comes to energy, inputs, series of prompt interest rate hikes, the highest inflation in decades and the uncertainty related to the war in Ukraine.
Read our analysis and download our full study.

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Our clients trust us: Denmaur renews and extends its long-term policy

Good response times, risk underwriting expertise, collaborative approach… Denmaur, one of the UK’s leading paper suppliers, recently renewed its credit insurance agreement with Coface, a long-term partner.

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A further tightening of the oil market

In early April, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman announced combined oil output cuts of more than 1.1 million barrels per day (b/d), surprising the markets. This commitment follows a first production cut announced in October 2022 by OPEC+. It comes in addition of Russia's decision to cut output by around 500,000 b/d in reaction to the implementation of a EU ban on seaborne imports of Russian oil and oil products.
Read our press release here for more.

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Coface x Rel8ed: “Nowadays, Data Science is a key component of Risk Management”

Recently acquired by Coface, Rel8ed is a specialized data analytics boutique, which develops innovative solutions leveraging Big Data and AI. How can our trade credit insurance and Business Information clients benefit from the pooling of expertise? Bob Lytle, General Manager and founder of Rel8ed, shares more here.

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The agreement on cereal shipments in the Black Sea will not be enough to solve all the challenges of the agri-sector in 2023

Although the agreement concerning the cereals transit in the Black sea has contributed to ease the pressure on cereals supply, its effects are limited and grey areas on the food security of many countries persist.

> Read our analysis.

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Appointment of Grishma Kewada as Coface country manager for Singapore

Coface is pleased to announce the appointment of Grishma Kewada as Country Manager for Singapore effective April 1st 2023.

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Coface celebrates its 100th anniversary in Germany

Coface Germany celebrates its 100th birthday! The company was founded in March 1923 in Mainz on the initiative of Isaac Fulda, a local banker.
To mark this milestone, Coface is looking back on its history in the country.

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Silicon Valley Bank’s failure highlights heightened financial stability risks amid monetary tightening

California and federal banking regulators shut down Silicon Valley Bank (SVB) and seized its deposits citing both illiquidity and insolvency. This is the 2nd largest failure of a U.S. financial institution after Washington Mutual in 2008. Read our expert's analysis of the situation.

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