What's new

Is the "insolvency paradox" nearing its end?

Should we expect a widespread rise in claims and corporate insolvencies? Jean-Christophe Caffet, Coface Chief Economist, provides some answers.

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What are the essential insurances for any business (according to Forbes)?

It comes as no surprise for us, Forbes magazine lists credit insurance as a must-have for all businesses.

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Recession, inflation, Ukraine, China, monetary policy... 2023 as seen by Jean-Christophe Caffet, Coface Chief Economist

The French media Wansquare asked a panel of economists and leaders of large companies to give their forecasts for 2023. Read the answers Jean-Christophe Caffet, Chief Economist at Coface, gave them.

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China reopening has a positive but gradual impact on consumption

China has started its reopening process faster than expected. The economic, social, and fiscal costs of the zero-covid policy have created many uncertainties for the economy. Here is our forecast for 2023.

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Netherlands Outlook 2023: It Ain’t Over ‘Til it’s over

Our NER economist Christiane von Berg shares her forecast for 2023 in the Netherlands.

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Fitch confirms Coface AA- rating

The rating agency Fitch, on 23 November 2022, affirmed Coface AA- Insurer Financial Strength (IFS) rating. The outlook remains stable.

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What is the outlook for the semiconductor industry with its proven economic and geostrategic importance?

In the medium and long term, the technological competition between the main economies in semiconductor manufacturing raises concerns: oversupply, mismatch between industry needs and the ability of supply chains to follow... Understand here the challenges of the sector.

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Auto industry on front line of transition to carbon neutrality

The battle for leadership and innovation in metals and technologies is raging, and the global stakeholders have embarked on a fierce competition. More in our article.

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Lithium: large-scale industrial opportunities but limited medium-term supply

With the conversion to electric vehicles under greater scrutiny than ever, lithium is making its mark as a strategic raw material of vital importance.

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Coface reports a new record result of €84.0m in Q3-2022

Coface reports a new record result of €84.0m in Q3-2022. Annualised return on tangible equity at 16.4%

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Social unrest set to rise as socio-economic pressures mount around the world

While the sources of economic uncertainty are legion, new political disturbances could be added to their ranks. The new geopolitical landscape opened up by Russia's actions could reawaken risks in other global hot spots.
More about those hot regions and countries.

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A cold chill on the global economy - Q3 2022 Barometer

Beyond the repercussions of the war in Ukraine, the global monetary tightening and the multiple constraints on Chinese growth paint a gloomy outlook. In the short term, the economy seems to be settling into a regime of "stagflation", where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.
In this context, Coface is making general downward revisions to its GDP growth forecasts and its country and sectoral assessments. Check them out!

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Moody’s affirms Coface’s ratings, changes outlook to positive

The rating agency Moody’s, on 11th October 2022, has confirmed the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface at A2. The agency has also changed the outlook for Coface to positive from stable.

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Coface increases its support to the financing & implementation of ESG projects through Single Risk solutions

Coface has decided to increase its support to the financing and implementation of long-term ESG projects by providing Single Risk insurance solutions more widely.

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COFACE SA announces the success of its debt management exercise

COFACE SA successfully completed the repurchase of subordinated and guaranteed bonds issued in 2014 and will issue Eur 300 million new Tier 2 subordinated bonds.

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Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis

The impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.
Christiane von Berg, our economist for the Northern Europe region, details the payment terms and expectations of companies in Germany.

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Alina Popa appointed new Country Manager of Coface Romania

Coface Romania has a new Country Manager as of August 1st. Alina Popa takes over the management of the company from Eugen Anicescu who held this position since 2016. The appointment from within the organization reconfirms the solidity of the local team and its potential to strengthen the Coface brand.

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Coface confirms its excellent start of the year with first-half net income of €144.4m

Coface confirms its excellent start of the year with first-half net income of €144.4m. Annualised return on tangible equity at 15.4%. Turnover for the first half of the year: €895m, up 14.6% at constant FX and perimeter and up 16.5% on a reported basis.

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Coface uses blockchain to certify its press releases and financial communications

Coface is now using Wiztrust, the information certification platform designed by Wiztopic, to secure its communications.

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Jun Minorikawa appointed as Japan Country Manager

Coface announces the appointment of Jun Minorikawa as Japan Country Manager effective as of today. In addition to the management and development of Coface’s branch in Japan, Jun will be in charge of further expanding the portfolio of Japanese Multinationals clients globally.

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