What's new

Coface confirms its very good start to the year with first-half net income of €128.8m

Over the past quarter, Coface’s results amounted to €68m, a high level reflecting good management of the higher loss experience and tight cost control, with a combined ratio of 65.5% under the new IFRS 17 accounting standards.

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Towards more predictive risk management with Data Science

Coface uses advanced Data Science technologies such as Artificial Intelligence, Machine Learning and predictive analysis to better anticipate commercial risks for the benefit of its customers.
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El Niño, a threat to global agriculture

The El Niño weather phenomenon, which is due to return in the 2nd half of 2023, is set to amplify the effects of climate change. Coface's forecasts point to major uncertainties for certain agricultural commodities (cereals, sugar, palm oil, citrus fruit) in the medium term, and significant risks for food security in certain regions of the world. Read our press release here.

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Transport sector: Recovery takes hold for air transport

While the global macroeconomic outlook remains uncertain, the transport sector has recorded the highest number of risk assessment upgrades in the latest Coface barometer.
Read our expert's analysis now.

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Asia: companies experience fewer payment delays in our latest Survey

The Asia Corporate Payment Survey provides insights of about 2,300 companies across the Asia Pacific region. Asian companies experience fewer payment delays and are rather optimistic despite multiple headwinds ahead.

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"Debt against nature": Coface provides reinsurance in largest deal in history!

Coface participated in the reinsurance of the financial package for the Marine conservation project of Galapagos islands in Ecuador, which is the largest debt swap to benefit the preservation of biodiversity.
Learn more about it.

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How Coface uses advanced Data Science to help businesses

Artificial intelligence, massive data analysis, Machine Learning, predictive analytics and modeling, Deep Learning and Image Processing… Coface employs a whole lot of advanced Data Science technologies to design new solutions for its clients.

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Agricultural commodities under pressure

High production costs, trade tensions and increased weather risks will continue to weigh on global agricultural production in the months ahead.
Read our outlook on agro-food sector

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Energy sector: outlook and opportunities in our latest podcast

Highlights from a new episode of the "Trade Talk" podcast with our chief economist Jean-Christophe Caffet, and Marc-Antoine Eyl-Mazzega, Director of the Energy & Climate Center at IFRI.

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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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Lost illusions and great expectations in our latest Country and sector risks Barometer

The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers were expecting. The 1st half of the year has reinforced some of our convictions... Read them and our economists' forecasts now.

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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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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 Jean-Christophe Caffet, Coface Chief Economist, on the subject in the Lettre du Trésorier.

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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.
As the deadline approaches and a political comprom Janet Yellen recently warned that the US could run out of cash as early as June 1st if Congress does not suspend or raise the debt limit. As a reminder, the debt ceiling is set at 31.4 trillion USD, an amount reached in January 2023. Since then, the federal government has relied to "extraordinary measures" to meet its obligations.

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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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Five top economic trends you’ll want to watch in the US

Ruben Nizard, economist at Coface North America, has identified five major economic trends to watch in the United States.

> Discover the analysis

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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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