What is Coface credit insurance?
Coface Credit Insurance protects businesses from bad debt caused by a customer's insolvency or payment default. It safeguards cash flow. So should the worst happen and non-payment occurs credit insurance will replace the cash, safeguarding the future of the company.
What does Coface stand for?
COFACE stands for Compagnie Française d'Assurance pour le Commerce Extérieur. COFACE was the export credit agency for France since its foundation in 1946. It also offers private credit insurance globally.
What is the Coface risk assessment?
The Coface Debtor Risk Assessment measures the probability that a company will default over a 12 month period, helping you determine whether a customer is an acceptable or a high risk.
What is credit insurance and how does it work?
Transferring risk away from the business and over to an insurer, credit insurance protects the policyholder in the event of a customer becoming insolvent or failing to pay its trade credit debts. Not only this, but insurers can actually help to reduce the risk of financial loss through credit management support.