COMPAGNIE FRANCAISE D’ASSURANCE POUR LE COMMERCE EXTERIEUR (COFACE)
Coface, a world-leading credit insurer, offers 50,000 companies around the globe solutions to protect them against the risk of financial default of their clients, both on their domestic and export markets. The Group, which aims to be the most agile global credit insurer in the industry, is present in 100 countries, employs 4,300 people, and posted consolidated turnover of €1.411 billion in 2016. Coface publishes quarterly country and sector risk assessments based on its unique knowledge of companies’ payment behavior and on the expertise of its 660 underwriters and credit analysts located close to clients and their debtors.
Coface was established in Singapore as a representative office in 1995 and obtained a credit insurance licence from the Monetary Authority of Singapore (MAS) to operate as a branch office in 2002. Coface offers whole turnover, single and political risk insurance, providing a comprehensive cover for both commercial and political risks. Coface in Singapore also participates in various government schemes to support Singapore companies.
Since 2004, Coface is the lead underwriter of the Loan Insurance Scheme (LIS). Coface has been participating since 2011 in the Trade Credit Insurance Scheme (TCIS) introduced by the International Enterprise (IE) Singapore.
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