Coface supports the development of domestic and international trade through the provisions of credit insurance, protecting companies and banks against the risk of payment default by their customers. 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 2008, Coface is the leading 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.
Coface’s branch in Singapore was established as a representative office in 1995 and obtained a credit insurance license from the Monetary Authority of Singapore (MAS) to operate as a branch office in 2002.