Established in 1946, Coface is one of the three largest credit insurance companies in the world with headquarters in Paris.
The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2012, the Group posted a consolidated turnover of 1.6 billion Euros. 4,400 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 158 countries, based on its unique knowledge of companies' payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors.
In France, Coface manages export public guarantees on behalf of the French state.
Coface is a subsidiary of Natixis, corporate, investment management and specialised financal services arm of Groupe BPCE.
Coface, branch in Singapore supports the development of domestic and international trade through the provisions of credit insurance, which helps protect companies and banks against the risk of default by customers. Coface offers whole turnover, single and political risk insurance, to provide a comprehensive cover for both commercial and political risks.
In Singapore, Coface also participates in various government schemes to support Singapore companies. Since 2008, Coface is the leading underwriter of the Loan Insurance Scheme (LIS). Introduced by the Singapore government to help companies cope with the economic downturn, this scheme helps Singapore companies secure their short term financing lines by getting them insured against insolvency risks, with the government support on a portion of the insurance premium.
Coface has been participating since 2011 in the Trade Credit Insurance Scheme (TCIS) introduced by International Enterprise (IE) Singapore. This scheme provides a 50% of the premium subsidy for qualified companies that purchase trade credit insurance.
Coface, 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.