Worldwide leader in credit insurance
Credit insurance, an effective financial risk management tool, safeguards your company against losses sustained arising from non-payment of trade debts. It not only ensures that your company is not adversely or severly affected by the unforeseen failure of one or more customers; it is also a management tool for assisting you in making risk decisions.
Coface provides trade credit insurance to help companies manage their customer credit risk. Whatever its form, domestic, export, global, specific or excess of loss, trade credit insurance protects companies and banks against the risk of payment default by customers.
Coface offers Whole Turnover Policy, Single Risk and Political Risk Covers to provide comprehensive cover for both political and commercial risks. Coface credit insurance covers risks for domestic and/or export sales.
Trade Credit Insurance Scheme (TCIS)
Singapore companies are eligible to apply for premium support under the Trade Credit Insurance Scheme (TCIS) by IE Singapore. Find out more here.
How is coface different?
Global network - With direct presence in 66 countries, Coface provides local services to customers in more than 100 countries
Standardised policy and services - Single policy wording of 'Globalliance' contract ensures standardised services for multinational groups and banks
Full collection services - Debt collection services are included as part of your contract, to save you additional costs
Online contract management system - 'Cofanet': Manage your trade receivables through a single access to a secure environment whenever you are in the world
Dedicated risk underwriters - A team of expert underwriters reviews and monitors the risk of each of your buyers
Personalised service - Personal service provided by our customer relationship team, and access to decision makers
Improved transparency and access - View all your customers' credit opinions and scores via Cofanet. We will communicate any reassessment of our opinions, and you can submit relevant new information at any time.
Flexibility - A hassle free way to arrange your own credit terms, which will save you time and minimise paperwork.
Check out our short presentation to know all about credit insurance