This portal offers Coface’s customers a complete suite of API solutions developed by Coface to enable them to integrate its services, expertise and unique data directly into their business ecosystem.
This initiative illustrates Coface's willingness to provide higher connectivity to its customers via advanced digital solutions designed to optimise credit risk management.
All the News
The latest Coface Romania study shows that in H1 2023, 3,358 new insolvency proceedings were opened, down by 4% compared to the same period of last year. A decrease is also seen in the case of losses caused by companies entering insolvency in the first semester of 2023, by approximately 26% compared to H1 2022, to almost 2.2 billion lei. The number of insolvent companies with a turnover of more than EUR 0.5 million decreased from 164 companies to 154.Read More
In contrast to last year, the latest edition of Coface’s survey on corporate payment experience in Germany was not affected by special events like the COVID-19 pandemic or the onset of the war in Ukraine and the resulting price pressures of commodities.Read More
Coface uses advanced Data Science technologies such as Artificial Intelligence, Machine Learning and predictive analysis to better anticipate commercial risks for the benefit of its customers.
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The El Niño weather phenomenon, which is due to return in the 2nd half of 2023, is set to amplify the effects of climate change. Coface's forecasts point to major uncertainties for certain agricultural commodities (cereals, sugar, palm oil, citrus fruit) in the medium term, and significant risks for food security in certain regions of the world. Read our press release here.Read More
While the global macroeconomic outlook remains uncertain, the transport sector has recorded the highest number of risk assessment upgrades in the latest Coface barometer.
Read our expert's analysis now.
The Asia Corporate Payment Survey provides insights of about 2,300 companies across the Asia Pacific region. Asian companies experience fewer payment delays and are rather optimistic despite multiple headwinds ahead.
Coface participated in the reinsurance of the financial package for the Marine conservation project of Galapagos islands in Ecuador, which is the largest debt swap to benefit the preservation of biodiversity.
Learn more about it.
Artificial intelligence, massive data analysis, Machine Learning, predictive analytics and modeling, Deep Learning and Image Processing… Coface employs a whole lot of advanced Data Science technologies to design new solutions for its clients.Read More
The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers were expecting. The 1st half of the year has reinforced some of our convictions: no, inflation will not spontaneously and painlessly return to its 2% target in developed countries; no, central banks will not "pivot" between now and the end of the year; and no, the mere lifting of health restrictions will not enable China to play the role of relay engine for the global economy.Read More
2023 Coface China Corporate Payment Survey: companies report shorter payment delays in 2022 and expect higher economic growth in 2023
Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. Fewer companies faced ultra-long payment delays (ULPDs).
On May 11, the Bank of England (BoE) decided to raise its key interest rate for the 12th time in a row, bringing it to 4.5%. At its latest meeting, the BoE stated that it would stay the course to ensure that inflation returned to 2%, and did not rule out further hikes if there are signs of persistent inflation. The latest figures show a slowdown in headline inflation, from 10.1% in March to 8.7% in April, but core inflation reached its highest level in 30 years.
Read our press release to learn more.
Janet Yellen recently warned that the US could run out of cash as early as June 1st if Congress does not suspend or raise the debt limit. As a reminder, the debt ceiling is set at 31.4 trillion USD, an amount reached in January 2023. Since then, the federal government has relied to "extraordinary measures" to meet its obligations.Read More
COFACE SA: AM Best affirms Coface’s main operating subsidiaries rating at A (Excellent) with a stable outlook
The rating agency AM Best affirmed on 19 May 2023 the A (Excellent) Insurer Financial Strength – IFS rating of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings remain “stable”.Read More
United Kingdom: Corporate insolvencies are going from zero to a hundred after end of government support measures
• In 2022, around 23,400 companies went bankrupt in the UK, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis.
• The rapid rise in insolvencies came after 2 years of low level of insolvencies.
• The increase was centralised around smaller companies and has mainly been driven by creditor’s voluntary liquidations. Insolvencies in larger companies were still below their 2019 level.
The current economic situation can lead to major cash flow problems in many companies. Preventing delinquencies or collecting receivables immediately is critical to the survival of these businesses.
To help you gain insight into your own credit management and improve your business risk prevention, here are 7 tips to better protect your business:
Corporate insolvencies in Central & Eastern Europe (CEE) increased in 2022 due to high prices when it comes to energy, inputs, series of prompt interest rate hikes, the highest inflation in decades and the uncertainty related to the war in Ukraine.
Eight countries experienced a higher number of insolvencies (Bulgaria, Croatia, Hungary, Latvia, Lithuania, Poland, Romania and Serbia), and four countries recorded a decrease (Czech Republic, Estonia, Slovakia and Slovenia).
After a drop in insolvencies in 2020, proceedings increased in 2021 and accelerated in 2022.