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iCON by Coface: 24/7 Data You Can Depend on to Make Risk Decisions

When it comes to business, it matters who you work with. Choosing the wrong business partner, whether it’s a supplier, customer, or key vendor, can be risky, disruptive, and costly. But how can you see the risk before it impacts your business? For 75 years, Coface has been a global leader in risk management and trade credit solutions. Building on and leveraging our risk expertise, we’re proud to announce a new business information platform designed to give global insights and risk decisions at the click of your fingers.

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Yellow’s $2.59 Billion Bankruptcy: Examining Impact and Insolvency Trends

Leaving a substantial debt of $2.59 billion in its wake, the third-largest U.S. trucking company, Yellow, made headlines in August by filing for Chapter 11 bankruptcy protection, leading to the displacement of 30,000 workers and the announcement it will cease operations.

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Coface North America Names Mark Jomaa Chief Operating Officer and Jacqui Jooste Coface Country Manager, Canada

Coface announced today Mark Jomaa has been appointed Chief Operating Officer for the North America region and Jacqui Jooste as Country Manager, Canada.
Both Mark and Jacqui bring proven track records of accomplishments which have raised the bar for customer experience in the risk management and trade credit insurance industries. Adding to the Coface North America leadership team, their work will help set a new standard for service delivery and operational excellence with North America.

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Agricultural commodities under pressure

High production costs, trade tensions and increased weather risks will continue to weigh on global agricultural production in the months ahead.
Read our outlook on the agri-food sector.

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Navigating the Economics of Agrifood in 2023 and Beyond

In partnership with the Association of Food Industries, Inc. (AFI), Coface North America Economist Ruben Nizard and Senior Risk Underwriter Derek Baldwin shared macro and micro economic outlooks for the agrifood industry in 2023, discussing the latest industry trends and ways businesses can mitigate risk to support growth using trade credit insurance.

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AM Best affirms Coface rating at A (Excellent) with a stable outlook

Global credit rating agency AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of ‘a’ (Excellent) to Coface and its main operating subsidiaries. This rating reflects the agency’s belief in the strength of Coface group’s balance sheet, operating performance, business profile, and enterprise risk management.

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7 tips for effective credit management and risk protection

Preventing delinquencies or collecting receivables immediately is critical to the survival of many companies. To help you gain insight into your own credit management and improve your business risk prevention, here are seven tips to better protect your business.

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Coface U.S. Earns Great Place to Work Certification

Coface announced today the company’s United States (U.S.) operation has been Certified™ by Great Place To Work® for the 2023. Great Place To Work Certification recognizes employers who create an outstanding employee experience.

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A further tightening of the oil market

In early April, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman announced combined oil output cuts of more than 1.1 million barrels per day (b/d), surprising the markets. This commitment follows a first production cut announced in October 2022 by OPEC+. It comes in addition of Russia's decision to cut output by around 500,000 b/d in reaction to the implementation of a EU ban on seaborne imports of Russian oil and oil products.
Read our press release here for more.

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Silicon Valley Bank’s failure highlights heightened financial stability risks amid monetary tightening

California and federal banking regulators shut down Silicon Valley Bank (SVB) and seized its deposits citing both illiquidity and insolvency. This is the 2nd largest failure of a U.S. financial institution after Washington Mutual in 2008. Read our expert's analysis of the situation.

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Coface country and sector risks handbook 2023: major trends of the world economy

Coface launches the 2023 edition of its Country & Sector Risks Handbook in a brand new format but as always with our much anticipated country and sector risk assessments.

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From excessive pessimism to excessive optimism - Coface Barometer Q4 2022

2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.

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Coface acquires North America data analytics boutique Rel8ed

Coface announces today the acquisition of North American data analytics boutique Rel8ed.

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Coface Announces Jeff Anop as Leader of Business Information in the North America Region

Coface announces Jeff Anop has been named Senior Vice President and General Manager for Business Information in the North America Region. Coface Business Information helps companies assess their vendor and customer relationships to make more informed and timely credit decisions. Business Information counterparty risk assessments include historical and forecasted financial information to predict disruptions and avoid adverse selection. These objective, expert-backed answers are used by companies around the globe every day, and also by the Coface underwriting team which makes more than 10,000 underwriting decisions daily.

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Coface announces the appointment of Stefan Matheis as leader of Global Solutions in the North American region

Coface announces the appointment of Stefan Matheis as leader of Global Solutions in the North American region

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A recession to avoid stagflation? The world economy at a crossroads

Four months after the start of hostilities in Ukraine, first lessons can be drawn.
Which countries and sectors are doing best? Which ones are going to face major difficulties?
Read the forecasts from our Q2 Barometer now.

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CEE company insolvencies on the rise

Various economic conditions, support measures and legal changes have affected insolvency trends in the Central and Eastern Europe region over the last two years.

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Medium & long-term knock-on effects of the war in Europe on global sectors trends: will there be resilient sectors?

In the short run, all sectors for which Coface publishes sector risk assessments in six regions worldwide will be impacted by the knock-on effects of Russia’s invasion of Ukraine. Which ones would be the most resilient sectors? Read our full study now!

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Coface China Corporate Payment Survey: Increasing risks in supply chain disruptions and rising raw material prices

Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.

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War in Ukraine: Many (big) losers, few (real) winners

More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end to the conflict.

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