Coface’s Post

⚠️ Political risk: what impact will it have on your #business? "After more than 70 years of peace, political risk has been back in the forefront, in various forms, and has punctuated the agenda of many countries in recent years. These risks are clearly on the increase, notably due to the reshaping of the world order and the climate emergency, two major sources of uncertainty and instability for the years to come." Ruben Nizard, North America Economist and Head of Political Risk at Coface. ·   What are the 4 major #political risks? ·   How does Coface identify these #risks? ·   How can you protect your #company effectively? 👉 We tell you all about it on https://lnkd.in/enea6AbS

📢 Henri BOURNY, Customer to Cash Director at Dassault Systèmes, talks about his experience with Coface! As a #client of Coface's Business Information (BI) services, Dassault Systèmes benefits from a comprehensive suite of solutions in order to effectively manage their #commercial #risks and #secure the development of their business. Henry Bourny shares why he recommends Coface's BI services. "Coface's Business Information offer scalable solutions, expert teams with an innovative spirit to transform the finance function” 👉 Find his full #interview at https://lnkd.in/e__2H3E7

Focus #China 2023: more companies granted #payment terms but over shorter average durations. "2023 was the year when economic activities generally normalised from the pandemic. The same went for corporate business practices regarding payment terms. As market competition and practices returned to normal, more companies took the initiative to grant payment terms." explains Junyu Tan, Coface North Asia Economist. Nevertheless, #companies remain cautious and are proposing tighter payment terms. Indeed, even if they are shorter, #delayed payments are on the rise: 62% in 2023, compared with 40% in 2022. 👉 Find out more in our #survey: https://lnkd.in/d4MSsYpr

📢 5 common misconceptions about trade #credit #insurance! "Credit insurance costs too much and doesn't cover my needs." "Managing credit risk slows down my #business development, and I have financial reserves in case of #unpayment..." Have you ever had one of these thoughts? Reviewing certain stereotypes about credit insurance can be useful, all the more so in an environment where #sinistrality is accelerating, and the risk of doubtful #debts is increasing. 👉 Understand why credit insurance is essential to #protect your business: https://lnkd.in/eGQqtf4y

🚨 2024 seems set to be another difficult year for the #construction and real estate sectors. Particularly sensitive to market trends, these two sectors are going through a period of severe #tension, both on the #residential and #commercial fronts. The residential market is facing a double constraint: supply is more expensive (labour shortages, rising raw material prices), and demand is falling (due to rising interest rates). In commercial real estate, the spread of homeworking has led to a drop in demand for office space, and high interest rates are slowing the number of transactions. 👉 Access the detailed analysis of our #economists at https://lnkd.in/esXXG9GR

🎉 In honor of #InternationalWomenDay, we asked a few Coface leaders how they inspire #inclusion. Oscar Villalonga, CEO for the North America Region, believes inclusion cannot happen by accident. DE&I ambitions must be run like any other business objective with metrics, benchmarks, and close monitoring.   Hear more from Oscar, including tips he's learned and adopted, that can help build a more inclusive workforce: https://lnkd.in/eXgrmi3r Happy day to all #women around the world! 😊 👉 Find out more about Coface's #CSR #commitments at https://lnkd.in/eRYd74WR

📢 Coface launches its new 2024-2027 strategic plan: Power the Core! The objective? Develop a global ecosystem of reference for #credit #risk management. The new plan will deepen and broaden the quality of Coface’s franchise: ➡ Reach #data and #technology excellence ➡ Deepen and broaden Coface’s historical Trade Credit Insurance (#TCI) franchise ➡ Grow profitably Business Information services at double digit growth rate ➡ Leverage its unique culture of a human-sized multinational with a strong commitment to #sustainability “Our new plan Power the Core aims at building upon our strengths and our employees’ commitment and expertise in order to accelerate our transformation. We will in particular deliberately invest in data and technology, for our Trade Credit Insurance and our Business Information services. We will further reinforce our leadership in credit insurance while pursuing a double-digit profitable growth in information services.” Xavier Durand, Chief Executive Officer. 👉 Find more information about our new #strategic #plan at https://lnkd.in/ee6vTD6F

📢 Coface achieved a solid #performance in 2023! Despite a volatile environment, we successfully completed our ‘Build to Lead’ #strategic #plan, with all the objectives achieved or even exceeded. Throughout 2023, we had a positive commercial momentum with the launch of several new #solutions, a proven #service quality with a record retention rate of 93.1%, all supported by a reinforced #CSR engagement and a strengthened financial solidity. None of this would have been possible without the #commitment and hard work of our colleagues around the world. Thank you and congratulations to all the Coface teams! 😊

📢 Coface achieved a net income of €240.5m in 2023. “Coface delivered another strong year in a volatile and relatively weak global economic environment in 2023. Our turnover rose +6.0% at constant FX over the year due to an excellent first half, client retention which remained at record highs and an increase of service revenues.” Xavier Durand, Chief Executive Officer. Congratulations to all Coface #colleagues for their #commitment! 👉 Find all the details of our #results at https://lnkd.in/d__YGM3d

Despite a #volatile #economic environment that is negatively impacting credit insurance, our #turnover rose by +6.0% in 2023. "Annual net income was stable at €240m thanks to an excellent underwriting margin. In an increasingly uncertain environment, Coface’s teams confirmed their dedication to and their high level of expertise at the service of our clients.” Xavier Durand, Chief Executive Officer. 📅 See you on March 5 for the presentation of our new 2024-2027 #strategic #plan! 👉 For more information about our #results, visit https://lnkd.in/d__YGM3d