All the News
Companies in China 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. More information here and in our publication.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 United Kingdom, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis “GFC”.
Read our analysis of this rapid rise in insolvencies.
Five top economic trends you’ll want to watch in the US
Ruben Nizard, economist at Coface North America, has identified five major economic trends to watch in the United States.
> Discover the analysis
Reopening of China carries risks and opportunities - New podcast episode
Two experts from Coface reveal the risks and opportunities of China for businesses, in light of tumultuous current events.Read More
Numerous challenges for companies in CEE result in an increased number of insolvencies
Corporate insolvencies in Central & Eastern Europe 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.
Read our analysis and download our full study.
Coface x Rel8ed: “Nowadays, Data Science is a key component of Risk Management”
Recently acquired by Coface, Rel8ed is a specialized data analytics boutique which develops innovative solutions leveraging Big Data and AI. How can our trade credit insurance and Business Information clients benefit from the pooling of expertise? Bob Lytle, General Manager and founder of Rel8ed, shares more here.Read More
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.
Our clients trust us: Denmaur renews and extends its long-term policy
Good response times, risk underwriting expertise, collaborative approach… Denmaur, one of the UK’s leading paper suppliers, recently renewed its credit insurance agreement with Coface, a long-term partner.Read More
The agreement on cereal shipments in the Black Sea will not be enough to solve all the challenges of the agri-sector in 2023
Although the agreement concerning the cereals transit in the Black sea has contributed to ease the pressure on cereals supply, its effects are limited and grey areas on the food security of many countries persist.
> Read our analysis.
FY-2022 results: record net income at €283.1m and 80% pay-out ratio
Coface releases its FY-2022 results: record net income at €283.1m and 80% pay-out ratioRead More
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.Read More
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.Read More
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.Read More
What are the essential insurances for any business (according to Forbes) ?
It comes as no surprise for us, Forbes magazine lists credit insurance as a must-have for all businesses.Read More
Industry testimony - Aebi Schmidt relies on flexibility in crises
In light of the current times of crisis, the Swiss industrial group Aebi Schmidt has accelerated its decision-making processes.Read More
Political instability increases economic risks
World trade is increasingly exposed to risks due to a state of flux in the world order.Read More
Coface assesses Swiss risks in a global context
The Swiss economy is proving resilient to the current crises, but it is not an island.Read More
A cold chill on the global economy - Q3 2022 Barometer
Beyond the repercussions of the war in Ukraine, the global monetary tightening and the multiple constraints on Chinese growth paint a gloomy outlook. In the short term, the economy seems to be settling into a regime of "stagflation", where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.
In this context, Coface is making general downward revisions to its GDP growth forecasts and its country and sectoral assessments. Check them out!
Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis
The impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.
Christiane von Berg, our economist for the Northern Europe region, details the payment terms and expectations of companies in Germany.
Coface Switzerland – a new office in Zürich
Coface Switzerland is pursuing its commercial and cultural transformation to serve you better.Read More