Political instability increases economic risks
World trade is increasingly exposed to risks due to a state of flux in the world order. Highlights from Stefanie Walter.
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Coface assesses Swiss risks in a global context
The Swiss economy is proving resilient to the current crises, but it is not an island. At our Country Risk Conference, we explored the background to the downgrading of Switzerland and informed on global risk scenarios.
Fitch confirms Coface AA- rating
The rating agency Fitch, on 23 November 2022, affirmed Coface AA- Insurer Financial Strength (IFS) rating. The outlook remains stable. Fitch has also affirmed Coface SA's Long-Term Issuer Default Rating (IDR) at 'A+', with a stable outlook.
Appointment of Jean-Christophe Caffet as Coface Chief Economist
Coface announces the appointment of Jean-Christophe Caffet as Chief Economist, effective as of today. He reports to Thibaut Surer, Director of Strategy and Business Development of the Coface Group.
Moody’s affirms Coface’s ratings, changes outlook to positive
In its press release, Moody’s highlights that this rating reflect “Coface strong capitalisation, good profitability and limited exposure to Russia. Coface has consistently maintained a group’s solvency ratio above 190% since 2020 and the ratio has a low sensitivity to financial and macroeconomic shocks. This low sensitivity was reinforced by recent improvements in the group’s asset quality.”
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Coface has reiterated its commitment to environmental and social responsibility. This includes aspects such as business ethics and compliance as a basis but entails also employees’ development and engagement, the consideration of environmental concerns and the inclusion of ESG criteria at the core of the business.
Coface increases its support to the financing & implementation of ESG projects through Single Risk solutions
Coface has decided to increase its support to the financing and implementation of long-term ESG projects by providing Single Risk insurance solutions more widely. Concretely, Coface will double the envelope dedicated to ESG projects worldwide by 2025 (vs. 2022).
Coface uses blockchain to certify its press releases and financial communications
Discover how Coface leverages blockchain technology to certify its press releases and financial communications, ensuring transparency and security.
Coface celebrates its 2nd Diversity & Inclusion Week
For the second year running, Coface held a Diversity and Inclusion (D&I) Week for its 4,500 employees around the world, offering our teams the opportunity to participate in conferences and workshops, with the aim of breaking down stereotypes and reducing unconscious bias.
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