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Credit Insurance v Letters of Credit
Letters of credit are a useful tool when trading internationally, but they are much more limited in scope than credit insurance.
Comprehensive risk dashboard from Coface with detailed risk assessments for 162 countries and 13 sectors
Letters of credit are a useful tool when trading internationally, but they are much more limited in scope than credit insurance.
Self insurance simply means setting money aside in case of bad debt. Often, companies simply keep a sum in a separate bank account for emergencies only.
#Our solutions
In this article, we review the stereotypes about credit insurance. It could be useful, especially in an environment where claims experience is accelerating and the risk of bad debts is increasing.
Bad debt insurance offers just one kind of protection for your business: against customer insolvency and the resulting loss of income if a bill isn’t paid as a result.
Through iCON by Coface, access our Urba360 Business Intelligence tool and make the right credit decisions to guide your sales strategy and gain an edge over your competitors!
Better assess your risks with Coface's global risk assessments for +160 countries and 13 sectors.
A long-outstanding debt, unsuccessful internal debt collection efforts, difficult or even unreachable customers... Well, you’re not alone: 80% of companies struggle to collect unpaid debts! When this happens to you, calling on the skills of Debt Collection experts is a winning strategy to get paid before it’s too late. Remember this: 25% of unpaid debts result in bankruptcy.
#Our solutions
Trade Credit Insurance is a credit risk management solution that safeguards the development of your business, in particular by protecting you against losses due to non-payment of invoices.
#Our solutions
This new digital platform, designed by Coface, provides its customers and distribution partners with a full range of APIs (Application Programming Interfaces).
#Our solutions
Artificial Intelligence, Machine Learning, Predictive analysis and modelling, Deep Learning, Image processing... Coface is leveraging advanced Data Science technologies to manage risks more effectively and predictively for the benefit of its clients.
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Better assess your risks with Coface's global risk assessments for +160 countries and 13 sectors.
Immerse yourself in the world of global trade with Coface's Trade Talk podcast. Follow discussions with experts on global trade and insights into the dynamics of individual markets.
Coface online platform for managing your trade receivables. Full monitoring of your risks. Direct access to all tools according to your contracts.
Platform dedicated to brokers for monitoring your business and managing your customer portfolio (in all countries where legally available).
Icon is the business information solution designed to help you better understand risk. Learn how to identify the financial situation of your partners and customers.
Icon is the business information solution designed to help you better understand risk. Learn how to identify the financial situation of your partners and customers.
Stop juggling between software applications. Explore Coface API Catalogue and Integrated Solutions for Icon by Coface and trade credit insurance.