Notwithstanding deteriorated economic condition Coface has increased its consolidated revenues by 5.8%, with credit insurance growing 7.2%. Revenues in emerging markets have increased by 21%. Operating revenue grew by 25.8%
About Coface: The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2011, the Group posted a consolidated turnover of €1.6 billion. 4,600 staff in 66 countries provide a local service worldwide.
Best trade credit insurer in Asia Pacific: Coface has been voted the best trade credit insurer in Asia-Pacific for the first time by Global Trade Review (GTR) readers. Last year, Coface posted a growth of 12.4%, and reached €102mn in turnover, maintaining its leading position among private credit insurers in the Asia Pacific region. The result was due to the strong growth of the domestic insurance market in China and the dynamism of the electronics industry, which brought significant growth in the Korean and Taiwan markets, according to Coface.
Coface has a presence in 11 countries and regions in Asia Pacific, and with its 20-year history and team of 20 risk underwriting specialists, the trade credit insurer is able to provide a top class service to its customers.
Source: Coface Press Release