COFACE FIRST QUARTER RESULTS

Posted by Joachim Bartels | Dec 31, 2010 | Coface, Credit Insurance, France | 0 |

Coface reported a net income of EURO 15 million, compared to a loss of EURO 37 million in the first quarter of 2009. EURO 401 million in revenues were reported. Operating profitability for credit insurance is now positive again thanks to a drop in claims. The claims/premium ratio is now 63% (compared to 98% in 2009). Claims developments are very positive with another drop in claims declarations at the beginning of the year. Good performance is occurring in all subscription zones except in the United Kingdom. Factoring is back to double-digit growth. More information on www.coface.com Source: ICISA Newsletter

BIIA Newsletter May II – 2010 Issue

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.