🚨 Proliferation of coups d'état in Africa: towards a new, more unstable era? If we look at the evolution of coups d'état worldwide from 1950 to the present day, we observe a greater concentration of coups in #Africa since the early 2000s. This trend has been particularly marked over the last 5 years. Over the last decade, coup attempts have mainly been in the #Sahel region. Indeed, the Coface #political and #social fragility index for the Sahel stands out clearly from that of other African countries, with a notable increase since 2012. 📉 In a context of ever-restricted access to finance and major socio-economic challenges, official development assistance is crucial for the African continent. Nevertheless, it can be used as a strategic tool by donor countries... In this multipolar and fragmented world, are African countries affected by coups d'état sanctioned by a reduction in aid? 👉 Find the full analysis of our #economists in our #study: https://lnkd.in/e9NEPKcu
About us
With over 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance & risk management, and a recognized provider of Factoring, Debt Collection, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group' solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2023, Coface employed ~4,970 people and registered a turnover of €1.868 billion.
- Website
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https://www.coface.com
External link for Coface
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Bois-Colombes, Paris Area
- Type
- Privately Held
- Specialties
- Credit Insurance, Unpaid invoices, Credit risks, credit-insurance, Protect your receivables, Trade receivables management, Debt collection, Bonding, Factoring, Economic Research, Information, and Trade Credit Insurance
Locations
Employees at Coface
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Charles Lau
Follow me for daily posts on Digital Marketing and Sales Collaboration • B2B Digital Transformation Speaker
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Sébastien DUPONT
Digital Communication Specialist
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Jim Frische
New Business Broker Manager/BrokerConnect
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Jan Henrik Monsen
Head of EIC, Collection & Claims, Nordics @ Coface | MSc, Mini MBA, FICS
Updates
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📢 Coface reports net #income of €68.4m for the 1st quarter of 2024! We have recorded a very good start to the year, thanks in particular to our service revenues, which continue to grow. "In the first quarter, we announced our new strategic plan, Power the Core, which aims to develop a leading global ecosystem in credit risk management. Consistently, we continued to invest in our risk infrastructure, to better serve our clients." Xavier Durand, Coface CEO. 👉 Find all the details of our #results on https://lnkd.in/ejyJ3u5m
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⚠️ Central and Eastern #Europe: corporate insolvencies continue to rise! Affected by an #economic slowdown, the region has seen its #GDP #growth fall from 4% to 0.5% between 2022 and 2023, and the number of corporate #insolvencies soar. And the forecasts for 2024 remain below their potential... "We expect a further increase in insolvencies in 2024, albeit at a lower rate than the previous year, and globally, companies will still not reach their full economic growth potential as a result of the challenges they face in the day-to-day running of their businesses," explains Jarosław Jaworski, CEO of Coface Central and Eastern Europe. 👉 Find our full analysis in our #study : https://lnkd.in/ds6kQYTJ
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📢 Diversity & Inclusion: our employees give us a score of 8.6/10! As part of our internal satisfaction survey, our employees gave us a score of 8.6 out of 10 for #diversity and #inclusion. This score is above the finance benchmark. Indeed, Coface is fully committed to create a work atmosphere that respects the individualities and diversity of its teams. We are taking a number of initiatives aimed at developing inclusion within the company. 😊 We have for example the “reverse mentoring” program designed to raise awareness of these issues among Senior Management. Managers are matched with employees that come from a different “diversity group”, and start a journey of conversations in order to raise awareness and promote understanding. 👉 Find out more about our #commitments at https://lnkd.in/eRYd74WR
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🌍 Emerging countries: who could be the winners of tomorrow's world? "Faced with a slowdown in the United States and continued sluggish growth in the eurozone, the emerging countries will be the main drivers of the global economy in 2024. In total, over 70% of global growth will be generated by emerging economies, the highest level since 2013." analyses Bruno De Moura Fernandes, Head of Coface macroeconomic research. Between new #geopolitical alliances, the increase in intra-regional trade agreements, or the use of local currencies for #international #trade... Which emerging countries have the profile and resources to dominate the global #economy? 👉 Find our experts' analysis on https://lnkd.in/eUi8a7bY 💻 To go further, access the replay of our round table about #emerging #economies: https://lnkd.in/e8tDxA2A
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⚠️ Political risk: what impact will it have on your #business? "After more than 70 years of peace, political risk has been back in the forefront, in various forms, and has punctuated the agenda of many countries in recent years. These risks are clearly on the increase, notably due to the reshaping of the world order and the climate emergency, two major sources of uncertainty and instability for the years to come." Ruben Nizard, North America Economist and Head of Political Risk at Coface. · What are the 4 major #political risks? · How does Coface identify these #risks? · How can you protect your #company effectively? 👉 We tell you all about it on https://lnkd.in/enea6AbS
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📢 Henri BOURNY, Customer to Cash Director at Dassault Systèmes, talks about his experience with Coface! As a #client of Coface's Business Information (BI) services, Dassault Systèmes benefits from a comprehensive suite of solutions in order to effectively manage their #commercial #risks and #secure the development of their business. Henry Bourny shares why he recommends Coface's BI services. "Coface's Business Information offer scalable solutions, expert teams with an innovative spirit to transform the finance function” 👉 Find his full #interview at https://lnkd.in/e__2H3E7
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Focus #China 2023: more companies granted #payment terms but over shorter average durations. "2023 was the year when economic activities generally normalised from the pandemic. The same went for corporate business practices regarding payment terms. As market competition and practices returned to normal, more companies took the initiative to grant payment terms." explains Junyu Tan, Coface North Asia Economist. Nevertheless, #companies remain cautious and are proposing tighter payment terms. Indeed, even if they are shorter, #delayed payments are on the rise: 62% in 2023, compared with 40% in 2022. 👉 Find out more in our #survey: https://lnkd.in/d4MSsYpr
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📢 5 common misconceptions about trade #credit #insurance! "Credit insurance costs too much and doesn't cover my needs." "Managing credit risk slows down my #business development, and I have financial reserves in case of #unpayment..." Have you ever had one of these thoughts? Reviewing certain stereotypes about credit insurance can be useful, all the more so in an environment where #sinistrality is accelerating, and the risk of doubtful #debts is increasing. 👉 Understand why credit insurance is essential to #protect your business: https://lnkd.in/eGQqtf4y
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🚨 2024 seems set to be another difficult year for the #construction and real estate sectors. Particularly sensitive to market trends, these two sectors are going through a period of severe #tension, both on the #residential and #commercial fronts. The residential market is facing a double constraint: supply is more expensive (labour shortages, rising raw material prices), and demand is falling (due to rising interest rates). In commercial real estate, the spread of homeworking has led to a drop in demand for office space, and high interest rates are slowing the number of transactions. 👉 Access the detailed analysis of our #economists at https://lnkd.in/esXXG9GR