Coface SA · Puteaux France
Company Description
Phone: +33-1-49-02-20-00
Fax: +33-1-49-02-27-41
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This link will open in a new window Coface helps companies face the uncertain world of export trade. The credit insurer and credit management services company serves over 100,000 clients through offices in some 60 countries, offering short-term credit insurance policies. It screens potential customers, recovers bad debts, and handles claims for clients. Coface also provides credit information and manages the French government's export guarantees. The company's rating unit offers businesses online credit ratings (at no charge) for over 40 million companies through the CreditAlliance network. Coface is a subsidiary of French banking firm Natixis . "Coface" is short for Compagnie Française d'Assurance pour le Commerce Extérieur. To read the full description, subscribe now.
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Key Coface SA Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 1,200 |
Coface SA Executives
35 executives listed for Coface SA's Puteaux, location.
| Title | Name & Bio | Contact |
| Chairman | François David | Network |
| CEO; CEO, Coface Services; Chairman, Kompass International | Jérôme Cazes | Network |
| Director Global Production and Organization | Fouad Bitar | Network |
Competition
Competitive Landscape for Coface SA
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Coface SA Competitors
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