Trade Credit Insurance - Coface Australia - A World Leader

SPOTLIGHT

Coface China Corporate Payment Survey : Increasing risks in supply chain disruptions and rising raw material prices

Coface China Corporate Payment Survey : Increasing risks in supply chain disruptions and rising raw material prices

05/11/2022

Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.

News

Focus on remote work : The Risks and Opportunities of Virtual Offshoring

07/09/2021

Remote work has emerged as a new norm during the Covid-19 pandemic. This cultural shift could allow companies located in developed countries to hire teleworking talent in emerging countries to reduce their labour costs.

Germany: More insolvencies in the pipeline, despite significant aid

05/14/2021

Insolvencies in Germany dropped significantly in 2020 compared to 2019 - despite the worst recession since 2009.

China: rising payment risks in construction and energy sectors despite stronger economic outlook

05/26/2021

Coface expects an increase in bond defaults and insolvencies in 2021, especially among sectors that accumulated higher cash-flow risks in 2020 amid a slowdown in credit growth.

Asia Pacific: Corporate payment delay trend stabilized; companies see brighter outlook, but risks and uncertainty remain

07/05/2021

Coface’s 2021 Asia Corporate Payment Survey provides insights into the evolution of payment behavior and credit management practices of over 2,500 companies across Asia Pacific during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia Pacific region.

Coface Barometer Q1 2021: US leads the global recovery, emerging economies lag behind

05/06/2021

More than a year after the start of the pandemic, global economic trends are uneven due to lingering uncertainties around the spread of COVID-19. The acceleration of the vaccination process, as well as its effectiveness, are key to an economic recovery

Fitch raises the outlook for Coface’s ratings to “stable”

04/20/2021

The rating agency Fitch, on 20th April 2021, affirmed Coface AA- Insurer Financial Strength (IFS) rating. The agency also removed the Rating Watch Negative. The outlook is now stable.

Key figures

€1.57 bn OF TURNOVER IN 2021
100 COUNTRIES OFFERING OUR SERVICES
~4,538 EMPLOYEES
€223.8 M OF NET PROFIT
AA- (Stable Outlook) FITCH
A2 (Stable Outlook) Moody's

ALL THE KEY FIGURES

Contact

SYDNEY (HEAD OFFICE)
Level 11, 1 Market Street
Sydney NSW 2000 Australia
T. +61 (0)2 8235 8600
F. +61 (0)2 9262 1323
au_info@coface.com
GPO Box 129 Sydney NSW 2001

MELBOURNE
LEVEL 10, 350 Collins Street, Melbourne VIC 3000, AUSTRALIA
T. +61 (0)3 9691 7600
F. +61 (0)3 9691 7660
au_info@coface.com

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