By Charlotte GAUCHON
30 March 2025
Navigating the stormy waters of international trade without adequate protection exposes your business to considerable risk. For an in-depth understanding of credit insurance, from its definition to its legal nature and evolution, we need to look at its specific features. Export credit insurance is an essential shield for French companies seeking to conquer foreign markets. Coface, a pillar of French foreign trade The Compagnie française d'assurance pour le commerce extérieur (Coface) occupies a strategic position in France's export support system. This organisation covers the commercial and political risks to which French companies are exposed internationally. Genesis and metamorphoses of Coface The initial failure of private initiatives In the 19th century, the first private credit insurance companies quickly collapsed. Their insufficient cash flow meant they were unable to absorb the risks inherent in international transactions. Towards the middle of the 19th century, the banking sector...
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