Trade credit insurance: protect your company against bad debts

Avoid the risk of unpaid debts with trade credit insurance

Credit insurance solutions tailored to your business needs

No matter your size or market, every company operating domestically or exporting has to protect its B2B transactions against the risk of unpaid debts. Find out more about our flexible business credit insurance solutions tailored to suit your specific needs.

Coface in the Middle East

Empower your business with comprehensive Trade Credit Insurance solutions tailored to your needs, provided by the industry leader, Coface.

Operating within the United Arab Emirates, Saudi Arabia and the wider GCC region, Coface collaborates strategically with renowned partners to deliver top-tier Trade Credit Insurance. While not the direct insurer in this context, Coface leverages the expertise of its partners to ensure that your business receives the highest level of coverage and protection. Serving diverse markets as a trusted partner, Coface specializes in safeguarding companies of all sizes against the risks of non-payment and insolvency.

Explore Coface's innovative offerings and learn more about our strategic partners who enhance the value of our services.

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What is Trade Credit Insurance?

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Credit insurance allows companies to grant payment periods to their customers across the UAE, Saudi Arabia, the broader GCC region, and worldwide with confidence.

Trade credit insurance protects your invoices against excessive late payment or – in the worst-case scenario – default by your customers.

Coface partners cover the credit risk and compensates for your loss by indemnifying you. A range of options are available so you can adjust your coverage to meet specific risks (such as political or manufacturing risks, litigation, etc.).

What is Trade Credit Insurance?

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We keep a close watch on your customers' financial health, so you can make smart business decisions and make it easier for you to get the financing you need.

In short, when you get insurance for your sales in the Middle Eastor for international deals, you're strengthening your cash flow, protecting your profits, improving how you manage the money customers owe you, and setting the stage for steady business growth.

How Does Credit Insurance Work?

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At Coface, our dedicated approach involves thorough market and risk analysis, strategically guiding you toward stable and reliable companies. This proactive approach fuels the expansion of your business, leveraging our insights for your benefit.

Our methodology uses comprehensive data on the financial health of businesses across diverse sectors and locations, enhancing your decision-making process.

How Does Credit Insurance Work?

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Collecting your unpaid invoices

 

Our adept professionals and partners, both in the Middle East and internationally, assume the task of collecting your outstanding invoices. This streamlined process ensures the preservation of your valuable business relationships.

 

Protecting your company

 

Coface Partners indemnify your guaranteed receivables regardless of the outcome of the recovery process.

Why choose trade credit insurance?

Trade credit insurance provides 4 essential services so you can avoiding the risk of customer non-payment:

  • Safeguard your cash flow

    1 in 4 companies go out of business due to non-payment by its customers. Securing your business against unpaid invoices means shielding your cash flow and growing your turnover without any worries. Business credit insurance is the only tool that protects the economy against bankruptcy chains and the job losses that go with them.

  • Help your company grow

    Trade credit insurance helps you assess your risks and identify the customers and partners you can work with.

  • Make financing easier

    Credit insurance guarantees you have optimised cash flow so you can meet one-off needs. It’s a sign of confidence that reassures your financial partners, helping you obtain future financing.

  • Optimise the management of your receivables

    Business Credit insurance is a tool for managing your accounts receivables: you can identify reliable customers, and set realistic credit limits. In addition, you can improve your collection rate when you put your trade receivables in the hands of a reputable third party.

Easy-to-use solutions for better risk management

Credit management platform

Our secure online platform means it’s easy to manage your policy from A to Z. With CofaNet Essentials, you:

 

• Access information about your business partners

• Manage your client portfolio

• Manage your guarantee requests

• Report your unpaid debts

• Keep track of your claims

 

CofaNet also performs debtor risk evaluations and offers export features with the potential for more in-depth research.

 

And with the CofaMove mobile app, you can access CofaNet Essentials wherever you are and whenever you want.

Coface API portal

Discover a game-changing asset for more efficient credit management.
Coface API portal opens doors to seamless integration of Coface's powerful API solutions into your existing applications. 


  • Elevate risk management, enhance credit decisions, and fortify financial strategies effortlessly. 

  • Maximize efficiency, minimize risk: Coface API Portal is your strategic ally for a robust, data-driven approach to credit management. 

  • Revolutionize your processes today for a more secure and prosperous financial future.

 

> Visit Coface API Portal

Coface Dashboard

Coface Dashboard is our business intelligence tool that provides you with interactive reports to facilitate:

 

• Reporting and performance tracking

• Producing analyses ranging from macro trends to individual changes

• Identifying consolidated risks for groups of buyers

• Managing your programme, in particular by supporting your decisions, and customising the features of the tool and the risk transfer parameters

• The credit risk governance in your group

How much does credit insurance cost?

For small businesses and SMEs with a maximum turnover of 7,5 M€, EasyLiner is an all-inclusive solution that starts from 2 500 €.

For all other solutions, the cost equates to a premium rate that varies on average between 0.1 and 1% of turnover. 
This figure is based on the volume of insurable business, the profile of your company – in particular its area of activity and history of claims – and your requirements (the type of coverage, specific options, etc.).

Grow your business with a risk management expert

100000customers

200countries covered

685billion exposure

AM Best logoAStable outlook

Moody's logoA1Stable outlook

AA-Stable outlook

What does failure really cost you?

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AED

The extra turnover needed to make up for loss

The simulation above shows the additional turnover that your company must achieve to compensate for the loss due to a non-payment.

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Frequently asked questions