Coface's Corine Troncy says transparency and trust between Coface, ICBA and clients are priorities
Monday, December 28, 2009 at 07:00AM Excerpt from ICBA Advantage Issue 5 – Winter 2009/10
Corine Troncy
Coface, based in Paris, France, with 130,000 clients worldwide and a direct presence in 67 countries, recently introduced its “New Deal” giving clients more flexibility in the managment of portfolios and increasing dialogue among risk underwriters and clients. Improved transparency allows Coface to show clients how the company monitors accounts, identifies portfolio quality, and helps Coface be extra agressive in underwriting clients’ limits. Corine Troncy is Global Sales & Business Development Director, Coface Holding.
Question: Since the credit crisis began in 2007, Coface has maintained excellent guarantees, totalling €364 billion mid-way through 2009. Coface also reports improvements to its risk profile. How do these measures benefit customers?