Coface UK has launched a suite of ground breaking new offers designed to help UK and Irish exporters compete more aggressively in overseas markets.
Introducing the new range, Coface UK managing director, Jon Lindsay, says, “For too long, trade credit has been seen as a risk rather than an opportunity to compete. With Coface as a partner, exporters can now focus more easily on the sales opportunity; while Coface supports them in ensuring that they have the confidence to sell in overseas markets and providing them with a healthy cashflow.
“With our Cashflow Trader offer, exporters can predict for the first time their days sales outstanding performance and with our Finance Trader offer they can get access to extremely competitive rates of finance linked to all their insured credit limits. Coface is unique in that it can act like a bank as well as being a credit insurer with the widest geographical reach of all the credit insurers.”
Launching these offers in training sessions to broker partners, commercial director, Phil Prunty, said, “With these unique offers you have to ask the question “why wouldn ‘t companies want to buy them
To complement these offers, Coface has introduced a UK-based export service where companies have access to a specialist export underwriter working alongside Group worldwide colleagues. “Coface is unique in its championing of open credit terms wherever possible; they are putting their money where their mouth is in encouraging such trading in export markets,” says Dennis Kennedy, export underwriter, who recently joined Coface with over 30 years experience in the industry.
Based on the group’s Globalliance policy, Coface UK’s export service matches or exceeds the cover provided by any other insurer and having the authority to write export credit limits locally will speed up decisions, particularly for large limits in countries with higher risk profiles.
Coface has also teamed up with the British Exporters Association (BExA), an independent national trade association representing all sectors of the exporting community. Free first-year membership of the association will be offered to new policyholders who will also be given free entry to Coface’s regular country risk conferences held around the world.