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Coface
https://www.coface.com
Overview
Coface provides trade credit insurance and business information. Importers can insure against supplier default or non-delivery, and access company risk ratings to screen Chinese trading partners before prepaying large orders.
Best for
Insuring prepayment risk on large supplier orders
Pricing
Premium based on exposure
Pros
- Protects prepayment exposure
- Company risk data included
- Global insurer
Cons
- Premium costs money
- Policies have exclusions
- Underwriting process