This is Coface Norway
The Norwegian Guarantee Institute for Export Credits (GIEK) has covered Norwegian exporters' short-term credit risk since 1922. Since 2001, this activity has been organised in a wholly owned subsidiary: GIEK Kredittforsikring (GIEK Credit Insurance). In 2015 the ownership of GIEK Kredittforsikring was transferred from GIEK to the Ministry of Trade, Industry and Fisheries. The 1 of July 2020, GIEK Kredittforsikring was sold to Coface SA and changed name to Coface GK Forsikring AS. On 30 September 2021, Coface GK Forsikring AS merged with Coface and become: COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXTÉRIEUR S.A., BRANCH IN NORWAY. (Coface Norway)
Our goal is to be an essential partner for all Norwegian companies who sale their product on credit. We protect against losses on short-term credits (up to 2 years) to foreign as well as Norwegian buyers. Our customers can also insure their pre-delivery risk through our pre-delivery guarantee. This policy covers accumulated production costs until delivery takes place.
We cover your credit risk so that you can concentrate on what you know best: production, product and market development. We do the job underwriting your buyers. As a customer of Coface, your company will be insured against losses. A credit insurance policy will increase your company's economic security, your management, as well as the jobs in your company. It may also make financing easier and less expensive.
Cover both in and outside of Norway
Coface credit insurance cover sales to over 200 countires worldwide. Our credit insurance policy is flexible and can be adapted to the company's needs. By securing your company against loss on receivables, you will have a competitive advantage in the international market.
Close contact with our customers
As a customer of Coface, you will have close contact with your representatives. We regard close customer contact not only as good service, but also as a pre-emptive measure to prevent losses. By knowing our customers we increase our ability to understand risk, and to adapt our service in accordance with our customer's needs.
In contact with the marked
We think it is very important to also meet buyers abroad. The impressions from these meetings enable us to increase competency, and adds to our ability to improve customer service. As risk varies between different lines of business, we also value visits to trade expositions in and outside of Norway.
Your Coface Norway representative will provide counsel and information related to your credit exposure. You will also be able to use our lawyers and our network in collecting receivables from your customers in a default situation.