Compagnie francaise d'assurance pour le commerce exterieur SA – Branch Bulgaria

Coface Bulgaria is the Bulgarian branch of Compagnie francaise d'assurance pour le commerce exterieur SA, the French credit insurer known internationally as Coface. Operating under the local brand Coface and the website coface.bg, the branch serves Bulgarian companies that need protection against unpaid invoices, credit risk information on customers and suppliers, and support in collecting overdue receivables at home and abroad. Its offering is aimed at businesses of different sizes, from smaller firms with turnover between BGN 500,000 and BGN 5 million that want a simple, all-in-one credit insurance solution, to larger companies with turnover above BGN 5 million that need cover for domestic and export receivables or a more sophisticated management of customer credit risk. Multinational groups with Bulgarian subsidiaries can also use the branch to protect their local operations within a wider international programme. The Bulgarian branch belongs to the global Coface network, a specialist in trade credit insurance, business information and debt collection. Coface's core product is credit insurance, which compensates policyholders when their customers fail to pay for goods or services delivered on credit terms. Around that core, the group provides company and sector information, country and buyer risk assessments, and outsourced receivables management. In Bulgaria, the branch presents these services through a local-language website and a diagnostic tool that asks prospective clients about their business profile and needs before recommending a suitable solution. As a branch rather than a separate locally incorporated company, Coface Bulgaria is part of the French parent entity, Compagnie francaise d'assurance pour le commerce exterieur SA, which is listed on Euronext Paris under the ticker COFA. The branch therefore benefits from the group's underwriting capacity, international network and risk expertise while maintaining a local presence in Sofia for Bulgarian clients. Its market positioning is that of an international credit insurer with local knowledge, helping Bulgarian exporters and domestic suppliers trade with confidence and expand into new markets. The branch's activities fit within the broader financial services sector, specifically the insurance industry and the property and casualty insurance segment, where trade credit insurance is classified. Its clients include manufacturers, distributors, wholesalers and service providers that sell on credit terms and face the risk of non-payment. By combining insurance cover with information services and collection support, Coface Bulgaria offers an integrated approach to credit risk management rather than a single insurance product.

Coface Bulgaria is the Bulgarian branch of Compagnie francaise d'assurance pour le commerce exterieur SA, the French credit insurer commonly known as Coface. The parent company was founded in France in 1946 as a specialist export credit insurer and has since grown into a global provider of trade credit insurance, business information and receivables management services. Over the decades, Coface expanded through a network of subsidiaries, branches and partnerships, establishing a presence in numerous countries to support international trade. The Bulgarian branch forms part of this international network, bringing the group's credit insurance and risk information services to the Bulgarian market under the local website coface.bg. As a branch, the Bulgarian operation does not have a separate founding date or independent corporate history; it operates as an extension of the French parent entity. Its development is tied to the growth of Coface's regional presence in Central and Eastern Europe and to the increasing demand from Bulgarian companies for credit risk protection, especially as the country's economy integrated with European and global markets. The branch serves both domestic-oriented businesses and exporters, offering solutions that range from simple credit insurance for smaller firms to tailored programmes for large corporate and multinational clients. The branch's activities are recorded in public databases such as Wikidata, where it is described as a credit insurance company. Its local-language website presents a diagnostic tool that guides prospective clients through questions about their business size and needs, reflecting Coface's consultative approach to selling credit insurance. While the precise date of the branch's establishment in Bulgaria is not provided in the available evidence, its current operations are active and focused on the Bulgarian market.

• Coface parent company founded in France as a specialist export credit insurer.

• Coface expands internationally through a network of subsidiaries and branches, including a presence in Bulgaria.

• Bulgarian branch operates under the local website coface.bg, offering credit insurance and related services.

International credit insurer with local expertise, helping Bulgarian businesses protect against non-payment and trade with confidence.

• Trade credit insurance

  Protection against losses from unpaid invoices when customers fail to pay for goods or services delivered on credit terms.

• Business information reports

  Reports on companies, sectors, countries and markets to support credit risk assessment.

• Debt collection

  Assistance in collecting overdue receivables in Bulgaria and abroad.

• Receivables management

  Outsourced management of customer receivables to simplify credit control.

1. 1Кофас - лидер в застраховането на търговски вземания | Cofacecoface.bg
2. 2Compagnie francaise d'assurance pour le commerce exterieur SA – Branch Bulgariawikidata.org