Coface Group, a world leader in export credit insurance and commercial risk management, has signed a partnership agreement with Ping An, the second-largest insurance company in mainland China. This partnership will enable Ping An to provide Chinese companies and Chinese subsidiaries of international companies with credit insurance.
The partnership with Ping An reinforces Coface's commitment to contribute to the development of trade credit in China and represents a milestone in the gradual opening up of the Chinese corporate credit market, a vital ingredient for continued economic growth. In the arrangement, Coface provides Ping An with the technical, operational and systems resources to operate a credit insurance enterprise. The company will issue credit insurance policies supported by Coface's international expertise.
