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Coface: Profit of the Group Better than Before the Crisis in 2010
Austria and the CEE surpasses the international trend: increasing sales, decreasing management costs and lower claims ratio improve financial strength.
Coface: Profit of the Group Better than Before the Crisis in 2010 / Picture: © Coface, CEE Top 500
The international credit insurer Coface has published its balance sheet figures for 2010 and was able to show a very successful recovery after the crisis year 2009.
In Austria, consolidated sales increased, compared with 2009, by 7.6% to € 54.9m. This was mainly due to successful new business and the positive development of premiums in contract renewals. But also the decline in…
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