Companhia de Seguro de Créditos | Export Credit Agency (ECA) in Portugal
COSEC is the leading insurer in Portugal in the Credit and surety branches, offering the best solutions to support the management and control of credits in the domestic and foreign markets. COSEC is also responsible, on behalf of the Portuguese State, for the coverage and management of credit, surety and investment risks, especially for countries at greater risk .
The shareholder structure of COSEC brings together the solidity of Banco BPI, one of the largest Portuguese financial groups, and the experience of Euler Hermes, the largest credit insurance group in the world.
A summary of Companhia de Seguro de Créditos
Summary video of Companhia de Seguro de Créditos and how it operates in Portugal. Credit Insurance allows the management of credit to customers and covers non-payment of credit sales of goods and services carried out in Portugal and / or abroad. It is aimed at the business market (Business to Business) and offers a support service to minimize non-compliance and optimize the company’s risk management.
– Video Original da Euler Hermes, acionista da COSEC –
Companhia de Seguro de Créditos – Benefits of using an ECA in Portugal
- Credit Insurance
- Member of FinTechCity’s FinTech50 2015
COSEC is the leading insurer in Portugal in the areas of Credit and surety insurance and has several solutions, adapted to the profile, needs and characteristics of each company, with several coverages in the scope of protection and execution of its business.200 words here (this should be a one paragraph summary and then a bullet pointed list)
COSEC was founded in December 1969 with public capital. It evolved through the 70s, in 1980 the Credit Insurance company, EP the public Insurance bank becomes the largest shareholder. In 1993 the company was reorganized and operational areas are established in Lisbon and Porto. Opening of delegation of Aveiro. In 2007 Euler Hermes becomes a shareholder of COSEC, together with BPI, sharing 50% of the capital insurance company. In 2011, 2012, 2013, 2014 and 2015COSEC won the award of best non life insurance company.
Popular Export Products
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdications they’re operating in
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals
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