Coface Group has expanded its network in Central Europe with the launch of its credit insurance services in Croatia.

The new insurance policy, which will be issued by Coface Austria, will benefit Croatian companies and other companies who are exporting to the country to prevent and protect credit risks linked to their commercial transactions.

The company’s local team will work in association with debtors and Croatian clients to provide business support.

Coface, which has presence in the Croatian market since 1998, is currently the only private sector provider of credit insurance solutions in the country.

Coface Group CEO Jean-Marc Pillu said, "Central Europe is a dynamic and experiencing positive growth region in which Coface continues to build its core credit insurance business to complement its position as the leader in business information."