LiquidX has announced that the Coface Singapore Branch has joined its LiquidX 360 digital platform.
The platform offers enhanced operational efficiency and transparency for participants in the trade credit insurance market, this includes carriers, brokers, and policyholders.
Coface Singapore is the first carrier in the region to join the platform since LiquidX was granted an insurance brokerage license from the Monetary Authority of Singapore in June 2021.
The LiquidX 360 platform digitises trade insurance policies to automatically cross-reference policy terms and conditions and authenticate the eligibility of endorsed buyers.
Todd Lynady, Global Head of Insurance at LiquidX, said: “Trade Credit Insurance is in great demand and highly valued by companies in Asia Pacific. We are very happy to welcome Coface Singapore as the first insurance carrier to join the platform in the region.”
Graham Crozier, Country Manager of Coface Singapore commented: “There’s no doubt that digital technology presents new opportunities for our industry and we are delighted to join the LiquidX platform.
“We are ‘for trade,’ meaning we’re committed to adapt to where our services are needed most in support of effective local, regional and global trade.”
Alex Bursak, Regional Head of Insurance Asia Pacific at LiquidX added: “Coface is an established leader in Trade Credit Insurance and one of the first carriers to invest in the digital transformation of our industry, so it’s no surprise they are at the forefront of innovation in this space.
“We look forward to working with the Coface Singapore team to deliver best in class solutions for banks, corporates, and asset managers to mitigate their trade credit risk across this growth region.”
