About Coface Baltics

Coface Baltics is the Baltic office of Coface - a global leading player in trade credit insurance, providing financial risk management solutions to companies. At Coface, we’ve been managing trade credit risk for more than 75 years to support the growth of companies worldwide, including Lithuania, Latvia and Estonia.

Coface entered the Baltic trade credit insurance market in 2005 with the acquisition of the state-owned company UADB Lietuvos Export ir importo draudimas in Lithuania. Since 2018, Coface has been successfully serving clients in all Baltic countries through the Coface Baltics branch in Lithuania.

In Baltics, our experienced team give our clients the confidence they need to navigate in uncertain and volatile environment, by offering a full range of solutions: trade credit insurance, business information and debt collection.

Every day, we leverage our unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.

Why choose Coface Baltics?

  • More than 15 years of experience in the Baltic States
  • International expertise
  • Local customer service
  • Experienced and professional risk assessment team

A global leading player in Trade Credit Insurance

  • Our core business for over 75 years.
  • Protect your company against customer insolvency, late payments and political risks, allowing you to grant payment periods to your customers with confidence.
  • Grow your business: optimize your cash flow and safeguard your balance sheets, so you can reassure your financial partners, and easier access to financing.
  • Face up economic uncertainties: Coface indemnifies your guaranteed receivables regardless of how the recovery process turns out.
  • Cover your commercial and political risks for complex and one-off operations with our Single Risk solution.
A screen showing URBA360, the Coface tool a handy business-risk analysis tool, giving access key indicators to evaluate businesses quickly. The screen shows risk assessment diagrams.

Business Information: bring confidence to every decision

  • Exclusive insights to trade smarter. We help you find reliable business partners, monitor their financial health and spot weak signals. From Big Data to smart data: gain exclusive insights to make better, more informed decisions at every level.
  • High-value data enriched by human expertise. As a global trade credit insurer, we can generate exclusive and valuable information, enhanced by our +400 risk experts. You benefit from descriptive data to understand of a company’s situation, (scores, financial information, company links), prescriptive insights (credit recommendations) to mitigate risk exposure and predictive solutions to forecast companies’ creditworthiness (models, algorithms).
  • A powerful decision-making solution. Best-in-class data, advanced analytics, predictive scoring, models, algorithms: we combine our global expertise and unique data with cutting-edge technology (AI, Data science) to help you steer your bustiness development. Limit risks and open up new growth opportunities!
  • BI services: anytime, anywhere with ease. Access risk analyses and key indicators 24/7 with URBA360, an intuitive digital platform which offers seamless API integration.

Debt Collection: limit your losses with our solution

Coface International Debt Collection specialises in effective and efficient, stress-free debt recovery:

  • Coface provides a fast and efficient debt collection service whether you are insured or not. Our +300 experts collect your unpaid invoices across the world, acting within the local jurisdiction and with our ~200 international partners, so you can safeguard your relationship with your business partners.

Access all Coface's economic intelligence

Coface boasts recognized expertise in the field of economic research. Every day, in collaboration with our risks and business experts, our economists around the world analyse the dynamics of the global economy.

We offer our clients solid insights through publications and economic studies to help them better assess risks and make the right decisions at the right time: Macro-economic analyses, Country risk assessments, Sectorial assessments, Thematic reports and other.

See our economic publications

Our team, Coface Baltics

Coface Baltics is Coface's unit, which is part of the Central and Eastern Europe region and serves clients in Lithuania, Latvia and Estonia. We are a team of experienced, energetic and competent experts in our field who develop long-term, effective partnerships based on mutual trust. We care about you and your business!

  • Mindaugas Sventickas

    Country Manager Coface Baltics

  • Eglė Vaškelienė

    Business Development Manager Coface Baltics

  • Mindaugas Puodžiukas

    Head of Information, Claims & Debt Collection Department Coface Baltics Head of Anti-fraud Department Coface CEE

  • Mindaugas Valskys

    Head of Risk Underwriting Department Coface Baltics

  • Tomas Černius

    Head of Finance Management Department Coface Baltics

  • Tadas Gaurilčikas

    Head of Sales Coface Baltics (business information)

    M. +37061474535, tadas.gaurilcikas@coface.com

  • Aušra Namikaitė

    Head of Sales Coface Baltics (insurance)

    M. +37061087954, ausra.namikaite@coface.com

  • Valts Vēveris

    Project Manager (insurance LV)

    M. +37127000677, valts.veveris@coface.com

  • Anneli Liinat

    Senior Project Manager (insurance EE)

    M. +3725121581, anneli.liinat@coface.com

Our history

  • 1946

    The Compagnie française d’assurance pour le commerce extérieur (Coface) is founded by the French government, which instructs Coface to insure its political, monetary and exceptional trade risks.

  • 1989

    Coface Central Europe Holding AG is established (information and debt collection services).

  • 1992

    Coface starts to take on an international dimension: Italy (1992), United Kingdom (1994), Germany (1996), Austria (1997), United States (2002)… and in 100 countries worldwide today!

  • 2005

    Coface enters the Baltic trade credit insurance market in Lithuania with the acquisition of the state-owned company UADB Lietuvos eksporto ir importo draudimas.

  • 2008

    Expansion to Latvia (Estonia) and Bulgaria (credit insurance)

  • 2014

    Branches in 67 countries around the world, providing insurance cover for businesses in 200 countries.

  • 2018

    Coface Baltics establishes an office in Lithuania to serve clients in Lithuania, Latvia and Estonia.

  • 2023

    Coface augments its databases with the acquisition of Rel8ed, a company specialising in data analysis in North America, and consolidates its analytical capabilities on behalf of our credit insurance and business information clients.

  • 2024

    Launch of our Power the Core 2024-2027 strategic plan, which aims to expand and strengthen Coface's franchises, with the ambition of developing a benchmark global credit risk management ecosystem.