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In 2023 Allianz Trade, the world leader in Credit Insurance, became our sole shareholder, making the Company a full member of Allianz group. 

With this in mind, and taking another step towards our integration, we have changed our website, adopting a more modern design.  

Although COSEC have a new digital identity, you can be sure that some things will not change: the dedication of our teams, our passion, our professionalism and, above all, our commitment to helping our customers grow safely. That's why we will continue to offer the best solutions for your company, thanks to our in-depth knowledge of the Portuguese market, the result of more than 50 years in the business. Count on us today, as you did yesterday.

Allianz Trade released its latest Global Insolvency Report and revealed updated forecasts for 2024 and 2025. According to the world's leading credit insurer, after two gradual recoveries in 2022 (+1%) and 2023 (+7%), global insolvencies are set to accelerate again in 2024 (+9%) before stabilizing in 2025 (0%) at high levels.

Services, construction, retail and textiles are expected to continue to be the most affected sectors in 2024 in Portugal.

Portugal has successfully maintained a low level of cases until 2022, with less than 2,000 cases annually, marking the lowest level in 15 years. Insolvencies observed between 2020 and 2022 were reduced in several countries due to State support for companies in the Covid-19 pandemic scenario. Compared to 2016-2019 levels, it is possible to see that, between 2020 and 2022, support measures saved the equivalent of three quarters of insolvencies in countries such as the USA, Germany, Austria, Norway, Portugal and New Zealand. In this context, a "normalization" was expected in 2023 with the end of support measures in some countries and in a scenario of weaker global demand, prolonged pressure on profitability due to increased production and financing costs.