Credit Insurance, Featured
Half-Year Results: Cartan Trade on the Rise
As of the end of June 2025, we’re excited to share the key figures and strong momentum Cartan Trade has achieved since the start of the year. With energy, ambition, and an unwavering commitment to innovation, Cartan Trade continues to challenge the status quo and unlock new opportunities
1. Strong Performance, Clear Progress
Compared to H1 2024, our performance has grown significantly:
◆ +26% growth in Gross Written Premium (GWP)
◆ All KPIs better than budget — revenue, loss ratio and EBITDA
◆ Improving quality of service with focus on arbitrage, claims and collection
◆ >500 claims managed since 2022
With a team of 31 employees, we’re proud to regularly welcome new, highly motivated talents who share one goal: support Cartan Trade’s growth and deliver exceptional value to both customers and brokers.
Three years in, Cartan Trade boasts a well-diversified portfolio — not only in product mix but also in customer profiles:
◆ 350+ customers
◆ Product mix: 40% Whole Turnover, 32% Top-Up, 28% Single Buyer
◆ Ability to manage significant portfolios with 300 credit limits per policy and more
◆ €12 billion in total engaged exposure, with over 15,300 limits and a controlled loss ratio
◆ Quality of service remains central to our value proposition: <2 days respond time for credit limit requests from existing clients
Broker feedback:
Our first-ever broker satisfaction survey returned a promising score of 7.6/10, reinforcing our credibility and highlighting further opportunities to bring added value. Our business partners especially appreciate our capacity to deliver substantial cover, the strength of our offer, and our team’s responsiveness.
2. A Clear Strategy: Focused and Forward-Looking
Cartan Trade was founded on a clear conviction: to deliver additional capacity and digital based innovative solutions, that support business growth in an ever-changing world.
We currently operate through our broker network across Europe, addressing three core market segments:
◆ Traditonal Trade Credit Insurance (~50% of GWP): WTO and Top-Up solutions for companies of all sizes
◆ Finance Trade credit (25%): Solutions for banks and factors, supporting financing and capital relief, underpinned by the solid A+ rating of our paper
◆ Dedicated Solutions (25%): Tailored co-insurance programs, including (multi-)Single Buyer structures
Our ambition is to grow across all segments by deploying our capacity selectively and responsibly.
3. Our Value Proposition: Capacity, Tech, People
Cartan Trade is an independent credit insurance player, underwriting on behalf of Scor with a strong A+ (S&P), operating within a robust ecosystem of trusted partners, and backed by a diversified panel of Tier 1 reinsurers.
We offer pan-European coverage through our offices in France, the UK, Italy, and the Benelux.
Combining seasoned Trade Credit & Trade Finance experts with talent from the French tech sector, we’ve built a strong foundation to become a data-driven organization. We are actively deploying new technologies across the entire customer journey — accelerating service, securing operations, and enabling scalable growth.
Our Tech & AI initiatives are already in motion, enhancing speed, agility, and reliability across all touchpoints — reinforcing our long-term growth path.
In a fragmented and fast-changing world, new opportunities are constantly emerging — and agile players like Cartan Trade are uniquely positioned to seize them. We must continue to face reality, move decisively and strategically, and keep investing in our people.
Our fundamentals are strong. The momentum is real.
A heartfelt thank you to our teams, clients, brokers, reinsurers, and shareholders for their trust, commitment, and continued support.
Let’s keep building the future of trade — together.