Making tough decisions
€ 1354.9m Turnover
4,100 Employees
( Combined ratio )
£ 83.2m Net profit
50,000 Clients
Countries where products and services are offered
TECHNOLOGY conflict , Mandola created the branch on his own in September 2014 before obtaining a credit insurance license in October 2014 , leading to the official opening of the company ’ s offices in January 2015 . “ At the beginning , it was very difficult because we were facing two big competitors that have been in the market for 45 years . However , we found our way to achieve success by offering new solutions , fair commercial terms and a good quality service ,” he adds .
“ I believe the market was waiting for a third player with innovative ideas and an international approach .”
Making tough decisions
With previous experience working in senior level roles , working for companies such as the Rotarex Group , Burgo Group , Indesit Group and FCA Group , Mandola prides himself on being proactive and adopts the mantra : “ you will never win if you never begin ,” believing it is the tough decisions that have enabled him to keep his businesses lean and successful in challenging markets .
Upon the launch of Coface Israel ’ s offices under Mandola ’ s stewardship in 2015 , four other employees joined to begin the venture into Israel ’ s competitive insurance market . Now in 2018 , Coface Israel currently has 25 employees
€ 1354.9m Turnover
4,100 Employees
86.6 %
( Combined ratio )
£ 83.2m Net profit
50,000 Clients
200
Countries where products and services are offered
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