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5/27/24, 4:23 PM PRESSR: Etihad Credit Insurance records 21-fold growth in gross exposure by end of 2023 to reach AED 9.6bln in 5 years — Tra…
plans, ECI has emerged as a beacon of stability for UAE enterprises.

We have seen a significant increase in the demand for our services,

with a remarkable surge in insured trade and investment

transactions. Our dedication to protecting the interests of UAE

exporters is evident in the numbers, with a 25 per cent increase in

policies issued compared to 2022.”

Al Mazrouei added; “As we continue to adapt and grow, expanding

ECI’s services to strengthen national exports stands as our primary

objective, marking a significant leap forward in our capabilities and

outreach. This new strategic phase aims to double the growth rate

of UAE exports through ECI and increase our contribution to the non-

oil GDP by 7-fold by 2031.”

The report stated that ECI’s global outreach efforts resulted in the

support of UAE exporters across 17 sectors in 110 countries,

amounting to a non-oil trade and investment of AED 14 billion in

2023. This success was facilitated by approximately 21 agreements

signed with government export credit agencies worldwide,

solidifying ECI’s position as a trusted partner for international trade.

Additionally, the report highlighted ECI’s commitment to supporting

clients beyond credit insurance. This commitment was demonstrated

by the company’s effective handling of overdue payments, leading

to the collection of AED82 million. It showcases ECI’s significant

contributions to facilitating access to financing for UAE exporters,

with over AED 1.8 billion worth of credit cover provided to financial

institutions over the past five years. It also stated that ECI secured

https://www.tradingview.com/news/reuters.com,2024-05-22:newsml_ZawSqVrx:0-pressr-etihad-credit-insurance-records-21-fold-growth-in-gross-expo… 4/7