Page 64 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2025

6/26/25, 8:40 AM Etihad Credit Insurance achieves $4.41bln in insured turnover with 15.7% growth
Raja Al Mazrouei said, “We are committed to supporting the UAE’s accelerated drive toward economic
resilience and long-term sustainability. By offering innovative credit solutions, streamlined access to
financing, and forging high-impact strategic partnerships, we empower UAE exporters, particularly
SMEs, to unlock new opportunities and scale globally with confidence in an increasingly competitive

world. This is reflected in ECI’s strong performance in 2024, which not only underscores its pivotal role in
enabling the national export competitiveness but also its commitment to empowering businesses with
the tools and confidence to expand into new global markets. A key milestone for us in 2024 was the

launch of Xport Xponential, a comprehensive program designed to support UAE-based companies. This
new strategic initiative aligns with our commitment to increasing ECI’s contribution to the non-oil GDP by
7-fold by 2031.”

Al Mazrouei also reaffirmed ECI’s dedication to clean and green energy initiatives in line with the UAE’s
sustainability commitments and United Nations Sustainable Development Goals (SDGs). “The Africa

Green Investment Initiative (AGII) led by the UAE and announced at the Africa Climate Summit, held in
Nairobi in September 2023, is a multistakeholder partnership that employs an innovative approach to
climate finance, combining the resources, expertise, and local knowledge of the following partners: Abu
Dhabi Fund for Development; Masdar; AMEA Power; Africa 50; and Etihad Credit Insurance. AGII aims

to deploy $4.5 billion in African renewable energy capacity by the end of the decade.

"This initiative represents one of the most comprehensive efforts to drive climate action and
decarbonization in emerging economies and least developed countries to date and builds on the UAE's
long-standing commitment to international cooperation and sustainable socio-economic development."

Furthermore, the report revealed that ECI offers coverage of up to AED500 million per risk, with 60

percent of that amount ceded under a quota-share arrangement. This structure is backed by nine
reinsurers rated 'A' and above, reaffirming ECI’s robust reinsurance treaty.

The report also highlighted ECI’s commitment to supporting clients beyond credit insurance. This
commitment was demonstrated by the company’s effective handling of overdue payments, which

resulted in the collection of AED 158 million from overdue payments, achieving collection success rate of
77 percent. With this, the total debt collected by ECI since its inception has risen to AED528 million, an
87 percent recovery success rate.

The report further detailed the composition of ECI’s portfolio, noting that 70 percent of its exposure lies in
Short-Term Credit Insurance (ST), which supports high-frequency trade cycles, particularly in

manufacturing, ICT, and agri-exports. Medium and Long-Term (MLT) commitments account for 17
percent of the portfolio, highlighting ECI’s growing involvement in infrastructure, energy, and other
capital-intensive sectors. The remaining 13 percent is dedicated to Political Risk Insurance (PRI).

In terms of geographic distribution, the report identified Saudi Arabia as ECI’s largest export market

within the Gulf and wider MENA region, accounting for 7 percent of the company’s total exposure. ECI

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