Page 32 - ECI PR REPORT - MAY 2025

5/28/25, 9:21 AM Etihad Credit Insurance achieves 15.7 percent growth in insured turnover to $4.41 billion
achieving AED800 billion in the country’s non-oil exports by the next decade, in line with ‘We the UAE
2031’ economic goals.

Since its inception, the company has facilitated over AED21 billion in cumulative export trade and investment,
resulting in a booked Gross Written Premium (GWP) of AED447 million, reflecting strong portfolio growth and
a high retention rate.

“Etihad Credit Insurance has significantly contributed to advancing the ‘We the UAE 2031’ vision by fostering
the expansion of UAE-based companies, enabling broader market access, and reinforcing key economic
partnerships through targeted collaborations and tailored credit insurance solutions. By helping UAE businesses
compete more effectively on the global stage, Etihad Credit Insurance plays a vital role in accelerating non-oil
export growth and strengthening the country’s standing as a leading, diversified economic powerhouse,” stated
H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of Directors.

Gross exposure grows to AED11 billion

Bin Touq further noted that Etihad Credit Insurance has extended credit guarantees to cover several major
infrastructure and energy deals in African markets, including Angola and Senegal, in line with the UAE’s
strategic efforts to foster sustainable global partnerships and drive inclusive economic development.

“In 2024, Etihad Credit Insurance provided targeted trade and investment insurance solutions to projects that
advance clean energy, food security, critical infrastructure, and water sustainability. These efforts reflect our
growing role in shaping a trade and export ecosystem that delivers long-term economic value while addressing
urgent global challenges such as climate change and social equity,” he elaborated.

The report added that the company has witnessed a gross exposure of AED11 billion, a 14.58 percent increase
over 2023. This growth was supported by a diverse portfolio, with over 60 percent of beneficiaries comprising
small and medium-sized enterprises (SMEs).

Etihad Credit Insurance also secured an AA- international rating by Fitch for the sixth consecutive year,
reflecting on the company’s ability to mitigate potential risks and reiterate its strong presence in global markets.

Company achieves collection success rate of 77 percent

Furthermore, the report revealed that Etihad Credit Insurance 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 Etihad Credit Insurance’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 AED158 million from overdue payments, achieving a 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 Etihad Credit Insurance’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 Etihad Credit Insurance’s growing involvement in infrastructure, energy and other
capital-intensive sectors. The remaining 13 percent is dedicated to Political Risk Insurance (PRI).

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