Page 38 - ECI PR REPORT - MAY 2025

5/28/25, 9:21 AM Etihad Credit Insurance achieves AED 16.2 billion in insured turnover with a 15.7% growth in more than 100 countries across 17 str…
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,” H.E. elaborated.

The report stated that the company has witnessed a gross exposure of AED 11 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).

The report highlighted that ECI secured 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.
H.E. Raja Al Mazrouei, CEO of ECI, 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.”
H.E. 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 AED 500 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 AED 528 million, an 87 per cent 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
per cent of the company’s total exposure. ECI also provided notable coverage for exports to Egypt, Oman, Qatar, and Bahrain, highlighting the strength of intra-
regional trade. Beyond the Middle East, ECI supported significant trade flows to leading Asian economies such as India and Singapore, while also facilitating
UAE exports to Europe – including the UK and EU – and America. Furthermore, ECI signed around 28 agreements with government export credit agencies
worldwide, including US EXIM, Korea Eximbank, Sinosure, BPI France, solidifying ECI’s position as a trusted partner for international trade.

Finally, the report also outlined ECI’s plans to leverage the UAE’s Comprehensive Economic Partnership Agreements (CEPAs) to further enhance trade and
strengthen commercial relations. These efforts will be supported by ECI’s expanding information database, which grants access to over 400 million corporates
globally, empowering UAE-based exporters with valuable insights and intelligence.

-Ends-

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