Page 46 - ECI PR REPORT - MAY 2025

5/28/25, 9:22 AM Etihad Credit Insurance Achieves AED 16.2 Billion In Insured Turnover With A 15.7% Growth In More Than 100 Countries Across 1…
helping UAE businesses compete more effectively on the global stage, ECI plays a vital role
in accelerating non-oil export growth and strengthening the country's standing as a leading,
diversified economic powerhouse.”
H.E. Bin Touq further noted that ECI 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, ECI 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,” 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.
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