Page 49 - 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 17 str…
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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