Page 54 - ECI PR REPORT - MAY 2025

5/28/25, 9:23 AM During a recent media briefing organised by the company Etihad Credit Insurance achieves AED 16.2 billion in insured turnover wit…
has significantly contributed to advancing this vision by fostering the expansion of UAE-based companies, UNICEF
TONY WARD UN
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, ECI UNITED NATIONS
plays a vital role in accelerating non-oil export growth and strengthening the country’s standing as a leading,
diversified economic powerhouse.” VFS GLOBAL ZUHAIR MURAD

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).

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