Page 60 - ECI PR REPORT - MAY 2025

5/28/25, 9:23 AM Etihad Credit Insurance Achieves AED16.2 Billion In Insured Turnover With 15.7% Growth | Pakistan Point
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.”
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 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 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 AED528 million, an
87 percent 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 percent 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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