Page 63 - ECI PR REPORT - MAY 2025

5/28/25, 9:24 AM Etihad Credit Insurance achieves AED16.2 billion in insured turnover with 15.7% growth
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.
Raja Al Mazrouei 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.”
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.
Provided by SyndiGate Media Inc. (
Syndigate.info
).

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