ECI achieves Dhs16.2b in insured turnover with 15.7% growth

Etihad Credit Insurance (ECI), the UAE federal export credit company, has revealed a remarkable year of growth and strategic achievement in its 2024 Annual Report, with insured turnover reaching Dhs16.2 billion reflecting a 15.7 per cent year-on-year increase and accounting for 2.85 per cent of the UAE's total non-oil exports.

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This was announced during a media briefing led by Raja Al Mazrouei, Chief Executive Officer of ECI, and other senior officials from the company.

These figures underscore ECI’s deepened contribution to supporting and safeguarding UAE-based exporters and investors through strategic credit solutions in over 100 countries and 17 strategic sectors. In 2024, the UAE's non-oil foreign trade surged to AED 3 trillion, marking a 14.6 percent increase over the previous year.

ECI's contribution plays a vital role in advancing the nation’s goal of achieving Dhs800 billion in the country’s non-oil exports by the next decade, in line with ‘We the UAE 2031' economic goals. Since its inception, the company has facilitated over Dhs21 billion in cumulative export trade and investment, resulting in booked Gross Written Premium (GWP) of Dhs447 million, reflecting strong portfolio growth and a high retention rate.