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Who is ECIE?
As the very first of its kind in the United Arab Emirates, the Export Credit Insurance Company of the Emirates PSC – ECIE as it is commonly known, is wholly owned by the Government of Dubai and, the first and only Trade Credit Insurer with a direct local presence. ECIE was born out of H.H. Sheikh Mohammed Bin Rashid Al Maktoum’s vision to help UAE-based companies make use of opportunities to grow their exports safely, and in turn grow the GDP of the nation. Thus, ECIE is looked at as a partner to many companies, to help them grow without the fear of bad debts.
We protect companies in the UAE and their Global subsidiaries against the risk of non-payment by their buyers. What we have to offer?
Comprehensive Short-term Credit Insurance Policy (Export/Domestic)
Our Comprehensive Short-term Policy caters to a wide range of businesses in which products or services are sold on credit terms of not more than 180 days. In certain cases, longer payment terms i.e. up to 360 days, can also be considered. The risks covered include: - Insolvency of the buyer
- Non-payment of goods accepted by the buyer
- Transfer delay, or delay in payment, due to the imposition of foreign exchange controls in the buyer’s country
- Cancellation or imposition of import license in the buyer’s country / export license in the seller’s country
- War and other disturbances in the buyer’s country which could affect the settlement of the debt
- Buyer’s failure to accept the goods.
The Cover Percentage is up to 90% of the gross invoice value. How will companies benefit from our Credit Insurance Program?
Companies that buy our Credit Insurance Policy can: - Compete effectively with better credit control and focus on their core business
- Better manage their risks, be it Political or Commercial
- Safeguard their balance sheet and increase their profitability
- Enhance their ability to obtain funding from banks and,
- Constantly target new export markets or sell to new buyers
- ECIE accepts its Policyholders’ assignments of their benefits under their policies to banks – this facility improves the borrowing capacity of ECIE’s Policyholders.
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Who we are 
