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Dubai: Etihad Credit Insurance (ECI), UAE’s Federal Export Credit Company, was conferred with the award for the “Most Innovative Finance Solutions in Middle East 2019” by the UK-based CFI.co (Capital Finance International) Awards.
This award highlights ECI’s pioneering SME Protect, a trade credit solution for SMEs to support their growth plans globally and assist them in entering high-growth markets. SME Protect is a simple, fast, easy to use solution that is aimed at encouraging UAE businesses to broaden their understanding of trade credit solutions and to accelerate their export business in a secure manner.
For ECI, this accolade is also a recognition of the company’s swift and rapid growth within a short span of time as an industry-leading trade credit solution provider that has persistently elevated UAE businesses’ competitiveness and helped them in contributing to the country’s non-oil growth.
Commenting on the distinction conferred by CFI.co Awards, Swarna Lata, Director - Commercial Underwriting, ECI commented: “ECI’s recognition by the UK-based CFI.co Awards is not only a nod to the success of ECI’s groundbreaking solution, SME Protect, but also an acknowledgment of the company’s efforts in developing bespoke trade credit solutions during a short span of time. SMEs form the bedrock of the UAE economy. Its contribution to the country’s non-oil GDP growth further elevates the importance of a solution like SME Protect as every small and medium-sized enterprise needs to be protected. Available online, SME Protect is an innovative product that is offered by ECI in the UAE, and we are delighted to be honored for our efforts at the international level.”
Meanwhile, Ali Saleh Al Ali, Director - IT & Operations, ECI highlighted how ECI’s technological proficiency and know-how gives them an edge while developing a solution. He said: “While the ECI team relies heavily on innovation and creativity while developing solutions, they are also equally invested in focusing on is its effortless use. An uncomplicated usability approach is what the team seeks. SME Protect certainly ticks all the boxes. In order to access SME Protect, the customers just need to follow three easy, fast and simple steps that are as follows: The first step is to visit the website followed by step two which is to select the right product and submit the form with all the requisite details, and finally once it is approved, the final step is to make the payment online.”
Abeer Al Mutawa, Director - Marketing & Communications, ECI stated: “At ECI, we are invested in understanding what our customers, namely the UAE businesses, are seeking. To achieve this, we consistently organise customer voice projects and customer-centric workshops and seminars for them. These activities, while providing a platform to share their journey, also gives us an insight into their expectations from organisations like ECI as well as the UAE marketplace. Our success lies in effectively utilising our expertise to customise and develop innovative products like SME Protect that will benefit local businesses. Our team's goal is to support their expansion plans as well as enhance safer trading opportunities for UAE businesses and the export community."
The CFI.co Awards honours’ individuals and organisations worldwide that contribute significantly to the convergence of economies and truly add value for all stakeholders. It is annually organised by Capital Finance International, a London-based print journal and online resource reporting on business and economic convergence.
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About Etihad Credit Insurance
Etihad Credit Insurance (PJSC) was established by UAE Federal Government and its founders, the governments of Abu Dhabi, Dubai, Ras Al Khaimah, Fujairah and Ajman. The company started its operations in February 2018. ECI plays a catalyst role in supporting the UAE’s non-oil exports, trade, investments and strategic sectors development, in line with UAE Vision 2021 agenda.
It is tasked to accelerate and sustain national economic diversification as well as support the export and re-export of UAE goods, works, services, and the foreign investments of the UAE businesses through a range of export credit, financing and investment insurance products.
To provide UAE businesses with solutions that meet their growth objectives locally and internationally, ECI builds a comprehensive platform of strategic partnerships across government, insurers, re-insurers, brokers, banks and lenders, regional and international Export Credit Agencies, governments and trade promotion agencies in addition to world organisations for economic development.
For media inquiries, please contact:
Abeer Al Mutawa
Director Marketing & Communications
Etihad Credit Insurance
+971 4 245 4445
abeer.almutawa@eci.gov.ae
Sonal Salvi
PR Manager
New Perspective Media
+971 58 206 9825/ +971 4 244 9642
sonal@newperspectivemedia.com
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