The ECIC is a statutory organisation providing export credit insurance facilities to protect Hong Kong exporters against the risks of non-payment involved when offering credit terms to overseas buyers.
Statutory Organisation with Strong Background
- Established under the HKECIC Ordinance (Chapter 1115) in 1966.
- Contingent liability under contracts of insurance is guaranteed by the Government of Hong Kong Special Administrative Region, currently standing at $55 billion.
Supporting Export Trade
- We are one of the members of the International union of Credit and Investment Insurers (the Berne Union) since 1969 - the leading international organisation of public and private sector providers of export credit and investment insurance to support global trade.
- We provide a range of insurance facilities to protect Hong Kong exporters, especially the SMEs, against non-payment at pre- and post-delivery stages due to country and buyer risks arising from export trade of goods or services transacted on credit terms.
- We continue to provide further support to Hong Kong exporters, especially the SMEs, with a range of enhanced measures to help them in coping with the still-volatile economic conditions and exploring opportunities in emerging markets.
- We have been certified to the ISO’s management system standards since 1996, and we are committed to providing professional and customer-oriented services in support of Hong Kong’s export trade, by upholding the principles of Total Quality Management and by fulfilling all our legal and customer requirements.
- Our insured business in the financial year ended 31 March 2020 reached $120,244 million with gross premium income of $277.48 million.