International Alliances One of the strengths of the ECICS Limited lies in its international alliances with the Berne Union, ICISA, International Factors Group as well as cooperation with banks and other credit insurers at both multilateral and bilateral levels. Through its strong relationships and cooperation with these significant international and regional players, the ECICS Limited is well-positioned to serve clients locally and globally.

Berne Union

ECICS is a full member of the International Union of Credit and Investment Insurers (or Berne Union) since 1979. The Berne Union was established in 1934 with four members from France, Italy, Spain and the UK. At present, the Berne Union has 51 members ranging from 42 countries and locations. Amongst which, includes the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. The Union which constitutes both state-controlled organisations and private insurance companies, works for the promotion of international acceptance of sound principles in export credit and investment insurance. With the Berne Union serving as a fundamental medium of exchange of industry information, experience and expertise, ECICS has accumulated invaluable experiences and updated information pertaining to credit and trade developments around the world.

ICISA

Originated from Paris, the International Credit Insurance & Surety Association (ICISA) was established in April 1928. Formerly known as the ICIA (International Credit Insurance Association), the ICISA at present constitutes 42 members from 30 countries worldwide. The ICISA provides a forum for the continuous exchange of information and experiences about trading conditions and developments in particular industries, trade sectors and markets. Members also cooperate through the sharing of information pertaining to credit risks, reinsurance arrangements as well as bilateral assistance in the prevention of claims and debt recovery support work. ECICS began its membership in the ICISA in 1981.

International Factors Group S.C.

ECICS Limited is also linked to other factoring companies worldwide through its parent company, IFS Capital Limited, which is a member of the International Factors Group S.C. (IFG). The IFG, founded in the 1960s, is a factoring chain with 60 members in more than 30 countries. Members provide collection and other services to one another and the chain serves as a large worldwide
information network.

Co-operation Agreements with Other Credit Insurers

ECICS has signed several bilateral agreements with other credit insurers in the world to increase its underwriting capacity. To date, it has entered into reinsurance agreements with export credit agencies in Finland, France, India, Japan, South Africa and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group.