ECICS was set up in 1975 by the Singapore government to encourage and support the growth of export.
ECICS were eventually privatised and is now a wholly subsidiary of IFS Capital Limited, a public listed financial group on Singapore SGX board. Its ultimate parent company is PhilipCapital Group which is one of the largest financial institutions in Singapore.
In 2013, ECICS became a full-licensed general insurer under the approval of Monetary Authority of Singapore. This allow ECICS to write a full range of general insurance business product lines.
11 Jan 2019 – Appointment of Mr Choi Kin Seng as Chief Executive of ECICS Limited with effect from 29 Oct 2018