Our Company

A homegrown insurer that has its beginnings in Singapore since 1975

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.

Milestones

  • 1975
    Established since 1975 underwriting bonds and guarantees as well as credit insurance.
  • 1993
    Became a wholly-owned subsidiary of IFS which is listed on the Mainboard of SGX in that same year.
  • 2004
    Ratified a comprehensive reinsurance agreement with Nippon Export and Investment Insurance (NEXI) to provide trade insurance to help Japanese firms in Singapore.
  • 2013
    Became a fully licensed general insurer approved by the Monetary Authority of Singapore.
  • 2018
    Shifted its office to SingPost Centre at Paya Lebar.

Latest Updates

11 Jan 2019 – Appointment of Mr Choi Kin Seng as Chief Executive of ECICS Limited with effect from 29 Oct 2018

Our Parent Company

Our Ultimate Parent Company

PhilipCapital
ourcompany - ECICS Insurance
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