ECGC to launch premium policies to retain high-end exporters

Private general insurers provide cover to best exporter and the best buyer, where the risk of default is less

State-owned ECGC Ltd is planning to bring in “premium policies” for high-end customers, in a bid to prevent top exporters from being lured away by private general insurance companies.

“We are thinking to come up with some premium policies for top customers because there is apprehension that this creamy layer will be poached away by private insurers,” said Geetha Muralidhar, chairman-cum-managing director, ECGC, formerly known as Export Credit Guarantee Corporation of India.

Private general insurers provide cover to the best exporter and the best buyer, where the risk of default is less. Moreover, they know the multinational buyers because of