The Export Coverage Scheme (ECS)

The Export Coverage Scheme is part of the Singapore government’s S$5.8b Special Risk-Sharing Initiative developed by International Enterprise (IE) Singapore.

ECS is designed for all Singapore-based companies in response to the heightened uncertainties as a result of the global economic downturn.

ECS offers two key benefits for Singapore-based companies considering Buyer Default Insurance:

• Subsidy of Insurance Premium
• Limit Excess Facility

These benefits are designed to make Buyer Default Insurance more accessible to qualifying Singapore-based companies by subsidising 50% of the insurance premium, and/or to provide access to additional insurance capacity with insurers.

IE Singapore has appointed Aon Singapore, a leading global risks advisory, insurance management and human capital consulting company, to manage ECS.
This Scheme is only available through Aon Singapore.
ECS commences from the 1st of March 2009.