Export Credit Insurance Corporation of Singapore (ECICS) was founded in 1975 as part of the government's initiative to support Singapore manufacturers exporting overseas. The company focused on providing trade credit insurance, bonds and guarantees then. Today, ECICS Insurance provides an entire range of general and commercial insurance products such as personal accident, motor, maid, credit insurance, bonds and guarantees, since obtaining the General Insurance License in 2013. ECICS Insurance is a subsidiary of SGX-listed financial institution IFS Capital Limited Group since 2003. PhillipCapital is the main shareholder of ECICS through IFS Capital Limited.