Export Guarantee Fund of Iran

Name

Export Guarantee Fund of Iran

Legal name

صندوق ضمانت صادرات ایران (Export Guarantee Fund of Iran)

Website

https://egfi.ir

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Export Credit Insurance

NAICS

Commercial Banking (522110), Sales Financing (522220), Credit Bureaus (56145)

SIC

Surety Insurance (6351), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC)

Keywords

• Export credit insurance
• Export guarantees
• Trade credit insurance
• Investment insurance
• Country risk assessment

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums (حق بیمه): The fund receives premiums for providing coverage against political and commercial risks. Premium rates are calculated based on country risk group, buyer credit rating, payment terms, and credit period. Premiums are payable in foreign currency.
2. Guarantee/ Warranty Commissions (کارمزد): Commission fees for issuing various guarantee instruments including bank guarantees, production credits, and contractual guarantees. Commission rates vary by credit period and applicant credit rating (A to E).
3. Credit Assessment Fees (هزینه اعتبارسنجی): Fees charged for credit assessment of foreign buyers, banks, and governments. The fee comprises the credit rating agency cost plus administrative charges.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Export Guarantee Fund of Iran provides export credit insurance and bank/production credit guarantees to Iranian exporters and contractors, covering political and commercial risks (buyer default, war, expropriation, currency transfer restrictions, contract frustration) in international trade. It complements these with credit assessment services for foreign buyers, foreign banks, and country risk ratings, operating as the official Export Credit Agency of Iran with statutory government backing.

Product overview

Export Guarantee Fund of Iran (EGFI) is the official Export Credit Agency (ECA) of Iran, operating as a government-owned company under the Ministry of Industry, Mine and Trade. The fund provides a comprehensive suite of export credit insurance, guarantee, and assessment products organized across two main lines: short-term export insurance policies (covering specific shipments, total export turnover, export contract annulment, bank claims guarantee, and document debt purchase) and medium-to-long-term products (buyer credit insurance, technical/engineering services insurance, investment insurance, and export-oriented project credit guarantees). Alongside these, EGFI offers bank credit guarantees, production credit guarantees, and contract-based bank guarantees for pre/post-shipment financing, and provides credit assessment services for foreign buyers, banks, and countries. The fund's products are interconnected: credit assessment of buyers and countries is a prerequisite for insurance policy issuance, and guarantees and insurance policies work together to cover the full export transaction lifecycle from pre-shipment production through to post-shipment payment collection.

Differentiator

Problem solved

Functional benefit

Products and services

• Special Export Insurance Policy (بیمه نامه خاص صادرات) Short-term insurance policy covering political and commercial risks for specific export shipments to identified foreign buyers, with buyer/bank credit assessment required before issuance. For Iranian exporters engaging in cross-border trade.
• Total Export Turnover Insurance (بیمه نامه کل گردش صادرات) Annual insurance policy covering all of an exporter's exports to multiple countries and buyers against major political and commercial risks, with premium based on buyer conditions and destination countries. For Iranian exporters with continuous cross-border sales.
• Export Contract Annulment Insurance (بیمه نامه بلااثر شدن قرارداد صادراتی) Insurance covering risks of export contract annulment during the production phase before goods are shipped, protecting against political and commercial risks causing inability to sell produced goods. For Iranian exporters facing pre-shipment cancellation risk.
• Export Document Debt Purchase Insurance (بیمه نامه خرید دین اسناد صادراتی) Insurance policy issued in favor of Iranian banks that discount/export documents, covering non-payment risks of documentary credits by the opening bank or confirming bank. For Iranian banks involved in export document discounting.
• Bank Claims Guarantee Insurance for Sight Documentary Credits (بیمه نامه تضمین مطالبات بانک بابت اعتبارات اسنادی دیداری) Insurance covering banks against non-payment of sight documentary credits by the issuing or confirming bank, protecting the negotiating bank when documents are compliant. For Iranian banks engaged in sight documentary credit negotiations.
• Buyer Credit Insurance/Guarantee (بیمه نامه/ضمانت نامه اعتبار خریدار) Medium-to-long-term insurance guaranteeing Iranian banks or foreign buyers/employers against non-payment by foreign buyers, covering both commercial risks (buyer insolvency) and political risks, enabling financing for capital and semi-capital goods exports up to 85% of project value. For exporters of capital and semi-capital goods requiring buyer financing.
• Technical and Engineering Services Export Insurance (بیمه نامه خاص صدور خدمات فنی و مهندسی) Insurance policy covering Iranian contractors' claims against foreign employers for political and commercial risks on engineering and technical services exports, issued based on foreign employer/bank credit assessment and covering project payments progressively. For Iranian contractors providing engineering and technical services abroad.
• Investment Insurance (بیمه نامه سرمایه گذاری) Medium-to-long-term insurance for Iranian investors' projects abroad against political risks (war, expropriation, currency transfer restrictions, contract breach), requiring minimum 50% Iranian content and minimum 3-year project duration. For Iranian companies making foreign direct investments.
• Export-Oriented Project Credit Insurance/Guarantee (ضمانت نامه/بیمه نامه اعتباری خاص پروژه های صادرات محور) Commitment document issued for export-oriented projects within Iran, guaranteeing repayment of principal and interest of medium-to-long-term financing facilities for Iranian or foreign financing banks and foreign investors, enabling attraction of external finance for domestic export-oriented projects. For export-oriented project sponsors and financing banks.
• Bank Credit Guarantee (ضمانت نامه اعتبار بانکی) Guarantee issued at the request of banks and financial institutions as collateral to guarantee exporters' commitments before shipment, covering rial and foreign currency financing needs, with coverage up to 100% of principal and interest. For Iranian banks and exporters requiring pre-shipment financing collateral.
• Production Credit Guarantee (ضمانت نامه اعتبار تولیدی) Guarantee issued for Iranian manufacturers holding production licenses to guarantee exporters' commitments to producers or their affiliated companies for pre-shipment installment purchases, supporting the domestic supply chain for exports. For Iranian manufacturers and exporters in the production-to-export supply chain.
• Contract-Based Bank Guarantees (ضمانت نامه های بانکی مبتنی بر قرارداد) Guarantees issued for Iranian contractors participating in international tenders, covering bid bonds, advance payment guarantees, performance bonds, and retention guarantees, issued based on SAJER contractor ranking or credit assessment, serving as a substitute for the banking system under sanctions. For Iranian contractors bidding on international tenders and contracts.
• Foreign Buyer Credit Assessment (اعتبارسنجی خریداران خارجی) Credit assessment service evaluating foreign buyers' ability to repay debts and determining credit limits, using international credit reporting agencies and internal scoring models, prerequisite for short-term insurance policy issuance. For Iranian exporters and banks seeking credit evaluation of foreign buyers.
• Foreign Bank Credit Assessment (اعتبارسنجی بانک های خارجی) Credit assessment service evaluating foreign banks and government entities' creditworthiness using internal statistical models and quantitative/qualitative information, determining credit ratings and limits for banks opening documentary credits. For Iranian banks and exporters needing evaluation of foreign counterparty banks.
• Country Credit Rating (رتبه اعتبارسنجی دولت ها) Country risk assessment service determining credit ratings, short-term and medium/long-term coverage ceilings, and coverage policy (open, limited, blocked, suspended) for approximately 200 countries, informing export insurance decisions. For Iranian exporters and institutional clients assessing country risk.

Quantifiable outcome

• 22,000 million euros total coverage provided to Iranian exporters
• +3 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• ASEI (Indonesia)minorStrategic or Co-development Partner · 1 January 2023Reinsurance agreement signed in 2023 with Indonesian export credit agency.
• UZBEKINVEST (Uzbekistan)minorStrategic or Co-development Partner · 1 January 2023Reinsurance agreement signed in 2023. Previous MoU in 2019 and reinsurance agreement in 2006.
• EXIM HU (Hungary)minorStrategic or Co-development Partner · 1 January 2021MoU signed in 2021 and reinsurance agreement signed in 2021 with Hungarian export credit agency.
• EXIAR (Russia)coreStrategic or Co-development Partner · 1 January 2014Framework cooperation agreement signed in 2014; reinsurance agreement signed in 2022 with Russian export credit agency.
• KUKE (Poland)minorStrategic or Co-development Partner · 1 January 2014MoU signed in 2017 for cooperation in buyer credit assessment, reinsurance, training, and information exchange.
• SACE (Italy)coreTechnology or Integration · 1 January 2007Technical cooperation agreement signed in 2015 for training programs on credit insurance and project financing. Multiple training sessions conducted by SACE experts including courses on credit insurance, claim prevention, and country/bank/company risk assessment.
• Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)coreStrategic or Co-development Partner · 1 January 2004Cooperation agreement with the Islamic Development Bank group entity. MoU signed in 2002, 2003, and reinsurance agreement signed in 2004. MoU renewed in 2023.
• Berne UnioncoreStrategic or Co-development Partner · 1 January 2004Full membership in the International Union of Credit and Investment Insurers (Berne Union). Regular participation in spring and autumn conferences, committee meetings, and country risk discussions.
• Aman UnioncoreStrategic or Co-development Partner · 1 January 2004Active membership in the Arab Credit Export Insurance & Guarantee Union (Aman Union). Hosted the 5th Annual General Meeting in 2014 with 74 participants from 30 ECAs. Elected to the Board of Directors for three consecutive terms.
• Multilateral Investment Guarantee Agency (MIGA)coreStrategic or Co-development Partner · 1 January 2004Cooperation with the World Bank Group's investment insurance agency. Hosted MIGA training workshop on investment insurance in Kish Island in 2004.
• SINOSURE (China Export & Credit Insurance Corporation)coreStrategic or Co-development Partner · 1 January 2002Memorandum of understanding for cooperation in export credit insurance between the two ECAs, facilitating trade between Iran and China.

Scale indicators9 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• EXIM Hungary (Hungarian Export-Import Bank): Hungary's official ECA providing export credit insurance and financing. EGFI signed an MOU and reinsurance agreement with EXIM Hungary in 2021, a comparable mid-sized European ECA.
• KUKE (Korporacja Ubezpieczeń Kredytów Eksportowych): Poland's official export credit agency providing short- and medium/long-term export credit insurance. EGFI signed an MOU with KUKE in 2017 for buyer credit assessment, reinsurance, and information exchange.
• ICIEC (Islamic Corporation for the Insurance of Investment and Export Credit): Multilateral ECA within the Islamic Development Bank Group focused on export credit and investment insurance across OIC member states. EGFI has had a cooperation relationship with ICIEC since 2002 and renewed the MOU in 2023.
• SINOSURE (China Export & Credit Insurance Corporation): China's official export credit agency; provides export credit insurance, guarantees, and overseas investment insurance. EGFI signed an MOU with SINOSURE in 2002, making it the most direct strategic peer given the parallel mandate.
• EXIAR (Export Insurance Agency of Russia / EXIAR JSC): Russia's export credit agency focused on investment insurance and buyer credit. EGFI has a framework cooperation agreement (2014) and reinsurance agreement (2022) with EXIAR, making it a close functional peer in supporting sanctioned-economy exporters.
• SACE (Servizi Assicurativi del Commercio Estero): Italy's official export credit agency. EGFI signed a technical cooperation agreement with SACE in 2015 covering training in credit insurance, claim prevention, and country/bank/company risk assessment.
• ASEI (Asuransi Ekspor Indonesia): Indonesia's official export credit agency. EGFI signed a reinsurance agreement with ASEI in 2023, positioning ASEI as a peer ECA in emerging-market export credit insurance.

Others

• MIGA (Multilateral Investment Guarantee Agency): World Bank Group political-risk insurance and credit enhancement agency. EGFI has a cooperation agreement with MIGA including a 2004 training workshop on investment insurance in Kish Island, positioning MIGA as a multilateral counterparty/peer rather than a direct competitor.

Broad incumbents

• Euler Hermes (Allianz Trade): World's largest trade credit insurer with official ECA status in Germany and broad global footprint. Functions as a broad incumbent peer given its comprehensive export credit insurance and guarantee offerings, even though it serves a much larger and more diversified customer base than EGFI.
• BPI France (formerly Coface-backed French ECA activities): French public investment bank with significant ECA and trade credit insurance capabilities. Serves as a broad incumbent peer given its state-backed export credit and guarantee operations across Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/export-guarantee-fund-of-iran

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Export Guarantee Fund of Iran