Export Credit Insurance is a financial product that protects businesses against the risk of non-payment by foreign buyers. When companies sell goods or services internationally, they may face challenges such as political instability or economic issues in the buyer's country. This insurance helps mitigate those risks by covering a portion of the losses if the buyer fails to pay. By using Export Credit Insurance, exporters can confidently expand their markets and increase sales without the fear of losing money. It also allows them to offer better payment terms to foreign customers, making their products more competitive in the global market.